clock menu more-arrow no yes

Filed under:

Paddle Up: Downtown's Rowan Lofts To Hold Giant Auction

New, 39 comments

Long Beach condos being auctioned off is one thing, but now developers are looking to sell of bulk units in downtown's historic core. A bit of news that makes us feel uneasy, the web site for Rowan Lofts, a 206-unit adaptive reuse project at 60 Spring Street, is currently advertising a giant blowout auction of its units on February 8th. Minimum bids are $195,000. There's a whole "How it Works" page for those interested in picking up a few downtown units. We visited this building back in July and were told that prices ranged from $300,000-$1 million, and move-ins were supposed to happen in October. Apparently buyers weren't storming the gates. Godspeed, Rowan.
· Rowan Lofts Auction [Official Site]
· Rowan Move-Ins in October, More Spring Street Action Coming [Curbed LA]

Rowan Lofts

460 S. Spring St. , Los Angeles, CA Visit Website