Following last week's look at Factory Place Lofts, here's a tour of another downtown project: This is Emil Brown Lofts, a 39 unit live/work rental project and an adaptive reuse of a 1922 building designed by John M. Cooper (same architect who did the Roxie Theater). The project at 308 E. 9th Street comes from an investor group headed by Jack Ravan, president of LA real estate firm South Park Group (somewhat confusingly based in Beverly Grove), which is also repping the rentals. Until just a few years ago there were apparel manufacturers in here, and now South Park hopes to bring in designers and other creative types, and say they've brought prices lower than neighborhood comps to do it.
Rents range from $1,285 for a 716 square foot second floor unit to $3,800 for a 1,739 square foot penthouse unit with private rooftop space. They also hope a fitness center and lobby lounge area will make for a community feel. And there's a Starbucks and a Subway (plus some Santee Alley-type shops) on the ground floor, but they're looking to bring in some hipper retail and restaurants too.
Move-ins start November 1 and South Park tells us five leases have already been signed.
· Emil Brown Lofts [Official Site] [Last four photos courtesy South Park Group]