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Another Round of Chops for Cherokee Lofts

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Does it seem like there's been a rash of condo pricechops lately? And here's the latest: Eleven units at the 12-unit Pugh + Scarpa-designed Cherokee Lofts--a project that takes inspiration from musicians--underwent a second round of chops last week. So a two-bedroom, two-bath home unit that was originally priced at $698,000 is now $549,000. One unit is in escrow, according to the listing agent.
· Cherokee Lofts [Deasy Penner]
· 751 North FAIRFAX Ave #2 [Redfin]
· Prices Drop at Pugh and Scarpa's Cherokee Lofts [Curbed LA]