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Roosevelt Lofts Heads to Court...Again

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Looks like the Roosevelt Lofts' saga of bankruptcy, leasing, and halted interior construction could be entering a final chapter called closure. Lawyers representing the Roosevelt's developer and lender will head to court tomorrow in an effort to get the green light for a $95 million sale of the downtown property to real estate biggie Greystar, which has already scooped up both the Title Guarantee Lofts at Fifth and Hill and the Great Republic Lofts at Eighth and Spring. The Roosevelt, sporting 220 residential units at happening Seventh and Flower, currently leases despite being designed as a condo project and has been hiding out in Chapter 11 for about two years. [Blogdowntown]

Roosevelt Lofts

727 W. Seventh St., Los Angeles, CA