The remodeled Metropolitan Water District building near Sunset Boulevard and Beaudry Avenue is wrapping up construction to turn it into a classy apartment building and will open this March as The Elysian. The pedigreed building, designed by the modernist luminary William Pereira (who also designed the main LACMA buildings and many, many other local civic buildings), will have 96 units that seem more expensive than they should be. Lower-floor studios are starting at $1,500—and they're only about 650 square feet. Sure, they come with a bunch of cool features like floor-to-ceiling windows with remote-controlled shades, 12-foot ceilings, a place to charge your electric car, a groundfloor cafe, and access to the building's "community deck with fireplace, barbecues, fountains and cabanas," but that doesn't change the fact that they are adjacent to a vacant church quite a ways off the main drag in Echo Park and not quite into Chinatown.
But hey, maybe you're loaded. How about a penthouse? That's going to set you back $7,000 a month at The Elysian. They're each two stories tall and have 20-foot glass windows and wood and tile floors. Will anyone really pay that much to live here? Developers Linear City are betting that someone will, and they're probably right: Eastsider LA says that tours are already being booked to walk through the units.
· Is a penthouse view worth $7,000 a month? [ELA]
· Echo Park's Metropolitan Water District Apts. Are a Year Out [Curbed LA]