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More Half-Million-Dollar Townhouses Headed For Highland Park

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The trendifying of Highland Park over the last few years has done a great job hitching up housing prices and now another developer has noticed that people seem to want to live here. Seal Beach-based developers The Olson Company have filed paperwork with the city to build 29 townhouse-style condos, ranging from 900 to *1,800 square feet on the southwest corner of Avenue 50 and Figueroa, site of the Hillside Bible Baptist Church. The three-story residences will come in two- and three-bedroom models, and will have their own parking for two cars each. The project, called Fig @ 50, will take out the church and the large parking lot behind it to make room for the new houses.

Dana Sayles, a land use rep working with Olson on the project, says that the development, designed by Harley Ellis Devereaux, is aimed at first-time buyers; she was unable to give a definite price range, but Curbed received a tip back in early March from a resident who attended a developer presentation in the neighborhood where they ballparked the townhouses at around $500,000. That's about the same range as another in-the-works townhouse development two blocks away that shocked the community when developers revealed its pricing.

Designs for Fig @ 50 are still in progress, but Sayles says that Olson hopes to start construction next year and open for sales by the end of 2016, so hopefully we'll get a look at them soon.

· Just How Crazy Has Highland Park Real Estate Been Over the Last Two Years? [Curbed LA]
· Highland Park Gasps at Proposal For $500k Townhouses [Curbed LA]