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Article: Embracing commutes measured in steps, not miles.(Easy Living?--Downtown for Sale)
- Article from:
- Los Angeles Business Journal
- Article date:
- October 20, 2003
- Author:
CopyrightCOPYRIGHT 2003 CBJ, L.P. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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In one of the indelible images of the silent film era, actor Harold Lloyd dangles helplessly from the hands of a clock on the face of the Brockman Building downtown.
Going inside and plunking down up to $400,000 for one of the 76 condominium units earmarked for the 12-story building, however, may be just as daunting--or rewarding--a task.
With more than 1,000 market-rate apartments built and almost completely rented between 1998 and 2002, and cultural draws like Staples Center and Walt Disney Concert Hall attracting potential residents, builders are shifting their efforts toward for-sale units.
Just 114 condo units have been built downtown since ...