For those who have not had a chance to view the condo units for sale inside the Raymond Renaissance, I wanted to post these interior shots of two model units that are on the second floor. One is a two-bedroom unit and the other is a loft.
An exciting historic restoration project is developing on Los Robles Ave, just a 2 minute walk away from Macy’s and Paseo Colorado. The former Livingstone Hotel and Apartments is being converted to 32 luxury condominiums for sale as part of Phase I (Phase II will be a new ground-up project directly adjacent to The Livingstone).
The Renaissance condos, at the corner of Cordova and Marengo, has been under construction for at least a year now, IIRC. I talked to someone in the construction crew awhile ago and he informed me that the developer was financing this project with cash (as opposed to using a construction loan). The underground parking structure has been completed and now the initial framing of the structure has begun. I am very excited about this project because I think it complements the other new developments across the street (Cinema Lofts and The Dalton). It feels in another gap in the neighborhood with new investment and energy.
A snapshot of what the corner of Raymond and Holly now looks like. The only things missing from this picture are two new trees that have yet to be planted, the BLD restaurant, and the signs of new residents that have yet to move in because the building is not yet ready for occupancy. In other words, we have some months left to keep watch of this corner.
It was a huge success for The Dalton–located across the street from the Gold Line Del Mar Station–as bidders attended a special auction last, last weekend. With “standing room only,” an estimated 1,000 bidders packed into a large Pasadena Hilton ballroom. In less than 2 hours, all 34 units were auctioned off. Apparently, the most expensive penthouse unit went for $600,000 (originally listed at $779,000). Out of a total of 55 units in the building, this means that about 2/3 of the units are now absorbed off the market. This bodes well for “The Renaissance” project under construction across the street from both The Dalton and Cinema Lofts.
Here are some pictures of different units from The Dalton:
The corner of the brand new Raymond Renaissance condos is now “98% completed.” The sidewalk in front of the Raymond Renaissance condos was being redone and a new tree was slated to be planted on the corner as well. All that’s missing is the new tree (a new tree grate has been installed in the sidewalk) and the upcoming BLD restaurant taking the corner space. The new tree should be here sooner than the restaurant (I hope). I passed by yesterday and saw that the BLD space is definitely being built out. I hope it will be able to open by winter of this year.
The eponymous Lake at Walnut, a 6-story mixed-use project in Pasadena, recently received their white papers and is now in escrow with buyers. This development by Standard Pacific Homes has some really great floor plans for those searching for traditional condominium layouts (one of my buyers will be entering escrow soon here) and also well-appointed, beautiful kitchens including Kitchen Aid appliances and granite counter tops. The exterior of the building may look a bit modest, but I was very pleasantly surprised to find out how well-designed the interior spaces are including the common areas like the courtyard and recreational room.
One of the best locations for a condo building in my opinion. Why? Because it’s in the middle of everything: Memorial Park across the street, the Gold Line station a block away, the Armory Center for the Arts next door, a view of City Hall, a wine bar a few doors down, and being just a bit off the beaten path in bustling Old Pasadena.
I think it’s great that residential/mixed-use development is happening where Delacey Place is. For an area that once had no connection to the rest of the city due to its forlorn status, this area that Delacey Place now stands, along with the greatly massive Westgate project under construction (842 units, IIRC) right across the street, will not only become just another pleasant place to live in Pasadena, but more importantly, the area will add to the ever expanding boundaries of Pasadena’s walkable areas. Being a strong believer and supporter that Pasadena will continue to lead the way in LA County in building a city for pedestrians, I am always excited to cover updates on mixed-use developments, such as Delacey Place.
A few highlights from the property include: