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).
A quick snapshot of the construction of the 28-unit Terra Bella condo project at Cordova and Marengo. The development is now topped out and construction has been progressing consistently (with the exception of the much needed rains we’re getting this season).
[Update: Thanks to Cafe Pasadena for letting me know that Sumi Chang (the owner) decided to go with “Euro Pane” instead of “Miche Bakery” as the name of her second shop. The pictures I took predated the new signage going up by one day, so here’s the new signage from tonight.]
A new luxury development named Sabine (a name from the ancient people of central Italy) is now selling 12 luxury townhouses on South Lake Avenue convenient to and near great shops (like Pavilions, Peet’s Coffee, Noahs Bagels, Macy’s, etc.) geared toward buyers that may desire to live within walking distance to these amenities. Sabine’s design isn’t Italian, but French chateau style and its 12 luxury townhouses start from $1.25 million.
As construction wraps up on Granite Park Place just right off of South Lake Avenue, the Van Tilburg, Banvard & Soderbergh-designed luxury condo complex has now “8 units in contract” according to Sales Manager Darrell Done with some escrows closing soon and future residents moving in as early as late December. Walking through the complex, however, it looked a bit rough around the edges at about 90% complete with some minor cosmetic issues pertaining to the landscaping that needed to be tidied up. The layout of the units and high-end Viking kitchens reminded me somewhat of another luxury project in Pasadena, The Montana Residences by the Civic Center.
The Renaissance condos, covered back in September, has been renamed as Terra Bella. With “28 luxury condominiums and average unit sizes of 2,145 square feet” soon to hit the market, the developers, Legendary Development, have touted the forthcoming mixed-use development as “Ritz-Carlton quality.”
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.
Located behind the shops and restaurants on South Lake Avenue, Granite Park has been chugging along slowly (hoping and waiting for the market to rebound I assume). The health of the market is especially important to this project since the condo units here actually start at $1 million and go up to $2 million. If this project turns out to be anything like the Montana Residences, then I think it might actually be attractive/worth it to those who can afford it.
Modern and chic designs, usually found on the Westside of LA (i.e., West Hollywood or Venice), are making their presence felt on Hudson Ave as Pasadena incorporates new architectural styles into its housing stock, which is known more for being “conservative” than “chic.”
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.
This is my favorite condo development I’ve seen so far in Pasadena (and as I told the gentleman that gave me the tour of the place: “One of my favorite in LA, period.”) I like the Montana a lot because it really lives up to the term “luxury residences.” You see “luxury” tossed around so much these days, it’s become so cliche, and it’s diluted what the term actually means.
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: