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Originally Posted by caligrad
OH I thought Ten50 was Leasing. Even better. When you call they make it sound like a leasing office haha.
Seeing how its nearly completely sold out and sold out quickly, you would assume that developers would take notice of these projects and finally see that LA, Downtown specifically, is a viable area to build condo towers and that they would be sold rather quickly, minus any economic setback.
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I think the problem is that there are so many condos coming online in the next year or two that people are hesitant to develop any more (Downtown that is). Metropolis still has another ~1,200 in it's last two buildings, Oceanwide is another 500, and then there's 200 more in 1133 Hope Street. Ten50 sold well, but it was only ~150 units; the market will have absorb more than 12 Ten50s worth of condos in the next few years just to get through what's already under construction. Crazy that all of those units are within a couple blocks of each other also.