blogdowntown 89.3 KPCC | Southern California Public Radio

Stay Connected

@blogdowntown on Twitter
blogdowntown on Facebook


 

WSJ Looks at Ralphs' Impact on Downtown

By Eric Richardson
Published: Wednesday, October 10, 2007, at 10:27PM
Ralphs Mailer Map Eric Richardson [Flickr]

It's a little under the radar since you have to be a subscriber to read the article via their website, but the Wall Street Journal took a look at Downtown today, particularly at the effect that Ralphs' has had since its opening. No particularly new ground is covered, and, as you'd expect from the WSJ, it's money-focused. Harlan Lee gives an interesting update on how Market Lofts sales are doing:

Nearly half of the lofts, whose list prices range from $423,500 to $902,500, have been sold since they hit the market about five months ago. Some 110 have closed escrow in the last two months, since Ralphs opened, Mr. Lee says.) The seven-story complex, which features a pool, fitness center, club room and plush screening room, has attracted single professionals, couples and even young families, he adds.

A random stat: The article says only 10-15% of those who've bought at the Toy Factory Lofts work Downtown.

SHARE:

Tweet This Story || Share on Facebook