The Arts District in downtown Los Angeles is getting another condominium complex soon. The Beacon Lofts will begin sales on Nov. 10, with the first move-ins expected by January, said Peklar Pilavjian of developer Alameda and Fourth, LLC.
The $20 million project at 825 E. Fourth St. will offer 53 condominiums from the low $200,000s to about $1 million, Pilavjian said. The long-in the-works project transformed a six-story, 1923 Arts District edifice into residences ranging from 650-2,000 square feet. A second phase of the project is in the planning stage.