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The future of Westwood Village

The future of Westwood Village . For years the Village has been caught between anti development vs. development. These changes affect surrounding communities around UCLA including  Holmby Hills, Bel Air, Westwood Hills, The Wilshire Corridor, etc. Learn more about what is being proposed for the area.

UCLA has a proposed project which designates five sites for new construction across the Westwood campus allowing the university to meet the capacity promised by its 2016-2026 Student Housing Plan .There are more than 47,000 residents within a 3 mile radius .https://en.wikipedia.org/wiki/Westwood,_Los_Angeles https://urbanize.la/post/ucla-plans-major-expansion-student-housing-capacity

Fortunately, through neighborhood councils, residents are talking about their desire to retain the small town feel of Westwood Village vs. the new proposals for more housing. In addition,the metro station purple line and the Olympic games are coming. The future of Westwood Village includes the Armand Hammer Museum expanding. Therefore, these developments will bring more traffic and interest in the area. https://la.curbed.com/2017/1/26/14387852/hammer-museum-expansion-wilshire-renovation

Firstly, Westwood Village is surrounded by million dollar properties on all sides. The Wilshire Corridor, Little Holmby, Westwood Hills, Bel Air, to name a few. There is a lot of wealth and disposable income in the area. This is very appealing to developers. There are UCLA students and faculty. Recently at a neighborhood homeowner meeting, (October 2017 HWPOA) a UCLA  representative stated that “most students don’t bring their cars to campus.” The UCLA representative states that the new housing would not increase traffic concerns . read more…http://dailybruin.com/2017/03/12/ucla-to-propose-new-dorms-apartments-to-match-enrollment-increase/ 

Secondly, The future of Westwood Village has been surrounded by controversy about development. The Casden project, developed  many years ago, received a lot of resistance to a large project in the Village. Once approved, it provided more housing, Trader Joe’s, parking , other retailers and restaurants for the Village. In addition, the former Bullocks location houses  “supersize” Ralph’s ,parking and City Target. The increase in parking spaces helped bring more residents to the Village. Conclusively, these are all very successful projects today. Specifically, neighbors have stated even more parking would be welcome! see more..http://dailybruin.com/2004/03/11/casden-project-approved/

Also noteworthy, developers see that it could be a larger booming retail, shopping, and restaurant mecca. Historically students have not been big spenders to support retail. Interestingly, the development of City Target and Ralph’s draws large numbers of students and residents. Not Surprisingly, Trader Joe’s and its neighboring fast food stores are thriving. The project’s parking lot  is a convenience.  Specifically residents have stated that part of the lack of shopping in other parts of Westwood is due to difficulty finding parking with ease .

Thirdly neighbors and community councils have mixed feelings about retaining the small town feel the village exudes. Some residents want many more restaurants.  Residents are concerned about high rise versus low rise, traffic, over development, parking etc. Community organizations are actively discussing the proposed projects.  learn more…http://dailybruin.com/2017/09/27/ucla-students-local-residents-argue-over-proposal-to-increase-housing/

Uniquely, Westwood Village still retains a small town feel. Thursdays draw in locals and people working in the community at the Farmers Market. Surprisingly the area still has historic buildings and many low rise buildings contributing to the era gone by landmarks that sustain memories of the past.

In summary, residents question how the new UCLA proposed 20 story tower would impact the village?  http://dailybruin.com/2017/10/04/westwood-residents-concerned-over-proposals-for-new-student-housing/   Lastly, How do you feel about all the proposed future changes? What would you like to see happen?

For all your real estate needs contact https://www.caronschwartz.com  310-383-0831

farmers market westwood

The future of Westwood Village

Future Student housing Westwood Village

Wilshire Corridor Condominium Sales December 2017

Wilshire Corridor Condominium Sales December 2017 include over 14 sales. In Summary, there is 1 one bedroom, 8 two bedroom and 5 three bedroom condos sold. Each condominium sold varies in price due to location,amenities,views,upgrades, location within the building etc.

Firstly, only 1 one bedroom condo sold this month. Located in the Wilshire Selby at 10751 Wilshire Blvd, this condo has 869 sq ft with 2 bathrooms on an upper floor and sold for $557,000.00. Noteworthy, the building does not have a gym or valet parking as many buildings have on the corridor. Thus,this building has a lower HOA,(Homeowner Association fee) and price per square foot.

Interestingly, the highest price two bedroom sold for $5,850,000.00. It is in the newest building on the corridor, Beverly West. Novel state of the art kitchens, amazing views, top quality service,pool, fitness room, conference room etc. all account for the higher price. Uniquely, this unit has 4158 square feet which is very large for a 2 bedroom.  There are 3 bathrooms.

Secondly, the other 7 two bedroom condominiums sold varied in price from $667,200.00 to $1,680,000.00 .

Additionally at 10580 Wilshire, The Wilshire , there are two 2 bedroom units sold. One has 2084 sq ft, the other has 2068 sq ft. The one on the 6th floor sold for $1,680,000.00 . Furthermore, the third floor unit sold for $1,400.000.00. The difference in price had to do with floor, floor plan, location within the building and decor an finishes. Similarly, there were several other condominiums that sold in the million dollar range.

Thirdly, the 5 three bedroom condominiums that sold this month vary in price from $1,000.000.00 to $2,550,000.00 Similarly, these included condos in 10660 Wilshire- The Wilshire Manning, 10450 Wilshire -The Churchill, 10380 Wilshire- La Tour,10750 Wilshire -The Westford, and 10336 Wilshire. Consistently, Wilshire Corridor condominium sales December 2017 remain strong.

In Summary, the golden triangle has some of the most wonderful buildings in Los Angeles. The area is surrounded by Century City, Westwood Village, UCLA , Bel Air and Beverly Hills. With so many shops, restaurants, schools, freeway access, parks, golf, museums  and theaters. Thus, this area is a great location.

Conclusively,it’s important to compare values on the Wilshire Corridor. As a realtor I have the expertise to assist you with selling a unit on the Wilshire Corridor. If you are looking to buy a condo on the Wilshire Corridor I know all the buildings very well. You can view more about each building on my website or on Youtube under my name. I look forward to working with you. If you are looking to lease a condo on the Wilshire Corridor I would love to help you. Contact https://www.caronschwartz.com  310-383-0831. http://www.thewilshirecorridorcondos.com http://www.wilshirecorridorblog.com   http://www.wilshirecorridorlease.com 

Wilshire Corridor Condominium Sales December 2017

Wilshire Corridor condos

Wilshire Corridor Condominium Sales December 2017

Wilshire Corridor for sale

Luxury Condominiums Los Angeles. TheWilshire House condominium . 10580 Wilshire Blvd.

Wilshire Corridor condominium sales January 2017

Wilshire Corridor condominium sales January 2017. What has sold this first month of the year? There were 8 listings that sold on the Wilshire Corridor. Seven of the listings were 2 bedroom units and 1 three bedroom condominium sold.

Why buy a condominium on the Wilshire Corridor? Convenience, close proximity to all Los Angeles has to offer a,d security and amenities are the main reasons people like to buy on the Corridor. It’s a great value. You have amenities like gym, valet parking, security, concierge, pool, little maintenance, possibly tennis etc. You are minutes to Beverly Hills, UCLA, freeways, Century City and more.

Wilshire Corridor Sale 3 bedroom condominium

Wilshire Corridor Sale 3 bedroom condominium

Wilshire Corridor condominium sales January 2017 feature a 3 bedroom, 5 bath in the Blair house with spectacular views and 4773 square feet. This unit sold for $5,250,000,00. The condominium needed updating.

This featured condominium sold in January is located in 10727 Wilshire . This condo is located on the second floor. This condo is 1801 square feet with beautiful modern interiors.  Tree top views can be seen from this lower floor condo.

January 2017 Wilshire Corridor Sales 10727

January 2017 Wilshire Corridor Sales. 10727 Wilshire Blvd.

There were two 2 bedroom condominiums that sold in Ten Five Sixty . This condominium building on the Wilshire Corridor has amenities pool, gym, concierge, valet,etc. One condo was on the 8th floor with 1935 sq feet selling for $1,498,000. The other unit was on the 14th floor with 2152 sq feet selling for $1,595,000.  Square foot price varies between $741. and $774. Both of these condominiums had been updated.

If you are looking for a condominium for sale on the Wilshire Corridor, contact me for professional expertise at 310-383-0831.  https://www.caronschwartz.com 
http://www.thewilshirecorridorcondos.com