Tuesday, April 21, 2009

10 Palms, Hollywood: On Sale, Concrete Not Yet Dry

As an illustration of how eager developers are to bring their product to market, a Brokers Open House for 10 Palms, a 9-unit development at 6683 Franklin Avenue in Hollywood (corner of Las Palmas) was advertised -- and cancelled because the sidewalk concrete was being poured.

Indeed, the lofts may be quite nice. They have the clean-lined look popularized in Dwell and have unique, multi-level floor plans.

A 3 bedroom, 3 bath, 2,044 sq ft unit is advertised at $995,000. A 2 bedroom, 2 bath, 1,621 sq ft unit is listed at $795,000.

The developers have every reason to be jittery -- these fine-looking lofts are competing with plenty of other product -- in Hollywood, West Hollywood and Downtown.

Updated 5/5/09: The concrete is dry and the units are ready for their close-up.