At least five people do. That’s how many buyers have so far put down $5,000 deposits to reserve a home in the 104-unit Alta Lofts since the Lincoln Heights project held a grand opening on March 20. The former Fuller Paints warehouse – a 1920s-era structure topped off by two-floors of new construction – towers above a section of San Fernando Road where there are few amenities – though the St. Vincent’s Thrift shop down the block does draw a crowd. But the developers are counting on some dramatic interior spaces to draw more demand and deposits from young urban dwellers.
“We have also enjoyed a steady stream of traffic since the grand opening event,” said Jaime Latta with the project. “The majority of interest is coming from 30-something creative professionals who are drawn to the uniqueness of the project.”
Latta said that that the five deposits – which are non binding – to reserve space in the building have been placed on units priced around $270,000. Prices range from the $200,000 to the $500,000.
Photo by Alta Lofts