The real estate market has turned ugly and Eagle Rock has the eyesore to prove it

A block-long row of concrete columns tower over unfinished block walls sprouting rusting strands of steel rebar. A sign at the corner of Colorado Boulevard and Linda Rosa Avenue in the eastern edge of Eagle Rock proclaims this as the site of “DHM Lofts.” But no one believes this sign anymore. And don’t bother calling those phone numbers. They don’t work. This narrow lot where the developer planned 17 side-by-side condos now serves as an unsettling symbol of the real estate bust. It’s now regarded as a neighborhood nuisance, one of many that have cropped across the Eastside as investment groups and individual house flippers delay, scale back or just walk away from projects.

“My fear is that this project will sit there for many years, degrading property values nearby and giving visitors and ER residents coming home from work and unfortunate welcome,” writes Chris Grove in the Tera e-letter.

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