It was a year ago when a sales man at the Brownstone Lofts, a condo project taking shape inside a former 1920s apartment building, said most of the construction work was scheduled to be completed by the end of the year at the Angeleno Heights project next to the 101 Freeway. One sales agent said that 14 potential buyers had placed deposits of up to $5,000 to hold a unit. But those units, some of which had been priced above $800,000, remain empty as delays have left the condos, a swimming pool, spa and 60-space parking garage unfinished. An official with Brownstone Lofts blamed construction litigation – not financial problems – for the delay.
“We have adequate financing in our budget but because of contruction litigation it has pushed us back,” said the official who declined to be identified. She said that once the litigation is resolved, the project is expected to be completed next spring.