AD Quality Auto 360p 720p 1080p Top articles1/5READ MOREOregon Ducks football players get stuck on Disney ride during Rose Bowl event“We’re working hard and fast with the city to provide that,” said Daniel Markel, the company’s president and chief executive officer. The complex, at 5355 Cartwright Ave. in North Hollywood, looks deceptively small from the front. But once inside it seems to go on forever, with narrow concrete hallways illuminated with industrial lighting leading to doors that open to living areas filled with natural light. A stairway that was part of the original factory leads to a rooftop that features a penthouse, shallow pool, workout room, clubhouse, barbecue area and a penthouse. “It creates kind of a unique campus feeling. When you get inside you can feel lost among the unique units,” said Markel. No two units, which range in size from 600 square feet to 2,000 square feet, are alike. Rents will range from $1,100 to $3,000 a month. The complex features a two-level underground parking garage with 116 spaces. The target market is people who want to work from home. “It’s provided an upside for the generation of people who are working out of a Starbucks on their laptops. Our live-work lofts accommodate that type of young professional,” Markel said. From the north side of the complex, residents will be able to access a bike path that will stretch from Burbank to the West Valley. A metro stop is less than a mile away. The company also owns a lot across the street and plans to build 20 to 25 more loft units. “We truly believe in the North Hollywood area being one of the up-and-coming areas of Los Angeles. It started with the Screen Actors Building on Magnolia. And we’ve looked at what’s going on downtown with the lofts movement and we were fascinated by those,” Markel said. Tom Gallop, the company’s co-founder and chief operating officer, said there is a tax incentive to this kind of living. Tenants who work from their units can write off a big chunk of their rent. The DT Group is not the only developer to jump into the loft market. Los Angeles-based J.H. Snyder is building a mixed-used loft complex along the east side of Lankershim Avenue between Weddington Street and Chandler Boulevard. This project will include a Howe’s Market on Lankershim. Called NoHo Commons, it will feature 278 loft-style apartments and 14 classified “live work” units. It’s centered on the the North Hollywood Red Line station. Cliff Goldstein, a senior partner at Snyder, said retail will take up 60,000 square feet of the space, with residential accounting for 225,000 square feet. “I think its reflective of urban living. Young couples, senior couples and single professionals … will find the proximity to the transit site an attractive feature,” he said. “And we’re beginning to see younger folks coming back and revitalizing the North Hollywood area.” email@example.com (818) 713-3743160Want local news?Sign up for the Localist and stay informed Something went wrong. Please try again.subscribeCongratulations! You’re all set! NORTH HOLLYWOOD – This weekend, the DT Group’s lofty ambitions will be realized. As the Studio City-based developer likes to say, “SOHO is coming to NOHO.” That’s a catchy reference to what DT executives say is the first industrial building conversion into residential lofts in the San Fernando Valley. The company has turned the old Adolph’s Meat Tenderizer testing facility into 68 units, each with its own personality, and this weekend is hosting an open house at the complex. Initially the company will rent them, but prospective tenants have expressed interest in owning, so plans call for a second conversion, this time to condominiums.
BRITISH AIRWAYSUBS expects that British Airways’ (BA’s) strong yield recovery will continue until the end of the year after the airline showed a strong yield delivery in the first quarter, up 13.5 per cent, and surpassing European rivals. UBS said that BA is trading well post its year-end results and continues to rate the shares a “buy”.LEGAL & GENERALLegal & General (L&G) has been upgraded by JP Morgan Cazenove from “underweight” to “neutral” as its investment management business is currently performing well and is seen by JP Morgan as a valuable asset. Along with the international dividends, it should be more than funding the total group dividend, JP Morgan believes.PETROPLUSDeutsche Bank has upgraded Petroplus to a “buy” rating after the bank said that it sees value in the utility giant’s stock. This rating comes despite a 32 per cent plummet in Petroplus’ stock, which has hit an all-time low since the group’s second quarter results. Deutsche Bank said that it sees no obvious reason for the earlier fall. Show Comments ▼ BEST OF THE BROKERS by Taboolaby TaboolaSponsored LinksSponsored LinksPromoted LinksPromoted LinksYou May LikeTotal PastThe Ingenious Reason There Are No Mosquitoes At Disney WorldTotal PastNoteabley25 Funny Notes Written By StrangersNoteableyMoneyPailShe Was A Star, Now She Works In ScottsdaleMoneyPailSerendipity TimesInside Coco Chanel’s Eerily Abandoned Mansion Frozen In TimeSerendipity TimesBetterBe20 Stunning Female AthletesBetterBemoneycougar.comThis Proves The Osmonds Weren’t So Innocentmoneycougar.comautooverload.comDeclassified Vietnam War Photos The Public Wasn’t Meant To Seeautooverload.comZen HeraldThe Truth About Why ’40s Actor John Wayne Didn’t Serve In WWII Has Come To LightZen HeraldCrowdy FanShe Didn’t Know Why Everyone Was Staring At Her Hilarious T-ShirtCrowdy Fan whatsapp Tags: NULL Share Tuesday 7 September 2010 10:32 pm KCS-content More From Our Partners Brave 7-Year-old Boy Swims an Hour to Rescue His Dad and Little Sistergoodnewsnetwork.orgMark Eaton, former NBA All-Star, dead at 64nypost.comPolice Capture Elusive Tiger Poacher After 20 Years of Pursuing the Huntergoodnewsnetwork.org980-foot skyscraper sways in China, prompting panic and evacuationsnypost.comAstounding Fossil Discovery in California After Man Looks Closelygoodnewsnetwork.orgFlorida woman allegedly crashes children’s birthday party, rapes teennypost.comNative American Tribe Gets Back Sacred Island Taken 160 Years Agogoodnewsnetwork.orgA ProPublica investigation has caused outrage in the U.S. this weekvaluewalk.comRussell Wilson, AOC among many voicing support for Naomi Osakacbsnews.com whatsapp