A US property developer has carved a niche in the country’s struggling property sector by targeting “under-valued” real estate investment opportunities in Los Angeles.
Creative Environments of Hollywood (CEH) is offering the likes of Cosmo Lofts in Hollywood, a conversion of a 1920s furniture warehouse, and Westmoreland Lofts, a former fabric dye factory.
The firm specialises in developing old buildings ignored by other firms and turning them into contemporary apartments, creating unique investment opportunities. CEH vice president of finance Zachary Schneiderman said:
“We leave nothing to chance. We have inhouse architecture, design, development, construction and property management. By controlling all the variables, we control cost, quality, timing and service.”
“We see value where others do not, in neighbourhoods often overlooked. We never lose sight of our responsibility to our partners, our tenants and our communities.”
CEH’s newest development is Lacy Studio Lofts, based in Lincoln Heights, one of Los Angeles County’s oldest districts. The former industrial site has been converted into 47 distinctive units, with commercial and residential apartments available.
The design focuses on the “transformation of modest industrial materials into chic modern details” and features exposed wood beam ceilings with brick walls, custom steel spiral staircases, sleek Italian cabinetry and polished concrete floors.
Related posts:
