LOS ANGELES--(BUSINESS WIRE)--MJW Investments (MJW) today announced a strong response to the opening of its new historic lofts for sale at Santee Village (www.santeevillage.com) in the downtown LA Fashion District. The three 1920s-era buildings netted 20 reservations on the first week of showings with over 1,500 visitors touring the site along Los Angeles Street between Seventh and Eighth Avenues during an open house weekend March 10-March 11. More than 200 urban lofts are for sale in the three historic garment industry buildings that offer reduced property taxes for owners.
“Visitors told us Santee Village was true urban living and that the oversized windows, dramatic LA vistas, and stylish interiors in a courtyard setting showed we knew how to do it right,” said Mark Weinstein, president of MJW Investments. “Buyers are coming from Burbank, the Valley and Orange County because they are looking for a place with an urban vibe close to the major job centers in LA. Their occupations run the gamut from engineer to hair stylist,” he added.
Units offer a range of floor plans from 700-square-foot studios to two-bedroom, two-bath lofts and a 2,000-square-foot penthouse. “Each is artfully renovated to satisfy the modern needs or our residents while preserving vintage details. We provide the rare opportunity for buyers to create their own space in an area surrounded by art galleries, restaurants and nightclubs that are remaking downtown Los Angeles,” explained Weinstein. Prices range from the low $300,000s to over $1 million with amenities that include a rooftop swimming pool and spas, a basketball court, putting green, and barbecue areas.
West Hollywood’s Destini Café also signed a 1,092 sf retail space on the Santee Village courtyard with plans to open the coffee shop/café’s first downtown LA location.
Santee Village is a joint venture between MJW Investments and Phoenix Realty Group to provide housing affordable to middle-income households that want to live in the urban core close to jobs, mass transit and cultural sites. It is located in the heart of LA’s Fashion District, home to 90 blocks of retailers, wholesalers, designers, Hollywood stylists, shoppers and residents who strive for creativity and individuality where they live and work.
MJW Investments (www.mjwinvestments.com) specializes in revitalizing urban neighborhoods with adaptive reuse projects that incorporate housing with retail components. Since 1983, the firm’s principals have developed more than 10 million square feet of commercial and residential projects across California, Nevada, Texas and Arizona. Currently, MJW owns and manages some 500 units of housing and more than 2.5 million square feet of retail and industrial space.