Rundown of Condo Developments in Highland Park
Highland Park is a historic neighborhood in northeast Los Angeles, sandwiched between Eagle Rock, South Pasadena, and Monterey Hills. Usually, when people refer to this diverse, tree-lined community, it’s often looped in with adjacent neighborhoods such as Silver Lake, Atwater Village, Echo Park, and Eagle Rock, which are popular with millennials. With the arrival of several trendy cafes, hip coffee shops, eye-catching art galleries, and gastropubs over the past few years, many residential developers have started to construct condominiums in the coveted neighborhood. With walkable areas along the bustling York Boulevard and Figueroa Street, residents can easily complete their errands on-foot as well as enjoy a day out. Because of the neighborhood’s rapid growth, Highland Park is turning into a highly sought-after area for residents to live, work, and play.
Although Highland Park still isn’t exactly condo-rich, below are the neighborhood’s most notable condo developments.
NELA Plaza
Head towards the border of Highland Park and Cypress Park in a year or two and it’ll look completely different. According to Curbed, Beverly Hills-based developer Naim Associates is constructing a 100-unit condominium development at the corner of Avenue 39, Figueroa Street, and Pasadena Avenue in Highland Park. The development, called NELA Plaza, is expected to rise seven stories with five floors of residential dwellings and two floors of parking. Renderings for the project illustrate a contemporary white and red residential building complete with amenities like a rooftop lounge, pool area, barbecue decks, and several interior courtyards. The expected completion date for this development has not yet been determined as this project is still in its preliminary stages.
6040 North Figueroa Street
The upcoming NELA Plaza isn’t Highland Park’s only project currently in development. Earlier this year, plans were filed with the City of Los Angeles to approve a mixed-use development coming to 6040 Figueroa Street. Per The Real Deal, the development will be similar to many of the artist-friendly structures seen in Downtown Los Angeles, and it’s expected to feature live/work residences, retail space, and parking. The property’s existing warehouses will be demolished and replaced with a five-story complex for live/work quarters and covered parking, as well as another three-story building for retail, additional dwellings, and more parking. The project is still working out a few kinks involving assembled lots and property lines, so construction has not started yet.
Fig & Fifty Walk
When The Olson Company, a developer based in Seal Beach, first proposed to build Fig & Fifty Walk back in 2015, all eyes were on the project because it was the first of its kind to arrive in Highland Park. The new residential community is located along the popular York Boulevard, within walking distance of the corridor’s boutiques, restaurants, and cafes. Fig & Fifty Walk features approximately 29 three-story townhomes designed by KTGY Architecture + Planning. According to Curbed, home prices for the townhome units start in the high $500,000s. Even though the townhomes for Fig & Fifty Walk only recently hit the market in September 2017, the community has since been officially sold out.
Park 9
Before Fig & Fifty Walk, the only major developer in town was the Santa Clarita-based Williams Homes. After seeing Highland Park’s potential as an up-and-coming neighborhood in LA, the developer started building high-end, contemporary midcentury homes in the area called Park 9. Like the name suggests, the home community features nine two- to three-story townhomes with open floorplans, island kitchens, fire sprinklers, and solar panels, as well as city and mountain views. Since the residential development’s opening back in 2014, inventory has already sold out.
Echo Two Four
After the success of Park 9, Williams Homes decided to embark on another residential venture in the neighborhood. This time, plans would head towards Echo Street near Avenue 52 and Figueroa Street in a project called Echo Two Four. Eastsider LA reported that once the Historic Highland Park’s neighborhood council heard that the developer planned on selling 24 modern revival-style condominium homes for the affordable price of $500,000 each, this “triggered audible gasps” from the crowd. These condos feature small-lot single-family homes with amenities such as a rooftop deck, versatile floorplans, scenic views of the city, and easy access to both York Boulevard and Figueroa Street.