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To assemble an entire city block for redevelopment as adaptive reuse residential. |
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- Develop a series of staggered contracts for lease with option to purchase and purchases of separately owned adjacent property.
- Promote product type feasibility in newspapers and local forums.
- Provide market value analysis to Lenders to assist Buyer in acquisitions.
- Negotiate purchase extensions on original assemblage and Phase Two of development.
Result
Over a two-year period new adaptive reuse boom was established in Historic Core Area of Downtown Los Angeles. Single Buyer acquired block of property for residential lofts and retail uses . |
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