The PT LoftsSo I've been following this project for about six months now, and things are progressing.
Several months ago, the Long Beach Press Telegram (a daily newspaper) sold its 1925 building to developers who intend to renovate it and turn it into one of twin towers of nearly 500 new urban lofts. The developers have been slowly but surely getting their plan through the planning commission and city council, and it looks like construction is going to start by year's end.
For the last year or so, I've been overcome with the need to buy a home, almost to the point of serious panic and anxiety, both of which (P&A) are totally uncharacteristic of my natural disposition. The PT Loft project is my best hope for the future in terms of being able to stay local and still buy a decent home in a desirable neighborhood. The real estate market here in LA has definitely softened, but it's still frighteningly prohibitive. For example, as of last month only 12 percent of homeowners in LA County could actually afford to (re-)buy their own home. That's really scary. I'm a single woman with a single income, so it's that much harder for me, because when you get down to it, two really can live as cheaply as one, which makes it fucked if you're one.
Downtown Long Beach is going through a serious redevelopment boom which you can read about here. I've specifically targeted the PT Lofts for many reasons including budget, scale, timing, and location. Recently, I've done some of the leg work to assure that my reality is in line with my plan, and it looks like I can actually swing this. Here are some renderings of the proposal. I can't wait.
Recently downloaded from Itunes (with thanks to you-know-who-you-are for the hot Itunes gift certificate xoxo!):
"No One Knows" by Queens of the Stone Age
"Black is the Color of My True Love's Hair" by Nina Simone
"Woman" by Wolfmother
"I Bet You Look Good on the Dance Floor" by the Arctic Monkeys
"Juicebox" by The Strokes
"Dani California" video by the RHCP
"Crazy" by Gnarls Barkley
"Someday You Will be Loved" by Death Cab for Cutie
"Mother, Mother" by Tracy Bonham
"Gold: Asia" by Asia (yeah, I said it!)