Friday, October 01, 2010

Losing Shirt

Back in '07 a bulldozer started eating away at this dirt hill. In early '09 they finished the ugly three beige boxy houses with no front or backyard. Here we are over a year and a half later and only one has been bought. The other two sit there with alternating new realtor For Sale signs and For Lease signs. Slashed the original price in half. Trying anything.

But you can't polish a turd.

Man, what a great project. What a wonderful and thoughtful developer. Glad this developer has probably lost it all.


Tom Petty "Asshole"
Nine Inch Nails "Suck"


Anonymous Paco Bell said...

I've ridden my bicycle past many times in the past six months and there seems very little activity. Not a good location to snag drive-by looky-loos. I cannot help but wonder what price the one achieved. Note the race to the bottom in RE is still in progress.
The correctional facility architectural style kind leaves me cold.

Saturday, October 02, 2010  
Blogger Adam Bray-Ali said...

I've been in the two that are still for sale/for lease to show them to potential tenants.

They are actually pretty nice inside but the flow of the space, the crazy access to the backyard through one of the bedrooms and the overall design that doesn't connect to the area seems to be stopping buyers from jumping.

Are there any developers that got it right (in your opinion) in the last boom?

Would love to see the good examples!

Saturday, October 02, 2010  
Anonymous Anonymous said...


Re developers who got it right:

Rock Row in Eagle Rock did a nice job.

Monday, October 04, 2010  
Blogger Pasadena Adjacent said...

I'd say a development that limited the structures to one story and left some space around the home. Who wants one of these monsters next door to them blocking the light and view...who wants to look across the street at the trinity of bad design?

gads they are ugly...

The boom put some hideous monsters where I live as well. The fall out prevented more of the same

Monday, October 11, 2010  
Blogger Adam Bray-Ali said...

To the rock row, I really don't seem them as being significantly better...The faux tuscan features vs. the gray and white industrial style is simply cover for the box over garage style.

I guess the real challenge is that the building rules now are so difficult and expensive to go through that developers need to put a larger collection of homes on one space to be viable.

Here's hoping that more great homes are built

Monday, October 11, 2010  

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