Janet Neman proudly represented the seller and buyer in the sale of this mixed-use property in Downtown Los Angeles.
Milano Lofts consists of 12-stories totaling 131,433 square feet. It was built in 1925 with characteristic Beaux Arts-style elegance as the Edwards & Wildey building. The property was converted under the Downtown Los Angeles adaptive reuse ordinance to high-end, loft-style condominiums in 2005 by developer Grand Pacific Lofts, who later decided to lease them as luxury apartments. The property consists of 99 luxury, residential apartment units and over 6,000 square feet of ground floor retail space occupied by two restaurants: Industrial and Yorkshire Grill. The property was 100 percent occupied at the close of escrow and is located in the financial district of Downtown Los Angeles.