Monday, December 1, 2008

NoHo Tower A Lonely Place

The San Fernando Valley Business Journal reports that three years behind schedule and following flip-flops between going condo and then back to rentals, the NoHo 14 Tower across from the Metro Station now has four residents.

According to the Journal an 850 square foot one bedroom unit goes for $2300 a month. Most of the neighboring new properties go for less than that. As the paper notes a similar unit at the much tonier Americana at Brand in Glendale is about the same rate.

In the meantime JSM, the developers of the Tower, have sold three other developments in NoHo and is reportedly "on-hold" with their most recent development at Vineland and McCormick.

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