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Vintage Condos See Huge Demand in Century City

LOS ANGELES—The nearly $1 billion redevelopment of the Century City Mall and new luxury condo construction has revitalized the market’s vintage residential market.

jillepstein

LOS ANGELES—The redevelopment in Century City—specifically the $800 million renovation of the Century City Mall and the addition of condo towers at the Century Plaza Hotel—have revitalized the current condo market, and attracted a new brand of buyers. Jill Epstein, a broker at Nourmand & Associates, has sold a handful of older condo units in recent months, and has noticed an emerging trend: buyers are younger and competitive to get into these heavily discounted units to take advantage of the changes in the market. To find out more about the condo market in Century City and how it is evolving, we sat down with Epstein for an exclusive interview.

GlobeSt.com: Give me a snap shot of the redevelopment going on in Century City.

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Kelsi Maree Borland

Kelsi Maree Borland

Kelsi Maree Borland is a freelance journalist and magazine writer based in Los Angeles, California. For more than 5 years, she has extensively reported on the commercial real estate industry, covering major deals across all commercial asset classes, investment strategy and capital markets trends, market commentary, economic trends and new technologies disrupting and revolutionizing the industry. Her work appears daily on GlobeSt.com and regularly in Real Estate Forum Magazine. As a magazine writer, she covers lifestyle and travel trends. Her work has appeared in Angeleno, Los Angeles Magazine, Travel and Leisure and more.

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