(Read more on the multifamily market.)
LINCOLN HEIGHTS, CA-Developer Creative Environments is scheduledto debut its $25-million Lacy Lofts project tomorrow, opening thedoors to 45 live/work lofts on a site that formerly housed fourindustrial buildings. The project is in the heart of historicLincoln Heights, just east of the intersection of Figueroa Streetand 26th Avenue, a block north of the Metro Gold Line 26th AvenueStation.
The new project returns residential units to a neighborhood thatwas an upscale bedroom community with lavish Victorian mansionsperched on bluffs above the Los Angeles River near the turn of the19th century. Gradually, the area went into a state of decline thatlasted for decades.
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