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VICA VICA

The eastside submarket of Silver Lake is one of the most popular neighborhoods in L.A., but it hasn’t seen the development activity other markets have. That may be changing. Los Angeles developer Barth Partners is bringing the first condo project to the market in more than a decade, VICA, a 31-unit luxury and highly amenitized condo project. There is tremendous demand for housing in Silver Lake, but developers haven’t flooded into the market in the same way that they have in Hollywood, Downtown Los Angeles and even Glendale. Justin Barth, principal of Barth Partners, says that the community hesitation to growth and the challenges building in Los Angeles has made it challenging to build in the neighborhood, but his project is supported by the community thanks to its light environmental footprint, thoughtful design, and affordable price point. We sat down with Barth to talk about the project, the development in the market and why Silver Lake may be seeing more construction activity.

GlobeSt.com: We haven’t seen a lot of development activity in Silver Lake. Why did you decide to build a condo property in the market?

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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