Monday, May 07, 2007

HISTORIC WAREHOUSE CONVERTING TO CONDOS

Bisno Development of Los Angeles plans to create more than 400 condominium units in the historic Butler Brothers building across the street from city hall.
The 510,000-square-foot, nine-story former warehouse on 500 South Ervay was the city’s biggest wholesale distribution center almost a century ago. When it opened, it took more than 800 train car loads of merchandise — the equivalent of a train ten miles long — to stock the building.
The city has committed $15 million in tax increment financing funds to support the redevelopment. Ebby Halliday Realtors will market the condos, with prices ranging from $180,000 to more than $600,000.
Bisno has already begun restoring the building's original facade, removing sections of concrete and stucco exterior panels put on the building almost 50 years ago.
"It was a Romanesque building with a heavy base, arches and a crenelated top like you see on a castle. It's typical of an early 20th century style of warehouse," said Jay Firsching of Dallas architecture firm Architexas, which has done consulting work for the developers. "For 1911, it was pretty incredible."