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[ report this ]
The problem is that landlords are trying to get as much money as they can out of the spaces before the neighborhood can support those prices. Thus Downtown is still littered with empty storefronts just waiting for that Starbucks, Pinkberry or Robeks Juice to say YES to their building.
And that building doesn't just border Skid Row -- it's IN Skid Row, no matter how hard the sales team tries to bring Little Tokyo's border south.
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Alossix - I hear you. I'm at that building weekly and while it is "technically" on the "border" of Skid Row, the vibe is definitely skid row central. BUT, while there are several homeless camped out across the street and down the alleys, it is still better than a block or two up in either direction (other than in the direction of Little Tokyo itself, which, let's be honest, the Little Tokyo lofts are not even in Little Tokyo)where there are full-on tent encampments.
I agree with you on the landlord/rent thing as well - it's early days to be expecting that big businesses will take the risk to pay high rents with little foot traffic and few residents. Especially over there, where Little Tokyo Lofts is one of the only residences.