Geoff Palmer's Controversial Da Vinci Back at Work
Despite pressure from the City to sell, Geoff Palmer is making good on his promise to finish the controversial 526-unit Da Vinci Apartments. As you likely remember, the place was destroyed in a fire in December, which was later confirmed as arson. When finished, this phase will include 239 units above nearly 5k SF of retail, reports Urbanize LA. Wood framing is heading up at the Bunker Hill fortress, which is getting insurance money for the rebuild.
The first phase of the project along Temple wasn't damaged by the fire. It includes 287 units and nearly 6k SF of retail. Rents range from about $1,800/month for a studio to more than $3,800/month for a three-bedroom apartment. [URBN]