In Brief
• Is There A Shuttle in Our
Future?
• 5 Rose
Apartments Sold
Is There A Shuttle in Our
Future?
Andy Layman of Venice
Suites and the Chamber of Commerce have initiate an effort to bring a shuttle to
Venice. A May 9 meeting on the topic brought out several Venetians and
representatives from Playa Vista (which is mandated to operate a shuttle),
County Supervisor Don Knabe’s office, and the Santa Monica Blue
Bus.
There is interest in a shuttle
both for tourists (visitors) and for residents. Everyone agreed that for a
shuttle to become a reality, it would have to have the active support of
Councilmember Bill Rosendahl.
Linda
Gamberg from the Blue Bus talked about the new Mini Blue routes they are
starting in Santa Monica. They will be modeled after the Tide Shuttle. She said
they had neither the buses nor the money to extend the service to Venice. She
estimated that the Tide Shuttle costs around $100 an hour to
operate.
No plans were made for future
meetings. The next step seems to be getting Rosendahl’s
support.
-------------------
5
Rose Apartments Sold
“Sale of
Historic Apts Tops Asking Price,” says the press release from GlobeSt.com.
It continues, “The Oceanview Apartments, a historic building originally
developed as a hotel in 1905, has sold for $300,000 more than the asking price
for the property. Sperry Van Ness brokers who negotiated the Oceanview sale
report that the property, which is adjacent to Pacific Coast Highway at 5 Rose
Ave. on the Venice Boardwalk, sold for $10.8
million.”
It claims that more
than 20 prospective buyers made offers on the building. It wrongly states that
the building “including retail on the ground floor and basement
levels.” The winning buyer was “a Los Angeles-based private investor
who acquired the property from Encino-based Urbatec in a deal that went from
listing to close of escrow in 60
days.”
The building includes 59
apartment units (most of them converted hotel rooms), “all with ocean
views, with rents ranging from $827 to $1,600.” The press release does not
mention the numerous Section 8 (low income) residents who have been there for
years.
Housing activists are
monitoring the actions of the new owner to make sure there is no attempt to kick
out the current residents. One obstacle to gentrifying the building is that
there is no parking.
Posted: Fri - June 1, 2007 at 09:00 PM