Roosevelt Lofts

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727 West 7th Street, Los Angeles

Roosevelt Lofts
RooseveltBuilding-LA.jpg

Historic Roosevelt Building
Building Information
Developer Sun Realty Corporation
Architect Claude Beelman and Alexander Curlett
Management Company Greystar Real Estate Partners
Number of Units 222
Number of Floors 16
Year Built 1926
Construction Method Steel
Type of Roof IRMA
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727 West 7th Street, Los Angeles
Distance to Public Transit Around 50 bus and rail options nearby
Region Los Angeles
Municipality Los Angeles
Zoning C2-4D
Title of Land Condominium


Contents

Background

Roosevelt Lofts are located in the historic Italian Renaissance style Roosevelt building originally built in 1926. The Roosevelt Building was named after Theodore Roosevelt and developed by the Sun Realty Corporation. Organized in 1921, the president of the company was Isidor Eisner and the board included many of the most prominent bankers and financiers in Los Angeles. The Roosevelt Building was designed by architects Claude Beelman and Alexander Curlett, who were responsible for many Italian Renaissance buildings in Los Angeles. When it was first built, the Roosevelt building was the largest office building in southern California.


In 1983, the Roosevelt Building was listed in the National Register of Historic Places. In 1988 it was designated a Los Angeles Historic-Cultural Monument.[1]


In 1998 the building was purchased by Milbank Real Estate, who began the conversion of the building from commercial to residential. Legal ownership was by Roosevelt Lofts LLC. Pre-sales of the new condominiums started in 2007. In 2008, several buyers sued Roosevelt Lofts LLC for fraudulent misrepresentation and in 2009 Roosevelt Lofts LLC filed for Chapter 11 bankruptcy. Some units continued to be occupied during this time and leasing continued sporadically. Finally, in 2011, the bankruptcy court allowed the building to be sold to Greystar Real Estate Partners. Greystar finished the renovations started by Milbank and in 2012 they had their official grand opening.[2]


Location

The Roosevelt is located at the northeast corner of South Flower and West Seventh Streets in the Financial District in downtown Los Angeles. The Financial District is known for it's upscale skyscrapers and corporate headquarters. It is a convenient live/work neighborhood.


Roosevelt Lofts is within walking distance of numerous shops, restaurants, cafes, schools, and other amenities. Popular nearby locations include the Staples Center, LA Live!, Nokia Theater, Walt Disney Concert Hall, Los Angeles Convention Center, 7th Street/Metro Center Station, Pershing Square and Union Station.[3]


Roosevelt lofts are well connected with public transportation. There are numerous bus and metro stops nearby, the closest being the subway stop in the basement of the building.


Construction

Original 1926 exterior ornamentation
The Roosevelt Building was originally a twelve storey, steel-framed and 'E' shaped building with a concrete foundation. It was completed in 1926 by architects Claude Beelman and Alexander Curlett in the Italian Renaissance style. The exterior terra cotta facade has a three part design consisting of the base, shaft, and capital. The base of the building includes the ground level, mezzanine, and third story. The shaft includes stories four through ten, and the capital consists of the last two floors.


The main entrance is located in the center of the Seventh Street side of the building and is characterized by three thirty-foot tall archways divided by columns of polished purple Levanto marble. There is a balcony over the door on the fourth story. The balcony rests on scrolls and is flanked by garlands. At each end of the Seventh Street side of the building are images of a male face placed between the windows. The top two floors, or capital, have decorative panels set between the windows. The flat roof has a shallow overhanging cornice decorated with brackets. There are two steel fire escapes on the building. In both cases, the ladders have been removed, as the fire escapes are no longer used as exits.[4]


In 1998, Milbank Real Estate hired Killefer Flammang Architects to remodel the building. Their renovations included penthouses on the roof which added four stories to the building as well as a rooftop deck and pool. The interiors were completely redone to convert the former office building to condominiums, but the historic exterior as well as the lobby were preserved.


Layout and Features

Roosevelt Lofts are located in a historic building--the exterior as well as the beautiful marbled lobby showcase the 1926 Italian Renaissance revival style. Many modern features are also included, however, such as the rooftop pool and fitness center.

The Roosevelt offers flats, lofts, and penthouses with modern finishes such as Bosch premium appliances, Italian cabinetry, hardwood-style flooring, finished concrete ceilings, and designer fixtures.[5]


Floor Plans

Numerous floor plans are available of flats, lofts, and penthouses on one, two, and three floors. Several examples are below and more examples, including interactive penthouse floor plans, can be found on the Roosevelt Lofts website http://www.rooseveltla.com/plans.

Amenities

Roosevelt Lofts has an impressive amenities package. Amenities include:

  • The Roosevelt Club, featuring:

- Lounge with kitchen

- Pool & spa

- Outdoor kitchen

- Cabanas

- Outdoor fireplaces

  • Fitness center
  • Yoga/spin
  • Massage
  • Tanning
  • Zen garden
  • Conference room
  • Business center
  • Concierge services
  • Dry cleaning pick-up & delivery
  • Valet parking

Bylaws

Roosevelt Lofts Bylaws
Rentals Yes
Pets Yes
Age No
Barbecues Yes



  • Pets are allowed, but some breed restrictions apply.
  • This building allows rentals.
  • There is no age restrictions in Roosevelt Lofts.
  • The rooftop terrace is available for barbecues and there is an outdoor kitchen available.

Sustainability

Since it was built in 1926, Roosevelt Lofts was not designed as a green building.

However the conversion to condominiums did include some energy-efficient appliances in the units.

Residents can also lower their carbon footprint by taking advantage of the excellent location of the building.

Roosevelt Lofts is within easy walking distance of many shops, restaurants, bars, and cafes.

Public transportation, including a metro station in the basement, is near and plentiful.


Trivia

In 2009, Roosevelt Lofts was part of a ongoing legal dispute concerning this alley way
  • Because it is a historic landmark, Roosevelt Lofts qualifies for Mills Act property tax exemptions.
  • In 2009 there was an ongoing legal dispute between Los Angeles Community College District of Los Angeles and the Roosevelt Lofts over an alleyway off Wilshire Boulevard. The alleyway, owned by LACC, was being used as an off ramp from the Roosevelt parking garage. The LACC was ordered to allow unobstructed access of cars and pedestrians. The LACC appealed, but after Roosevelt Lofts LLC declared bankruptcy, the appeal was considered moot and the case closed.[6]
  • In 2008, several buyers filed a lawsuit against Roosevelt Lofts LLC, the then, developers of Roosevelt Lofts, seeking damages for fraudulent misrepresentation. The case settled out of court in late 2009.[7]
  • There were two Rip Off reports filed about Roosevelt Lofts in 2012 on www.ripoffreport.com. The main complaints deal with the management's poor service and their lack of response to issues with parking, cleanliness of the building, and security.[8]
  • Karin Liljegren and Justin Patwin, two of the architects who worked on the building, have purchased units at Roosevelt Flats.
  • David Arquette has an art studio in the building.
  • LA Lakers Paul Gasol and Lamar Odom, with his wife Khloe Kardashian, have units in the building.[9]

References

  1. National Register of Historic Places
  2. LA Curbed
  3. Roosevelt Lofts
  4. National Register of Historic Places
  5. Roosevelt Lofts
  6. Court of Appeal records
  7. LA Curbed
  8. Rip Off Report
  9. LA Curbed

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