A new unit in Biscuit Lofts within the LA’s Downtown Arts District has become available. Originally serving as a factory for Nabisco, the building manages to hang on to history while moving forward with modern features and amenities.
The Biscuit Lofts
Originally constructed as a factory in 1925 for the National Biscuit Company, the 7-story Biscuit Lofts community was converted to live/work lofts in 2006. The original structure was designed by E. J. Eckel at a cost of two million dollars. Shortly after its construction, the building was regarded as an architectural sensation. Today, after having undergone $25,000,000 in renovations by Aleks Istanbullu Architects, the building remains a landmark structure.
Shortly after undergoing its 2006 renovations, the building’s restoration was completed by developer Linear City LLC in 2007. The restoration of the structure took place as part of a larger effort to repurpose the industrial structures into live/work lofts. The building now features 104 of these lofts as well as a variety of amenities, including a 75-foot long saline swimming pool, a gym, one garage parking space, a community barbecue area, 24-hour security and a 24-hour doorman.
Following the 2007 restoration, the Building Lofts structure was named a historic cultural monument by L.A.’s Office of Historic Resources. As such, the building qualifies for the Mills Act Program, which offers homeowners an allowance on their annual property taxes. The building is also a popular place to live among celebrities and other notables, with residents past and present including Nicolas Cage, Vincent Gallo, Justin Lin, Michelle Shocked and David Willardson.
The Arts District
Resting on the eastern edge of Downtown Los Angeles to the east of Little Tokyo and the west of the LA River, the Arts District consists primarily of formerly abandoned industrial buildings. In recent years, the area has become popular among young professionals working within the creative industries, such as the film and television industry. This boom was partially influenced by the “Artist in Residence” or “AIR” ordinance that the city passed in 1981. Through this ordinance, industrial and commercially zoned buildings could be used for residential purposes. While artists had long been using the structures illegally as living quarters, the ordinance made the practice legal.
While the Arts District has gone through many changes over the years, it is still home of creative individuals with many employed in the film and television industry. Several television shows and movies are filmed in the district, while many artists have galleries in the community. Among these are Paul McCarthy, who has a gallery called The Box located within the community.
Buying Into the Biscuit Lofts Community
Located at 1855 Industrial Street #418 and offering 1,464 square feet of space on the fourth floor of the Biscuit Lofts, the one-bedroom, one-bathroom unit is on the market for $950,000. Soon to be featured in DWELL magazine, no expense was spared when undertaking the six-month renovation of the unit. Features include custom oil-rubbed steel doors, concrete floors and a custom kitchen featuring Carrera marble counters, two stainless steel refrigerators and a wine cooler.
Interested in learning more about housing opportunities in Biscuit Lofts or similar properties? Contact our team of real estate professionals to learn more. We specialize in luxury properties in Southern California’s most exclusive communities.
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(all data current as of 6/24/2017)
Listing information deemed reliable but not guaranteed. Read full disclaimer.