Pasadena home owners with a design penchant toward the colorful, irreverent and amusing are eagerly anticipating the latest addition to the One Coronado complex in Old Town Pasadena. Rios Clementi Hale Studios, the architecture and design firm behind the delightfully designed Grand Park in Los Angeles and the Bergamot Station Arts Center in Santa Monica, has announced plans to open the third location for its product division, known as NotNeutral, in the shopping complex.
The NotNeutral shop features an eclectic selection of rugs, home furnishings and accessories, dinnerware, coffee services and textiles. With a nod toward the cheeky designs of a Jonathan Adler, the team at NotNeutral and founding partners at Rios Clementi Hale Studios work to create unique objects that are, as the firm’s website describes, “bold, idea-based, accessible objects for the everyday modern lifestyle.”
These objects include everything from a dinner plate imprinted with the metropolitan grid of international cities like Copenhagen and Rio de Janeiro to throw pillows with the stylized illustrations of the cross-section of an apple.
In honor of its new home in the heart of Pasadena, the studio will be releasing a limited-edition serving plate featuring a design that will evoke an icon of the Pasadena lifestyle: the Tournament of Roses parade. The store will occupy a completely renovated space formerly occupied by Papyrus at 20 Hugus Alley.
“With the help of some of our very talented designers, we have completely transformed the space, making it into the perfect backdrop for the clean lines and vibrant colors that people associate with notNeutral products,” said Adam G. Pierce, notNeutral sales director, to the Los Angeles Times.
Pasadena Real Estate Market Update
While the home furnishing retail outlook in Pasadena continues to improve with additions like NotNeutral, the local housing market continues to look up as well. According to the latest data from Altos Research, a California-based real estate analytics company, Pasadena’s real estate market has been on the upswing with rising prices coupled with a strong demand that is helping to sustain this market.
The median single-family home value has been on an upward trend since the early days of March, and has since climbed from $720,000 to a current value of $815,825. Helping to sustain and even drive these prices upward is a strong showing noted in Altos’ unique value known as the Market Action Index. From a neutral value of 30, this figure indicates whether a market is trending up in favor of home sellers or down in favor of home buyers.
With an MAI of 43.66, Pasadena home owners are overwhelmingly in favor, however market trends have shown that they are loosening their grip as more homes are coming to the local market and creating more competition among those who are looking to sell.
Pasadena is a community that epitomizes luxury living. If you are interested in a Pasadena home, please feel free to contact our team of property experts today!