August 16, 2016
Local real estate firm Vista Investment Group has announced for refurbishing two of its Los Angeles properties.
In Echo Park, Vista is restoring the Jensen Recreation Center at 1706 Sunset Boulevard as a mixed-use property featuring 46 residential units and pedestrian-oriented retail space. Ground-floor tenants in the 50,000-square-foot structure already include Sage Vegan Bistro and Blue Bottle Coffee, while a brewery concept from Sage is expected to launch in Fall 2016.
Built in 1924, the Jensen Recreation Center originally featured a bowling alley and a pool hall on its ground floor. Vista's upgrades to the building will add modern amenities to the residential spaces, while simultaneously restoring its historic elements.
Notably, plans call for the resurrection of the building's rooftop "Jensen Recreation Center," sign. With 1,300 light bulbs, it is billed as the last remaining articulated incandescent sign in the United States.
Vista has also acquired a multifamily residential property in Baldwin Hills known as "The Residences at Woodlake."
Located at 4555 W. Martin Luther King Jr. Boulevard, the property features a mixture of one-, two- and three-bedroom apartments in close proximity to stations on both the Expo Line and the future Crenshaw/LAX Line. Vista is planning "family friendly updates," to the apartment complex, including new playgrounds, an outdoor fitness area and dog park and barbeque pits.