Bank Lofts San Pedro: Coastal Living without the Cost
November 21, 2007 -

SAN PEDRO, CALIF. — Think you can’t afford to live near the coast? Bank Lofts San Pedro, a new urban village in the heart of San Pedro’s renowned downtown Art District, gives beach lovers the chance to own an affordable, stylish loft located less than two miles from the beach. Currently, Bank Lofts is offering early move-ins on select units! Interested buyers are encouraged to visit the Sales Center at 388 West 7th Street in San Pedro this weekend to learn more. When they check out Bank Lofts for themselves, they’ll see why this unique urban village is one of Southern California’s best new places to call home!

“People who are looking to buy in high-priced beach cities like Manhattan Beach, Redondo Beach, Huntington Beach and Laguna Beach can own a large one- or two-story loft starting in the mid $300,000s or a penthouse starting in the high $600,000s,” said Kimberly Cyrul, Sales Manager at Bank Lofts. “Bank Lofts is really the best value around. It’s close to just about every coastal activity South Bay has to offer… surfing, sailing, fishing, jet skiing, you name it. Plus, it’s located in a vibrant, eclectic cultural center with so much to see and do.”

Future residents at Bank Lofts won’t have to travel far to live-it-up in the heart of San Pedro’s historical Art District. On the first Thursday evening of each month, the area hosts an Art Walk where visitors can stroll through the neighborhood and enjoy live entertainment, tour artists’ studios and galleries, while mingling with locals. During the day, residents can shop for fresh produce right outside their front door at the Farmer’s Market every Friday from 9 a.m. to 2 p.m. In addition, they can hunt for antiques, shop at the eclectic boutiques, and dine at many of the renowned restaurants nearby. Just a few blocks away is the gorgeous Art Deco Warner Grand Theatre—one of the city’s most popular cultural centers and host to film screenings, theatre performances and art events. Homeowners at Bank Lofts also have easy access to other popular points of interest such as Port’s O’ Call Village, an authentic New England-style seaside village with shops, restaurants, and attractions overlooking the harbor.

Consisting of 89 new lofts in two distinct buildings, Bank Lofts promises to be downtown’s new celebrity address. The 975 to 2,600 square-foot lofts offer both style and flair with dramatic 10-foot or 20-foot high ceilings (per plan), separate washer/dryer areas, dual vanities in the master bath, large walk-in closets in the master bedroom, granite countertops throughout, plus stainless steel appliances and large kitchen islands for informal dining.

Located at the corner of West 7th Street and Mesa Avenue in the historic Bank of San Pedro built in 1924, the Vault building offers approximately 3,400 square feet of ground-floor commercial space and new flats throughout the building—including some with the historic bank façade. Also available are new two-story townhomes and chic loft-style penthouses. Amenities include gated, subterranean parking, a recreation room, planned garden and fountain terraces and a rooftop terrace with a barbecue and fireplace to enjoy the gorgeous city views.

Situated on Mesa Avenue and 8th Street, the Mint building offers a residential feel with less traffic and serene views overlooking a park. Perfect for those who are searching for a combination of modernity and history, the Mint features a neo-classical architectural exterior and contemporary interior elements. Homeowners can relax and entertain their guests in the atrium that features premier landscaping, a fountain, and teak seating. Residents of the Mint have access to all of the amenities at the Vault, located just steps away.

To find out more information about Bank Lofts of San Pedro, log onto www.BankLoftsSanPedro.com. To speak with a sales associate, simply call (310) 548-6585 or visit the sales center Thursday through Monday between 11:00 a.m. and 5:00 p.m. located at 388 West 7th Street in San Pedro.

The Bank Lofts is built by Urban Pacific Group, Inc. (“UPG”), a Long Beach-based real estate development company. UPG is focused on providing urban housing through the development of adaptive reuse, in-fill and affordable housing communities in the Southern California marketplace. UPG’s managing partners are experienced industry professionals that have worked across the spectrum of residential housing development and construction. Combining a unique knowledge of high density urban infill design/construction and redevelopment agency sponsored projects, UPG excels in bringing together specialized teams in the field of inner-city infill residential development. For further information on the company, log onto www.urbanpacific.com.

Phoenix Realty Group (www.phoenixrg.com) is a national real estate investment firm that has partnered with Urban Pacific Group to develop Bank Lofts. Phoenix Realty Group has attracted significant institutional investment from many of America's leading pension funds, banks and insurance companies. PRG currently manages real estate funds that together will provide nearly $3 billion in housing and community revitalizing commercial properties.