Frost/Chaddock News

• Versailles

  Oxford Associates, LLC, an affiliate of Frost/Chaddock Developers, LLC, is pleased to announce the near completion of Versailles, a luxury, apartment-home community featuring 225 spacious, one- and two-bedroom residences and premier amenities in Los Angeles’ Koreatown neighborhood. Versailles will be available for move-ins in spring 2008. In 2004, Oxford Associates purchased, in a series of transactions, the entire city block at South Oxford Street between James Woods and San Marino, in the heart of Koreatown. Through the State’s Bonus Density program, SB 1818, Frost/Chaddock entitled the property for a total of 225 rental units with 8 units reserved for very-low-income households. The project was completed utilizing Type III construction on podium above 2.5 levels of parking.

  Pre-leasing activity indicates that Versailles will undoubtedly transform the rental marketplace in Koreatown. The residences at Versailles feature a refinement of French-Normandy-inspired architecture, spectacular views of the Los Angeles skyline, 20-foot vaulted lofts (select units), stainless-steel appliances (including refrigerator, range, microwave and dishwasher), granite counter-tops in the kitchen, travertine countertops in baths, wood-finish flooring, ceramic-tile flooring in kitchen and baths, designer light fixtures, CAT-5 pre-wiring, dual-pane vinyl windows, raised-panel interior doors, nine-foot ceilings and stacked laundry centers (most units). A variety of distinct floorplans are available.  Spanning up to 1,137 square feet, they are designed to complement practically any lifestyle…

  Posted Saturday, September 12, 2009

• Stale Real Estate market?

  Not at the recently opened and completely booked residences at 801 North.  The complex only opened June 15th, 2009.

  Alexi Waechter, Leasing Specialist, credits its unbridled success to “details, details, and more details.”  Meticulously designed to impress, this Frost/Chaddock Developers, LLC boasts an environment that offers much more than industry leading quality.  Gorgeous Italian accents and nuances exemplify the modern contemporary feel enjoyed by the 93 residents.

  801 North management regrets that they no longer have any other units available.  Tyler King, leasing consultant, was not surprised when the property opened on June 15th with 25 percent of the units rented.  With only 1 month of pre-leasing efforts, the 801 North team restructured their target full occupancy goal to September 1 and achieved it.

  Posted Saturday, September 12, 2009