Most of you who read my blog posts know I love the latest Planned Urban Development in Los Angeles. It has been the first one since about fifty years ago that was created and it is like a little mini city within Los Angeles with everything you can immagine. Dog Park, Community Center, Pool, Gym and numerous Restaurants and Grocery Stores to name a few.
By popular demand a few of you asked could you share more about Playa Vista, CA. So with that said I had to take some one of my previous posts and share with you a cut and paste, for those who missed it:
Playa Vista has an interesting background. Geographically it is located north of Los Angeles International Airport affectionately known by the locals as LAX. This used to be the headquarters of Hughes Aircraft Company from 1941 to 1985. Howard Hughes developed Marina Del Rey for his employees to make it convenient for them to go to work i.e.: less than two miles.
The original location of Playa Vista was the home, or should I say this is where Howard Hughes began developing and constructing the “Spruce Goose” aircraft also known as the Hughes H-4 Hercules. Prior to the Hughes Aircraft Company most of the land was wetland connected with a large salt-march also known as Marina Del Rey. These wetlands were part of the larger Ballona Creek watershed which was Playa Del Rey, Venice and part of Los Angeles.
So, it is very appropriate that today the Playa Vista development has become the go to address for technology, media and entertainment business and now affectionately known as Silicon Beach.
Just to give you an idea when Diane & I relocated from Boston, MA to Los Angeles ( 1998), Playa Vista was still mostly marshland and Dream Works had visions of building a movie Studio. The neighboring price speculations caused properties to skyrocket and then Dream Works stopped the project and so there was a huge drop in price points. In the mean time other developers were working with the city and the country to create the most modern, green development using energy saving systems and design techniques that promoted conservation. Numerous Battles with environmentalist, political back door maneuvers Playa Vista became a Reality.
These are the ones that are Re-Sale figures only. They of course compete with some of the new homes that are still coming on line. Interestingly the newer ones are a bit smaller, hence the re-sale ones become more desirable.
We have went through an adjustment period and you can see the difference in the properties pending not just in Playa Vista but neighboring communities as well.
In the big picture you can see things are not as bad as we preceive them if you look at the three year comparison it is virtually identical.
Hope you will enjoy my new Google Map which shows where Playa Vista is Geographically, between Marina Del Rey, LAX as in Los Angeles International Airport and Westchester.
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