LOS ANGELES, March 7, 2017 /PRNewswire/ -- TEN50, the highly-anticipated residential tower in downtown Los Angeles, began welcoming its first residents to the building last week. Developed by Trumark Urban and designed by celebrated firms HansonLA and Handel Architects, the 25-story tower in downtown's bustling South Park neighborhood offers 151 one- and two-bedroom condominiums and an unparalleled collection of amenities. Since launching sales in mid-2016, TEN50 has been addressing the for-sale housing shortage in a market that has seen tremendous growth over the last five years. The building will welcome more than 100 new homeowners over the coming weeks.
"We couldn't be more excited to welcome our first residents to the neighborhood. High-rise living is changing; Los Angeles is changing, and our homeowners have embraced this evolution," said Arden Hearing, Managing Director at Trumark Urban. "The sales success that we've experienced to date speaks volumes to the demand for for-sale housing in downtown Los Angeles and the desire of Angelenos to live in the midst of a thriving culture scene all set in a convenient, walkable location."
Among the resort-style amenities that residents now have access to is "The Fifty", an approximately 13,000-square-foot indoor/outdoor lounge that flows seamlessly from the plunge pool to the tranquil yoga garden with sweeping city views. This sixth floor amenity terrace gives way to manicured green spaces, barbecue grills, fire pits and private dining/lounge areas perfect for everyday relaxation and intimate resident events. The country's first high-rise, residential drone landing pad also sits on the outdoor deck where residents will be able to coordinate drone deliveries via their smartphone. Residents also have access to a state-of-the-art fitness center, business center, screening room and more upon move-in.
"We looked around at several condominiums in South Park but we didn't love the open loft style residences we were seeing. Once we saw TEN50, we knew nothing else would compare," said new homeowners Albert and Jessica Alikin. "We love the functionality of having an enclosed floorplan. Best of all, the building will only have 151 units, making it a more intimate community. We both work nearby and love that we can avoid the worst part of living in Los Angeles — sitting in traffic!"
Trumark Urban is also proud to support their long-standing partnership with charity: water, a non-profit organization dedicated to bringing clean and safe drinking water to people in developing countries. For every 50 homes built, Trumark Urban provides and serves 200 people with fresh, clean water. In total, 600 people will have safe drinking water as a result of the homes purchased at TEN50.
An event was held on February 23 to celebrate the grand opening of TEN50 with more than 400 people in attendance. The Sales Gallery is located at 1057 S. Olive Street and is open to the public seven days a week. Pricing for the one- and two-bedroom homes starts from the $600,000s and ranges up to over $4 million for penthouses.
About Trumark Urban
Trumark Urban develops high-density condominiums and commercial projects in global gateway markets with a focus on core urban neighborhoods close to jobs, transit and local businesses. With offices in San Francisco and Los Angeles, the firm has a portfolio of over 1+ thousand condominiums and 1+ million square feet representing over $1+ billion investment commitment. www.trumarkurban.com
The Trumark Group of Companies is a diversified real estate developer and builder with expertise in land acquisition, homebuilding, community design, entitlements and office, R&D and retail development. Trumark has raised more than $460 million of equity and funded 25 projects since the depth of the recession in 2009. www.trumarkco.com
Trumark Homes is a new generation homebuilder that is nimble, focused and unburdened by broken projects of the past. Its pipeline exceeds 2,000 lots in core in-fill areas of California, representing more than $2.8 billion in future revenue. www.trumarkhomes.com, TruBlu Blog, Facebook, Twitter, LinkedIn
Trumark Communities is a residential land development platform focused on acquiring, developing and selling improved lots in master planned communities. Its current pipeline includes three master planned communities with a combined 2,100 lots that represent total projected revenue in excess of $500 million. www.trumarkcommunities.com.
Trumark Commercial, which builds, leases and sells commercial buildings, has entitled or developed approximately two million square feet of office, R&D, retail and hotel properties in the northern portion of the Golden State. www.trumarkco.com
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