Phase II

Inventory Watch and Market Trends – December 2014

For the third straight year, resale inventory in Playa Vista is approaching single digits as we move toward the end of the year with only 12 resales listed as “active” per the MLS.  It is more surprising this fall since hundreds of new phase II homes have been completed and sold and the expectation had […]

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New Businesses/Restaurants Announced for Phase II

Recently retailers and a very good selection of restaurants have signed leases to locate themselves in the new Runway shopping development of Playa Vista. These businesses join anchor tenants Whole Foods and CVS as well as movie theater Cinemark, and the ever present Starbucks and Chase and Wells Fargo Banks.  Looking forward to business meetings […]

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Retail Center for Phase II Moving Forward

The California Supreme Court recently declined to hear the legal challenge to the 111-acre Village at Playa Vista, paving the way for a central shopping area providing for wide ranging services such as grocery shopping, pharmacy, restaurants, and a movie theater that the area has lacked.  This commercial element had been in the works for years but plans were stalled after […]

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Recent Trends in Buyer Demand in Playa Vista – A Plea to Developers of Phase II

In the last few months, I have noticed a few things about buyer demand trends in Playa Vista: – 2 bedroom units under $450,000 are scorching, even smaller ones. – 1 bedrooms are less in demand than previously, probably due to the large drop in prices for small 2 bedroom units. – Nice, large 3 […]

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Playa Vista Phase II Will Be Beneficial to the Community

With the news that the development of Playa Vista Phase II has been approved AGAIN, it’s time to start thinking about how this will affect property values and your quality of life as a Playa Vista buyer or home-owner. Here are some things to consider. The addition of 2,600 new homes in “The Village” will […]

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