L-Hostel is Lotta Condos again

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This is a story we have been following since 2008 when Lotta Condos was declared a ‘development du jour’on real estate blog Curbed. Then the economy tanked and the developers decided to convert the ailing condominium into a successful youth hostel until it was slammed with zoning violations. We recently noticed activity inside of the empty hostel recently and we planned to put a ‘what’s up’ post up until an article landed in our inbox last night. TRD reports that an Israeli investment firm just purchased the property for just under 20 million dollars. The plan is to convert them back to condo and rental units.

This story is actually part of a more intensive post that we have working on, so look for more about Lotta Condos/L-Hostel in future posts. In the meantime, you can read more about it here.

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