Buy Or Lease, Change To Mixed Res And Com.
I am having lunch the other day with Omega whom you all remember. I am fighting to get a piece of lamb off the stick it came on. It popped off and landed in my lap.
It was at that instant something Omega said clicked a switch in my head and it was as if a great big light turned on.
He said, "It does not matter what the building is being used for if it is not at full and best function then you can intrude into its ownership and by changing the uses bring it to an even greater and more applicable use."
A little abstract, but this is on Ventura Blvd just West of the 405. Across the street is an office building which is only 80% full. I wipe the Shish ka Bob out of my lap and let my fancy have free rein.
What if I took the top two stories of this seven story building and turned them into super fancy Oh My God Lofts. Top of the top. Glassed in balconys. Special all night elevators to the parking levels. Full security of course. Would that be of interest.?
The next five stories would be offices and some of them full service in which attorneys just rent an office as the reception and all are complete with personal. Then on the ground floor a bank or investment house and a sort of indoor outdoor restaurant. Umbrellas spotted around etc etc. The building would be occupied 24 hours a day. Lights, Action, Living.
Would the area carry it? Would people really like to live in Encino? Sounds crazy but who knows. I will research it starting tomorrow.
What do you all think? I would appreciate your postings. No you do not have to be polite, just tell me what you think.
Lucius 8-) 8-)
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