Luxury Home for Sale on the Miracle Mile in Los Angeles

Luxury Home for Sale on the Miracle Mile in Los Angeles

Checkout more on this luxury home for sale located at 405 N. Kilkea Dr. Los Angeles, CA 90048 here.

The Diditan Group is a premier residential home builder and developer with over 15 years of experience.

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History of Miracle Mile Los Angeles 90048

 The Miracle Mile district during the early 1960s

In the early 1920s, Wilshire Boulevard west of Western Avenue was an unpaved farm road, extending through dairy farms and bean fields. Developer A. W. Ross saw potential for the area and developed Wilshire as a commercial district to rival downtown Los Angeles.

The Miracle Mile development was initially anchored by the May Company Department Store with its landmark 1939 Streamline Miracle Mile Los Angeles 90048Moderne building on the west and the E. Clem Wilson Building on the east, then Los Angeles’s tallest commercial building. The Wilson Building had a dirigible mast on top and was home to a number of businesses and professionals relocating from downtown.

The success of the new alternative commercial and shopping district negatively affected downtown real estate values and triggered development of the multiple downtowns which characterize contemporary Los Angeles.

Ross’s insight was that the form and scale of his Wilshire strip should attract and serve automobile traffic rather than pedestrian shoppers. He applied this design both to the street itself and to the buildings lining it. Ross gave Wilshire various “firsts,” including dedicated left-turn lanes and timed traffic lights, the first in the United States.

He also required merchants to provide automobile parking lots, all to aid traffic flow. Major retailers such as Desmond’s, Silverwood’s, May Co., Coulter’s, Mullen & Bluett, Myer Siegel, and Seibu eventually spread down Wilshire Boulevard from Fairfax to La Brea.

Ross ordered that all building facades along Wilshire be engineered so as to be best seen through a windshield. This meant larger, bolder, simpler signage and longer buildings in a larger scale. They also had to be oriented toward the boulevard and architectural ornamentation and massing must be perceptible at 30 MPH (50 km/h) instead of at walking speed.

These building forms were driven by practical requirements but contributed to the stylistic language of Art Deco and Streamline Moderne.

The 1939 Streamline Moderne May Company Building marks the western border of the Miracle Mile and “Museum Row”.

Ross’s moves were unprecedented, a huge commercial success, and proved historically influential. Ross had invented the car-oriented urban form — what Reyner Banham called “the linear downtown” model later adopted across the United States.

The moves also contributed to Los Angeles’s reputation as a city dominated by the car. A sculptural bust of Ross stands at 5800 Wilshire, with the inscription, “A. W. Ross, founder and developer of the Miracle Mile. Vision to see, wisdom to know, courage to do.”

As wealth and newcomers poured into the fast-growing city, Ross’s parcel became one of Los Angeles’s most desirable areas. Acclaimed as “America’s Champs-Élysées,”[1] this stretch of Wilshire near the La Brea Tar Pits was named “Miracle Mile” for its improbable rise to prominence. Although the preponderance of shopping malls and the development in the 1960s of financial and business districts in downtown and Century City lessened the Miracle Mile’s importance as a retail and business center, the area has retained its vitality thanks to the addition of several museums wilshire blvd in the miracle mile los angeles 90048
and commercial high-rises.

An Art Deco style bank at 5209 Wilshire was built in 1929, and joined a select other Miracle Mile buildings when listed on the National Register of Historic Places. It was designed by the architecture firm of Morgan, Walls & Clements, which also designed the Wiltern Theatre, the El Capitan Theatre, and other notable buildings in Los Angeles.

Note: According to historian David Leighton, of the Arizona Daily Star newspaper the Miracle Mile in Tucson, Arizona derives its name from Los Angeles’ Miracle Mile.

Attribution goes to Wikipedia for the History of Miracle Mile 90048

Follow the Zillow link here: http://goo.gl/xakcNa to checkout more on luxury homes for sale in the Miracle Mile Los Angeles 90048.

 

Create a Plan for Maximizing Your Investment

Strong economic indicators along with greater demand are two extremely important factors to look for when deciding to build your luxury home—whether you’re buying it for your personal use or strictly as an investment.

Why?

Because if and when you decide to sell your property, you want to be in a place where there is enough demand to be able to secure a premium price and return on your investment. Right now, Los Angeles is one of the few places in the country where these conditions exist in a strong enough fashion to lend confidence to smart building projects.

In fact, Los Angeles has taken its place in the list of “The Top 10 Booming Markets for Real Estate Development” across the country and comes in at number 9 in Moneywatch’s Top 10 Luxury Real Estate Markets around the world.

By | 2017-01-18T16:26:18+00:00 November 17th, 2016|los angeles, luxury homes, luxury real estate|1 Comment

About the Author:

Arie Abekasis - Founder of the Diditan Group Inspired by years of experience in the fashion industry, Arie Abekasis infuses the elegance and beauty of the Mediterranean into his company's portfolio of homes. The Diditan Group builds stylish homes in a range of sizes, from condominiums to sprawling estates. They design, build and finance fine Tuscan, Modern, Contemporary, Cape Code and Mediterranean-style luxury homes, condos and investment properties with the assistance of the top engineers, architects and craftspeople in the home building field. Offering nearly unlimited customization preferences, Arie Abekasis strives to provide superior craftsmanship, calling upon well-established architects, engineers, and designers to erect homes with all the sophistication, elegance, and functionality demanded by today’s discerning consumer. Along with providing comprehensive luxury living directly inspired by the enchanting ambiance of Italian countryside, creating an innovative internal and external atmosphere of beauty and serenity remains Arie Abekasis’ ultimate goal. Moreover, working harmoniously with Diditan Financial, an organization established in 2007 with a purpose of granting customers potential access to effective financial assistance, Diditan Group makes securing an affordable, hassle-free loan easier than ever. For a preview of residental and commercial properties built by Arie visit: https://plus.google.com/+Arieabekasis/collections.

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