On the westside of Centennial Park, developers have razed old homes and are putting up a number of different condo complexes. Artesia (above) is about a block away from the west entrance to Centennial Park. There will be 17 condos in the development, ranging in size from 1100+-2300+ square feet and costing from $400,000-1,200,000. You can read more about it by clicking here.
This is a nice area as it's close to two parks (Directly across from Artesia (where I was standing when I took the photo) is another smaller park. That park has a fenced dog park which was, if I'm not mistaken, one of the first dog parks in the area.), Vanderbilt, hospitals, businesses, downtown, Music Row, the freeways, and restaurants.
I have, perhaps, given the wrong idea about all this construction. I am not against condos at all. I do like the idea that developers are bringing new life to certain areas. However, I just cannot fathom who is going to buy all of these condos . . . and who can afford some of them? I also wonder, with the current mortgage crisis in this country, how many of these towers are going to end up being 1/2 completed. At least one developer has lost funding for his tower, and all construction has stopped. Luckily, they had done little more than clear the land and start digging before the stoppage.