View Full Version : DOWNTOWN NEWS AND UPDATES


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Westsidelife
October 23rd, 2006, 02:18 AM
I never realized how far behind the discussion was here from that of SSP until now. At SSP, there is a continual discussion of all that is going in Downtown Los Angeles. In an effort to keep everyone informed and updated with the latest news, I have created this thread. This thread will feature the latest news in Downtown Los Angeles development, articles, photo updates, and commentary. When there is no new news, I would encourage general discussion about Downtown Los Angeles. Those who never venture outside SSC need not worry anymore about missing all the news and updates!

Westsidelife
October 23rd, 2006, 02:28 AM
In case you didn't know about these, here are the best websites regarding Downtown Los Angeles news and updates. They are frequently visited by the LA forumers at SSP.

blogdowntown
http://www.blogdowntown.com/

Los Angeles Downtown News*
http://www.downtownnews.com/

Downtown Center Business Improvement District**
http://www.downtownla.com/

Curbed LA
http://la.curbed.com/

*The Los Angeles Downtown News is updated regularly every Friday evening.

**I highly recommend checking out the DTLA interactive map.

Westsidelife
October 23rd, 2006, 02:34 AM
Some of you guys missed colemonkee's last photo update.



On another note, they put up more glass on Market Lofts.

http://img145.imageshack.us/img145/6200/ralphs20061015pz1.jpg


And the Roosevelt Lofts are getting close to opening up their sales center - in the retail space of the building - which gives you an idea of what the streetscape might look like with an upscale store or restaurant.

http://img223.imageshack.us/img223/8803/roosevelt20061021sm3.jpg

LosAngelesSportsFan
October 23rd, 2006, 03:24 AM
How about the sticky thread? i post regular updates on it.

Westsidelife
October 23rd, 2006, 03:29 AM
Well, I was thinking this thread be also for businesses opening up as well as life in Downtown Los Angeles, somewhat similar to blogdowntown. The other sticky is limited to projects/construction. Photo updates do seem to make it to SSC but news about retail, restaurants, cafes, etc. don't make it here.

Fern~Fern*
October 23rd, 2006, 03:35 AM
^^ Since "some" of us don't venture out of SSC at all. WS you have to fill us in and bring us up to date........

Westsidelife
October 23rd, 2006, 03:37 AM
No problem. I want the forumers here to be equally excited and in the know of what's going on in our great Downtown. I just don't think LA forumers here are as active as those at SSP.

Fern~Fern*
October 23rd, 2006, 03:53 AM
No problem. I want the forumers here to be equally excited and in the know of what's going on in our great Downtown. I just don't think LA forumers here are as active as those at SSP.



^^ Show us what you got!

colemonkee
October 23rd, 2006, 04:30 AM
^ Sure thing.

Here's a photo update that I posted in the World Highrise and Develpments forum. For future updates, that's where I will post them.

Before I get too far, there are NO pictures of Market Lofts or Concerto here, because neither of
them made any visual progress over the last three weeks. Work is ongoing on both, they just look
the same as last time.

Let's start in South Park...


Evo

Working on the third floor.

http://img163.imageshack.us/img163/4416/evo20061022hl0.jpg



Luma

Luma's getting to the point where it's starting to take shape, so I took a lot of shots this time around.
Looking north along Hope, two or three stories left until it tops out.

http://img344.imageshack.us/img344/7859/luma200610221ib6.jpg

More facade is going up. We should get a better feel for how this will look in a few weeks.
So far, not bad, but nothing to write home about.

http://img357.imageshack.us/img357/6672/luma200610223du7.jpg

It's officially taller than Elleven.

http://img45.imageshack.us/img45/7109/luma200610224dl5.jpg

And it's starting to make an impact from Figueroa.

http://img45.imageshack.us/img45/1558/luma200610225xa8.jpg


SBC Center - Reclad

More of the "translucent" metal panels have gone up. I guess it looks okay.

http://img323.imageshack.us/img323/8913/sbc200610221ge7.jpg

Old vs. New

http://img221.imageshack.us/img221/7752/sbc200610222pu9.jpg


LA Live

A Dirrrty pano. Scroll -> --> --->

http://img208.imageshack.us/img208/6398/lalive20061022panoed6.jpg

Work on the Nokia Theater is progessing nicely.

http://img344.imageshack.us/img344/3236/lalive200610222vk5.jpg

http://img128.imageshack.us/img128/5885/lalive200610221ji6.jpg


Hanover Tower

The usual angle. The residential floors look a bit short to be a Storm Trooper. Or "luxury".

http://img301.imageshack.us/img301/2650/hanover200610221sl5.jpg

Looking west down Olympic. The FIDM Tower will eventually rise between Hanover and the Met, in the center of this shot.

http://img60.imageshack.us/img60/1080/hanover200610222wc6.jpg



Now to the north end of downtown.

Colburn Expansion

Looking up from Hill. It's hard to tell because of the shadows, but they've installed the glass around the
skybridges in the center. It's the same glass they put on the corner that faces Grand Ave.

http://img81.imageshack.us/img81/4332/colburn200610221ei0.jpg

The low rise portion that connects to the original school. I like how the glass reflects Disney Hall.

http://img196.imageshack.us/img196/1748/colburn200610222vv1.jpg


Pan American Lofts

They've been going like gangbusters lately on the bottom floor. The inside is finally getting fitted out,
and they've primered the bottom floor in preparation for a paint job. Notice the retail windows have
been installed along 3rd Street.

http://img183.imageshack.us/img183/8207/panamerican20061022pa5.jpg

LosAngelesSportsFan
October 23rd, 2006, 05:02 AM
Well, I was thinking this thread be also for businesses opening up as well as life in Downtown Los Angeles, somewhat similar to blogdowntown. The other sticky is limited to projects/construction. Photo updates do seem to make it to SSC but news about retail, restaurants, cafes, etc. don't make it here.


Sounds good. Maybe we can make this a sticky too.

FROM LOS ANGELES
October 23rd, 2006, 05:34 AM
Well, will the photo updates be posted on the DT development thread too? Yes this thread should become a sticky.
Nokia is really starting to show it's presence, Luma as well. Imagine these photo updates a year from now.....nice ;)

Joey313
October 23rd, 2006, 05:37 AM
we should have a photo update on the future skyline
have not seen those in awhile

Westsidelife
October 23rd, 2006, 05:38 AM
^^Yes, they should be posted in the DT development thread also. Hopefully colemonkee will make this a habit posting in this thread as well.

The Baz
October 23rd, 2006, 09:17 AM
Great updates!

Westsidelife
October 23rd, 2006, 11:40 PM
Starbucks to open at Elleven next week!

http://i61.photobucket.com/albums/h61/11jp/starbucks.jpg

Westsidelife
October 23rd, 2006, 11:48 PM
Lilya China Bistro is to open maybe this week or next week at the Higgins Building in the Civic Center.

http://img48.imageshack.us/img48/9184/lilyabistro20061014iv3.jpg

Westsidelife
October 24th, 2006, 12:10 AM
I definitely believe the area around the Higgins Building will be full of activity because Pitfire Pizza is already at the Higgins Building and Lilya China Bistro will open there as well either this week or next week. The Edison opened today according to colemonkee. It's located in Harlem Place Alley, also at the Higgins Building.

Pitfire Pizza

http://static.flickr.com/29/54780617_d6af04c63c.jpg?v=0

http://static.flickr.com/26/44402332_f95bd5c01a.jpg?v=0

http://static.flickr.com/56/254474768_0dd3c67c75.jpg?v=0

The Edison
http://www.edisonbar.com/

10/20/06



http://img81.imageshack.us/img81/2844/edison200610201jr6.jpg

http://img90.imageshack.us/img90/16/edison200610202mv0.jpg



10/22/06



http://img170.imageshack.us/img170/6122/edison200610221hf8.jpg

Joey313
October 24th, 2006, 12:10 AM
there is almost 1000 starbucks why are there so many

Westsidelife
October 24th, 2006, 12:15 AM
Because there are practically no restaurants/cafes/coffee shops in South Park. Plus, it's at Elleven where many new DTLA residents live and will probably grab their cup there daily.

Westsidelife
October 24th, 2006, 12:34 AM
Downtown is also getting two Famima!!'s, one at the Pacific Center on 6th Street, between Grand and Olive. The other one will be located at 800 S. Figueroa St., next to Roy's Restaurant and across from the 777 Tower. For those who don't know, Famima!! is a high-end Japanese convenience store that's popping up all over the LA.

Shots from blogdowntown:

6th Street

http://static.flickr.com/31/262615967_14e10520f0.jpg?v=0

http://static.flickr.com/89/262616001_fc5fbeeca4.jpg?v=0

800 S. Figueroa St.

http://static.flickr.com/112/265277533_d9ec5d1432.jpg?v=0

Westsidelife
October 24th, 2006, 12:39 AM
7-Eleven is coming to Downtown and will be located at the Mandel Lofts on 7th Street.

Shots from blogdowntown:

http://static.flickr.com/97/262344670_47c30ecae1.jpg?v=0

Mandel Lofts

http://static.flickr.com/49/127732074_04b6a38e52.jpg?v=0

Elsongs
October 24th, 2006, 12:52 AM
7-Eleven is coming to Downtown and will be located at the Mandel Lofts on 7th Street.

Shots from blogdowntown:

http://static.flickr.com/97/262344670_47c30ecae1.jpg?v=0

Mandel Lofts

http://static.flickr.com/49/127732074_04b6a38e52.jpg?v=0

Downtown Slurpees! A 7-11 on 7th!

I'd also like to see a Trader Joe's downtown!

klamedia
October 24th, 2006, 03:28 AM
We're basically watching a city be (re-)born.

Fern~Fern*
October 24th, 2006, 03:30 AM
At this paste we should see a 99 cent store Donwtown anytime soon!

klamedia
October 24th, 2006, 03:34 AM
:toilet: At this paste we should see a 99 cent store Donwtown anytime soon!

paste........

godblessbotox
October 24th, 2006, 03:36 AM
wooo!

phattonez
October 24th, 2006, 03:40 AM
At this paste we should see a 99 cent store Donwtown anytime soon!

Thank you for lightening up my day.

Fern~Fern*
October 24th, 2006, 03:45 AM
:toilet:

paste........



Ooooooops........ good looking out!

Joey313
October 24th, 2006, 06:58 AM
Downtown Slurpees! A 7-11 on 7th!

I'd also like to see a Trader Joe's downtown!

what if 7th street and 11th street crossed (of course not true)
then they built a seven eleven on the intersection hhahahahlol that would be cool
it woud be the all time 7-11

Elsongs
October 24th, 2006, 07:22 AM
what if 7th street and 11th street crossed (of course not true)
then they built a seven eleven on the intersection hhahahahlol that would be cool
it woud be the all time 7-11

We have numbered avenues that go north-south from Mid-Ciy south to Inglewood. Unfortunately 7th Avenue ends before it can intersect with 11th St...

FROM LOS ANGELES
October 24th, 2006, 07:43 AM
With all these cafes and restaurats, etc popping up everywhere in the hood; no one talks about those dt life pioneers like Petes cafe, that one Grill something near Fig and some other ones. I like the idea of a 7 11 dt, it sort of 'suburbaninzes' dt.

Elsongs
October 24th, 2006, 10:29 AM
With all these cafes and restaurats, etc popping up everywhere in the hood; no one talks about those dt life pioneers like Petes cafe, that one Grill something near Fig and some other ones. I like the idea of a 7 11 dt, it sort of 'suburbaninzes' dt.

In many Asian cities there's many urban storefront 7-11s...They're apparently trying it out in the US now.

A lot of typically suburban chains are starting to establish urban versions of their stores... Best Buy, ToysRUs (they have one in Santa Monica I believe).

LosAngelesSportsFan
October 24th, 2006, 08:53 PM
yes, the 7-11 in Long Beach is an example of an urban 7-11. nothing about 7-11 duburbanizes Downtown. Its not like its surrounded by parking lots.

By the way, if you guys have a chance go check out the Liberty Grill. its really good.

Joey313
October 25th, 2006, 01:33 AM
update on asia trip


Los Angeles mayor says Asia trip lays foundation for future ties



Los Angeles Mayor Antonio Villaraigosa said on Monday that his recent East Asia trip would enhance economic ties and that it had secured 300 million dollars in foreign investments for the city.

The 14-day, nine-city mission to China, Japan and South Korea laid the foundation for the future economic development of Los Angeles with the cooperation of its East Asian partners in trade and tourism, he said.

Leading a team of 45 business leaders, Villaraigosa launched a tourism promotion campaign in Japan, and opened a tourism office in Beijing, the first of its kind in China.

"L.A.'s relevance as a world class, international city will be driven by our willingness to engage in the economic forces driving globalization," he said.

In China, the delegation also visited the site of the 2008 Olympics in Beijing in a bid to build support for Los Angeles' bid for the 2016 games.

The mayor said he was impressed by the efficient public transit systems throughout Asia. "This focus on public transit is where the future of L.A. has to be, and it was great going to Asia to reaffirm that," he said.

The trip also motivated the mayor to invest in architectural landmarks similar to the Walt Disney Concert Hall in downtown Los Angeles.

"L.A. has to recommit itself to great architecture," the mayor said. "We have got to start saying to our architects and to our developers, we've got to re-imagine what L.A. looks like."

godblessbotox
October 25th, 2006, 02:59 AM
i like everything he said!



...now if only i could get my work to send me to china japan and south korea

ArchiTennis
October 25th, 2006, 03:55 AM
yes, the 7-11 in Long Beach is an example of an urban 7-11. nothing about 7-11 duburbanizes Downtown. Its not like its surrounded by parking lots.

By the way, if you guys have a chance go check out the Liberty Grill. its really good.

duburbanize...lol

klamedia
October 25th, 2006, 04:14 AM
AV clearly understands the future for LA.

Westsidelife
October 25th, 2006, 04:28 AM
^^Yes! He has such a vision for Los Angeles. I like how he is encourage high density villages at rail stations but I'm concerned about architecture. Take Noho Tower. It's not exact architecturally beautiful.

http://static.flickr.com/88/246042740_4a294ee012.jpg?v=0

But we have these new toilets at the North Hollywood Red Line station! I love these. They have these all over London. I was thinking we could have these all over downtown. Maybe for the new Civic Park and possibly Pershing Square.

http://static.flickr.com/10/16033928_236e2a88ce.jpg?v=0

Fern~Fern*
October 25th, 2006, 04:44 AM
http://static.flickr.com/10/16033928_236e2a88ce.jpg?v=0




^^ That's not helping when you want to encourage Angelinos to stop driving and take metro....
:ohno:

archd1
October 25th, 2006, 06:01 AM
7-11 is good but what about FAMIMA? I thought they were opening in downtown as well?

Westsidelife
October 25th, 2006, 06:02 AM
They are! That's way better than a 7-11!

archd1
October 25th, 2006, 06:14 AM
Do you know where?

Westsidelife
October 25th, 2006, 06:27 AM
I says on the first page. There will be two Famima!!'s, one at the Pacific Center on 6th, between Grand and Olive and the other will be a 800 South Figueroa, across from the 777 Tower and adjacent to Roy's Restaurant.

The Baz
October 25th, 2006, 08:33 AM
Anyone know what's going on in Westchester right at the old Furama Hotel!?!

Westsidelife
October 28th, 2006, 12:13 AM
From SSP:

The Starbucks at Elleven offically opened today. :banana: Went this morning for my Soy Chai Latte (so LA i know) and it was packed. Seems everbody was venturing out to see the amazing addition to South Park. :cheers: :banana:

They said their hours are still being worked out but they plan on being open on Monday thru Saturday. 5:30AM to around 7ish (even they couldn't tell me their specific hours)

LosAngelesSportsFan
October 28th, 2006, 02:00 AM
according to a poster at Curbed, the Famina next to Roys can open in a day or two. everything is on shelves and stocked.

Westsidelife
October 28th, 2006, 02:08 AM
WOW!!! Great news! I don't know why I'm so excited to hear that but I just am!

Westsidelife
October 28th, 2006, 03:12 AM
Pics by k3d from SSP:

http://img218.imageshack.us/img218/9747/img0471oy8.jpg

http://img218.imageshack.us/img218/4994/img0473zl2.jpg

godblessbotox
October 28th, 2006, 03:16 AM
ooooo! i like those pictures! i need to get a part time job as a security guard so i can wander around all the buildings downtown and snap some snazzy pictures!

Caliguy2005
October 28th, 2006, 08:34 AM
Great Projects ! I hope L.A continues to build upwards :-)

RBR
October 28th, 2006, 01:31 PM
So what you guys think of the color scheme for ralphs? I think its okay, could be better though.

archd1
October 28th, 2006, 06:42 PM
So what you guys think of the color scheme for ralphs? I think its okay, could be better though.

what else can you do?

Fern~Fern*
October 28th, 2006, 06:55 PM
So what you guys think of the color scheme for ralphs? I think its okay, could be better though.





I'm not really feeling those colors...... Some dark chocolate with some metal plates to give it a 3D design. That's what I like!

Elsongs
October 28th, 2006, 10:25 PM
Ralphs is the right supermarket chain to return to downtown. After all the first Ralphs was on 7th and Broadway.

Of course they need some more competition!

ArchiTennis
October 28th, 2006, 11:19 PM
So what you guys think of the color scheme for ralphs? I think its okay, could be better though.

I'm not into the caca hues...they're like caca brown and caca yellow

Reluctantpopstar
October 29th, 2006, 06:29 AM
^^Yes! He has such a vision for Los Angeles. I like how he is encourage high density villages at rail stations but I'm concerned about architecture. Take Noho Tower. It's not exact architecturally beautiful.

http://static.flickr.com/88/246042740_4a294ee012.jpg?v=0

But we have these new toilets at the North Hollywood Red Line station! I love these. They have these all over London. I was thinking we could have these all over downtown. Maybe for the new Civic Park and possibly Pershing Square.

http://static.flickr.com/10/16033928_236e2a88ce.jpg?v=0

They are putting one in at the Pershing Square Red Line stop right now!

(Southeast corner Fifth and Hill where the subway entrance is).

And I don't mind the NoHo Towers. Doesn't really sing to me, but I think it looks aight. Reminds me of Miami Beach...

Westsidelife
October 29th, 2006, 06:44 AM
I think it looks alright, but I want something that pops out more. We have the opportunity to create an architecturally beautiful Los Angeles because there are many dead spots, mostly surface parking lots.

Westsidelife
October 29th, 2006, 06:45 AM
Wouldn't those toilets attract the homeless?

LANative
October 29th, 2006, 07:17 AM
I like the idea of installing toilets near subway stations all over the city, pretty soon all metro subway stations will have one.

archd1
October 29th, 2006, 08:49 AM
A few years ago, the city had a plan to provide about 100 public, self-cleaning toilets all over the city. Primarily to discourage homeless people and others to pee or defecate in public. They were made in France, so I wonder what happened to that plan.....

godblessbotox
October 29th, 2006, 08:36 PM
...yah thats a fun sight.
first time i came to LA, i went to the convention center. while i was walking towards the main entrance i came across a nice load of human... man i was great

Fern~Fern*
October 29th, 2006, 08:46 PM
...yah thats a fun sight.
first time i came to LA, i went to the convention center. while i was walking towards the main entrance i came across a nice load of human... man i was great



^^ I can imagine......... it was such a shocker that you almost ran back home and packed your bags for Michigan!

godblessbotox
October 29th, 2006, 09:34 PM
sure? no this was befor i moved here.. about a year befor. i was here for two weeks during siggraph

spicytimothy
October 29th, 2006, 09:51 PM
gosh... on offense to n e one who's already living dt, but i sure am waiting for all these supply to hit the market and the price plummet... thaz when i'm gonna get myself a nice lil loft :-D

soup or man
October 29th, 2006, 09:56 PM
Wouldn't those toilets attract the homeless?

I used that toilet. You pay a quarter, the door opens and you enter. First thing you notice is that aside from the toilet and sink, everything is wet and smells like lime. Once you finish pissing or sittinng (or both), you leave and the door closes and the toilet cleans itself in like 2 minutes. It's motion captured so it won't wash until you leave.

LANative
October 29th, 2006, 11:19 PM
^^ Thats pretty neat. Its good the new toilets are self-cleaned.

Fern~Fern*
October 29th, 2006, 11:33 PM
I used that toilet. You pay a quarter, the door opens and you enter. First thing you notice is that aside from the toilet and sink, everything is wet and smells like lime. Once you finish pissing or sittinng (or both), you leave and the door closes and the toilet cleans itself in like 2 minutes. It's motion captured so it won't wash until you leave.




^ Do these toilets come with central air/heat???

ArchiTennis
October 29th, 2006, 11:34 PM
I used that toilet. You pay a quarter, the door opens and you enter. First thing you notice is that aside from the toilet and sink, everything is wet and smells like lime. Once you finish pissing or sittinng (or both), you leave and the door closes and the toilet cleans itself in like 2 minutes. It's motion captured so it won't wash until you leave.

eww..u used a public toilet? I am SO caca-shy....I have to hold it till I get home :nuts:

Fern~Fern*
October 29th, 2006, 11:37 PM
eww..u used a public toilet? I am SO caca-shy....I have to hold it till I get home :nuts:



^^ I'm the complete opposite, I don't have a problem dropping the kidz in the pool...:lol:

soup or man
October 29th, 2006, 11:42 PM
eww..u used a public toilet? I am SO caca-shy....I have to hold it till I get home :nuts:

If I have to pee then yes. However, I'm not going to shit in a public toilet. And even if it's an emergency, my cheeks will hover just above the seats. I'm not going to risk getting AIDS of the ass and me run around assless.

Elsongs
October 29th, 2006, 11:59 PM
If I have to pee then yes. However, I'm not going to shit in a public toilet. And even if it's an emergency, my cheeks will hover just above the seats. I'm not going to risk getting AIDS of the ass and me run around assless.

Tip: The cleanest public bathrooms are found in hotel lobbies. If you need to go, look for a hotel.

archd1
October 30th, 2006, 02:35 AM
^^^...or The Grove or Disney Hall....

logan1
October 30th, 2006, 06:48 AM
I live in on 5th and Broadway. Saw the Pershin Square bathroom. They plumbed it to the sewer. I didnt know they were self washing. I feel better now. They look nice old school style. Afraid homeless will camp out around the bathroom. I guess I can watch people go to the bathroom on the rooftop of my building. Ive seen alot of changes last year in downtown. for the better. By the way I dont think prices are going to fall. downtown is still a good market. A lot of wealthy foreigners are buying dtwn. Overall Im ok with the bathrooms. Gives people some dignity when they have to do the deed! Hopefully it cuts down the urine smell in the morning on Broadway!

Fern~Fern*
October 30th, 2006, 07:11 AM
I live in on 5th and Broadway. Saw the Pershin Square bathroom. They plumbed it to the sewer. I didnt know they were self washing. I feel better now. They look nice old school style. Afraid homeless will camp out around the bathroom. I guess I can watch people go to the bathroom on the rooftop of my building. Ive seen alot of changes last year in downtown. for the better. By the way I dont think prices are going to fall. downtown is still a good market. A lot of wealthy foreigners are buying dtwn. Overall Im ok with the bathrooms. Gives people some dignity when they have to do the deed! Hopefully it cuts down the urine smell in the morning on Broadway!



Hey you live not too far from Grand Central Market. We bought fruit, veggies, and fresh fish from there before.... Have you ever had those two pounds of carne asada gigantic tacos...Mmmmm!

Westsidelife
October 31st, 2006, 09:49 AM
From SSP:

So Blogdowntown (http://blogdowntown.com/blog/2396) now reports the Famima!! at 8th and Fig is opening tomorrow. Wow, that was quick!

A couple of photos:

http://static.flickr.com/104/284244713_06cc0d9eac.jpg?v=0
http://static.flickr.com/114/284244606_016caeb0f4.jpg?v=0

godblessbotox
October 31st, 2006, 11:31 PM
^^what the hell is that?

soup or man
November 1st, 2006, 01:59 AM
Judging by the sign, I'm guessing it's a convenience store.

godblessbotox
November 1st, 2006, 02:04 AM
a designer convenience store?

overpriced cheetos?

Elsongs
November 1st, 2006, 04:05 AM
It's based on a convenience store chain in Japan. The parent company of the Famima!! franchise is based in Japan.

Don't you guys know all the answers are on the web?

http://www.famima-usa.com/

LosAngelesSportsFan
November 4th, 2006, 04:43 AM
Titan Closes Escrow on Towers

By DANIEL MILLER
Los Angeles Business Journal Staff

The Titan Organization Inc. has taken another step towards building its pair of $500 million luxury apartment towers in downtown Los Angeles’ South Park district.

The company, formerly known as Rodmark Inc., has closed escrow on a 58,000-square-foot property at the southeast corner of Grand Avenue and Olympic Boulevard where the Olympic and City House will be built. The towers will be tallest residential buildings on the West Coast when completed.

Titan, a Los Angeles-based high-rise developer, purchased the property from owner Jim Myron for $30 million and hopes to break ground in summer 2007.

The two towers – one 60 stories the other 49 – will total 800,000 square feet and contain 320 units. The towers will be fashioned in the New Beaux Arts style.

Phillip Sample, Michael Shustak and Chris Caras of Grubb & Ellis Co. represented Titan in the deal.

Fern~Fern*
November 4th, 2006, 06:20 AM
Titan Closes Escrow on Towers

By DANIEL MILLER
Los Angeles Business Journal Staff

The Titan Organization Inc. has taken another step towards building its pair of $500 million luxury apartment towers in downtown Los Angeles’ South Park district.

The company, formerly known as Rodmark Inc., has closed escrow on a 58,000-square-foot property at the southeast corner of Grand Avenue and Olympic Boulevard where the Olympic and City House will be built. The towers will be tallest residential buildings on the West Coast when completed.

Titan, a Los Angeles-based high-rise developer, purchased the property from owner Jim Myron for $30 million and hopes to break ground in summer 2007.

The two towers – one 60 stories the other 49 – will total 800,000 square feet and contain 320 units. The towers will be fashioned in the New Beaux Arts style.

Phillip Sample, Michael Shustak and Chris Caras of Grubb & Ellis Co. represented Titan in the deal.






:applause: It's become a reality..... Yay!!!!!

The Baz
November 4th, 2006, 09:19 AM
:banana: :banana:

LANative
November 4th, 2006, 09:33 AM
Downtown L.A. is hot right now!

archd1
November 4th, 2006, 08:33 PM
The Brookfield Gambit

With Purchase of Trizec Complete, New York Company Makes Big Downtown Plans, Including a 7+Fig Renovation

by Kathleen Nye Flynn

When New York-based Brookfield Properties Corp. chose Los Angeles for its West Coast hub, it did so with a bang. Last month, the firm closed an acquisition of Trizec Properties for $4.8 billion. In the process, it gained three Downtown high-rises and an outdoor mall that together hold more than 4 million square feet of office and retail space. Brookfield now owns Bank of America Plaza at 333 S. Hope St., the Figueroa at Wilshire property at 601 S. Figueroa St., Ernst & Young Plaza at 725 S. Figueroa St. and its adjacent 7+Fig shopping mall. The latter will soon undergo a major renovation.

This tacky mall (7+Fig ) sure needs a major redo....there is no reason why people would want to hang-out in the complex....

http://ladowntownnews.com/articles/2006/11/06/news/news06.txt

Westsidelife
November 5th, 2006, 12:06 AM
From blogdowntown:

http://static.flickr.com/105/288793841_e0ffdf3b97.jpg?v=0

Mandel Lofts Revealed

I have to admit there were times when I thought the scaffolding might just never come off the Mandel Lofts building. The project had dragged on and on, with no new information (other than the occasional "going a new direction with the ground floor").

There was work going on, sure, but it never seems substantive. They'd paint something, or brick in the spots for signage, but nothing that seemed important.

Then suddenly today the building emerged from its hiding. Instantly that corner looks so much better. I haven't peeked inside to see how work might be coming on that 7-Eleven, but from across the street it looks very nice.

archd1
November 5th, 2006, 12:10 AM
^^ Do you have a picture of the entire building? Sure looks nice, but a 7-11 here???

Westsidelife
November 5th, 2006, 02:30 AM
Mandel Lofts

http://static.flickr.com/49/127732074_04b6a38e52.jpg?v=0

This was posted on blogdowntown some weeks ago:

http://static.flickr.com/97/262344670_47c30ecae1.jpg?v=0

Downtown's Getting a 7-Eleven

It looks like Downtown is going to be getting a 7-Eleven, and that's something I can get excited about. Walking home yesterday I took the south side of 7th to check out a notice that had been posted on the Mandell Lofts building (7th and Olive). It turned out to be the A.B.C. notice pictured at right.

Say what you want about new, trendy, healthy stores, the bottom line is that I'm going to give more business to a 7-Eleven than I am to most anything else you would put on that corner. Your selections on places to go to buy a soda and a candy bar are more limited in this part of Downtown than they should be, and the places that do sell that sort of thing get away with completely ripping you off. Rite-Aid sells many of their 20oz sodas for $1.49. You can get a heck of a lot of Big Gulp for that much.

Update (11:30am): Just after posting this I walked over to Rite-Aid to get a soda and found that they've raised the price on their 1 liter sodas from $1.49 to $1.69 or $1.79. This changes a weird situation where they had 20oz for $1.39 (Coke products) or $1.49 (Pepsi products) and the 1 liters for $1.49.

Elsongs
November 5th, 2006, 06:49 AM
Downtown's Getting a 7-Eleven



It's too bad they didn't locate the 7-11 a few blocks south, just so they can call it "7-Elleven" :)

danparker276
November 6th, 2006, 08:03 PM
My friend works with the owner of that building and said the 7-11 will look nice and be kept up. He said the mayor was against opening one up there.

croyboy
November 6th, 2006, 10:57 PM
^^ it doesn't surprise me... some people are thrown off by the idea that 7-11 is a place everyone drives to. i would like a 7-11 in downtown

Fern~Fern*
November 7th, 2006, 04:41 AM
Ikea should be next in Downtown......

godblessbotox
November 7th, 2006, 05:13 AM
bah... ikea is just a bunch of particle board garbage. and there couches are terribly uncomfortable

Fern~Fern*
November 7th, 2006, 05:29 AM
bah... ikea is just a bunch of particle board garbage. and there couches are terribly uncomfortable



^^ I hate to ask what you do that makes them very "Uncomfortable"...

:baeh3:

croyboy
November 7th, 2006, 06:50 AM
ferney, you're going into territory that many of us refuse to venture through... about botox :lol:

godblessbotox
November 7th, 2006, 07:20 AM
the fact that they are made of shity wood or low grade alluminum. covered by a two inch rat fur pillow.

...nice try at taking the conversation to another subject

FROM LOS ANGELES
November 7th, 2006, 07:49 AM
Ha, its like this is always becoming a one on one Ferney vs. Botox which is to certain degree enjoyable :D

Fern~Fern*
November 7th, 2006, 07:51 AM
Fine..... let's stick to the topic then. Where do I get a cheap bus pass to travel in LA?

godblessbotox
November 7th, 2006, 08:49 AM
man you should have asked that a few weeks ago. i got a mailer from the MTA for a week of free transport... i may still have it. not sure if it expires

archd1
November 7th, 2006, 08:55 AM
Ferney, I'm sure you can afford the $3.00 day pass. As I've mentioned before, park your car at the Green Line Aviation Station and take the green to the Blue to the Red and Gold lines. This might be the best time to try the system since you are on "vacation".....adios!

Fern~Fern*
November 7th, 2006, 09:09 AM
man you should have asked that a few weeks ago. i got a mailer from the MTA for a week of free transport... i may still have it. not sure if it expires


^^ Thanks Mr Botox...... I also got a similar package from MTA a couple of months ago. A free week pass and some travel pack with a letter. There only good for a week and that's it. I guess I'll just wait until I get my next free week pass.

Fern~Fern*
November 7th, 2006, 09:12 AM
Ferney, I'm sure you can afford the $3.00 day pass. As I've mentioned before, park your car at the Green Line Aviation Station and take the green to the Blue to the Red and Gold lines. This might be the best time to try the system since you are on "vacation".....adios!



^ Good looking out Archd1....:drunk:

klamedia
November 7th, 2006, 10:49 AM
Why do they continue to send them to people who are afraid to set their shoe upon a sidewalk. Oh yeah, I guess you two would be considered the coveted "choice rider".:down:

croyboy
November 7th, 2006, 05:01 PM
they don't need to convince the rest of us to take mass transit... though it would be nice to get a free pass.

Westsidelife
November 8th, 2006, 02:16 AM
From blogdowntown:

http://static.flickr.com/110/291800663_458f928d70.jpg?v=0

Pan American Lofts Revealed

This seems to be the week for buildings to be unveiled Downtown. The wooden covering came off the Mandel Lofts building this weekend and now today I biked by the Pan American Lofts to see that building's ground floor also being opened up.

It's going to take a bit for me to decide if I like that stark brown on peach color scheme. Definitely good to see construction clearing from both the Pan American and the sidewalk work across the street.

Westsidelife
November 8th, 2006, 03:57 AM
An account of Downtown Los Angeles from SSP:

What is really going on? I drove through downtown for the first time in 3 wks and in just that short amount of time I saw some big changes. First of all, Famima is open on Fig and the other one on sixth looks like it might open next month. Starbucks just opened in Elleven; Hanover is getting really tall now along with Luma, and the concerto site's hole is crazy deep, alot deeper than before; the Expo/Aqua Metro rail line to culver city started construction, the Nokia theater at LA live is on its third floor along with Evo; Market lofts are coming along nicely and almost the entire Historic Core is clean [Minus a few bleak spots]. The entire downtown is being repositioned, stores are closing with newer, better ones opening up every moment. I drove through the historic core and more & more buildings are being converted. Old facades with run down stores are closing up as the buildings get redone. Pacific Electric's facade is lit up and now they are repositioning the street-level retail. Sorry, I would take pictures, but I only go downtown at night. And now, news of Titan closing escrow on City house... Its all so much after only 3 wks. CRAZINESS!!!!!!

By the way, I was reading the LA Times and read that Brookfield properties acqired some other company here to get a foothold in our downtown market. I remembered that there was speculation around Maguire proposing his latest tower (new 755 tower) in order to generate interest from them so that he could be bought. Brookfield was even quoted on how they felt about the market and what they feel on this new tower. They now have control over 7+Fig as well as a few towers. Brookfield was also quoted stating that they are going to completly redo 7+Fig with bigger/better tenants. Does anyone know how this news will affect Maguire and this new tower he is proposing?

Fern~Fern*
November 8th, 2006, 04:45 AM
Why do they continue to send them to people who are afraid to set their shoe upon a sidewalk. Oh yeah, I guess you two would be considered the coveted "choice rider".:down:



^ Hey people change, nothing wrong with that. I've been so excited about the Expo & LAX Line my SUV will remain parked in the garage. I'm also considering taking those Orange Buses on Sepulveda...... :banana:

FROM LOS ANGELES
November 8th, 2006, 07:45 AM
So what do you guys think about the bottom of the Pan American Lofts? Personally I hate it, but its better than what was there before. It just looks so cheap, like if it was made out of foam imo.

godblessbotox
November 8th, 2006, 07:48 AM
^^ha. your right, maybe its just that picture

Westsidelife
November 8th, 2006, 07:56 AM
It could just very well be the picture. Here is a photo that was taken by Upward:

http://webfiles.uci.edu/cfagan/ssp/la1104/IMG_4051.jpg

As you can see in the distance, the peach base is not as bright.

phattonez
November 8th, 2006, 08:06 AM
Why does that picture look not so real? That blue truck in front is throwing me off.

Westsidelife
November 8th, 2006, 08:08 AM
It looks very real to me. Take a look at the Pan American Lofts. Doesn't the base color somewhat match the original exterior?

godblessbotox
November 8th, 2006, 08:11 AM
sorry to sound like a boob. but what is that long grey building behind pan amo?


the one with the tunnel

Westsidelife
November 8th, 2006, 08:12 AM
I don't know but it sure is ugly! :)

LosAngelesSportsFan
November 8th, 2006, 08:51 AM
its gonna look so much better when Zen is built right behind it. :)

archd1
November 8th, 2006, 07:39 PM
Zen Tower? That's the proposed 50 or so story building right? Is that a go?

LosAngelesSportsFan
November 8th, 2006, 08:47 PM
suppose to break ground in early 2007 according to a rep at their office when i called a couple of months ago.

Fern~Fern*
November 9th, 2006, 04:45 AM
Zen is suppose to break ground in early 2007. That's not to assuring since we are like less than 2 months away from 2007. I would figure it was a done deal and the ground would be ready for the big dig. Let's just hope we get some news confirming the exact day of the ground breaking ceremony. Can't wait.


On another note Pan~American choice of color for the ground store is hedious. What where they thinking, it makes the building look cheap.

FROM LOS ANGELES
November 9th, 2006, 04:59 AM
Originally Posted By Godblessbotox
what is that long grey building behing the pan amo?
Isnt it part of that big big big apartment concourse.
Going back to the pic, imagine that pic with Zen and phase 2 of the G.A.P [2 35 or so story towers], now it would look really dense.

ArchiTennis
November 9th, 2006, 06:10 AM
Zen is an all glass tower right? I wonder what it will look like...

godblessbotox
November 9th, 2006, 07:07 AM
GAP? i cant find that in the news and developments... Grand avenue project maybe?... but what is phase 2?

FROM LOS ANGELES
November 9th, 2006, 08:07 AM
Yes GAP = Grand Av. Project, sorry it's my lazyness. Phase 2 is the Grand Promade Apartments Towers 2 and 3. It's a project not really mentioned but that I'm obssed with.

klamedia
November 9th, 2006, 07:46 PM
Those are some really high dense apartments rising in the pictures. Those were most likely built in the 80's, I like them very much. They look practical and affordable.

soup or man
November 9th, 2006, 08:40 PM
^ Those are senior apartments. Angeles Crest or something.

FROM LOS ANGELES
November 10th, 2006, 08:14 AM
Build in the 80's right??

Joey313
November 10th, 2006, 10:34 PM
do you guys know anything about this

http://i58.photobucket.com/albums/g280/Joey313_photos/L-2.jpg

All i know is this.

Ministry of Trade

Mayor Villaraigosa meets with officials from the Korean Ministry of Foreign Affairs and Trade, to discuss the "Superblock" project that will be developed in Los Angeles. The total value of the project is approximately $250 million.

croyboy
November 11th, 2006, 01:41 AM
what superblock project?

FROM LOS ANGELES
November 11th, 2006, 09:47 AM
A little update.
Luma gots glass ;)
http://i56.photobucket.com/albums/g189/FROMLOSANGELES/oxnard158.jpg
Luma is on its 16th floor
http://i56.photobucket.com/albums/g189/FROMLOSANGELES/oxnard154.jpg
bonus on Luma
http://i56.photobucket.com/albums/g189/FROMLOSANGELES/oxnard122.jpg
The South Group reunited as a family
http://i56.photobucket.com/albums/g189/FROMLOSANGELES/oxnard078.jpg
Evo on its 4 th floor
http://i56.photobucket.com/albums/g189/FROMLOSANGELES/oxnard060.jpg
The South Group took a crane out!! It used to be 3 now just 2 :(
http://i56.photobucket.com/albums/g189/FROMLOSANGELES/oxnard172.jpg
The hole between Evo and Elleven is deep!
http://i56.photobucket.com/albums/g189/FROMLOSANGELES/oxnard087.jpg
Want a coffee?
http://i56.photobucket.com/albums/g189/FROMLOSANGELES/oxnard104.jpg
The hole at Concerto is getting really deep. Only a little equipment can be seen.
http://i56.photobucket.com/albums/g189/FROMLOSANGELES/oxnard067.jpg
bonus
http://i56.photobucket.com/albums/g189/FROMLOSANGELES/oxnard058.jpg
The recladding of the SBC Center
http://i56.photobucket.com/albums/g189/FROMLOSANGELES/oxnard051.jpg
As seen from afar
http://i56.photobucket.com/albums/g189/FROMLOSANGELES/oxnard145.jpg
LA Live full speed
http://i56.photobucket.com/albums/g189/FROMLOSANGELES/oxnard049.jpg
LA Live is mostly at ground level
http://i56.photobucket.com/albums/g189/FROMLOSANGELES/oxnard152.jpg
Bonus
http://i56.photobucket.com/albums/g189/FROMLOSANGELES/oxnard161.jpg
Nokia at its fullest
http://i56.photobucket.com/albums/g189/FROMLOSANGELES/oxnard116.jpg
The Hanover and its impressing speed!
http://i56.photobucket.com/albums/g189/FROMLOSANGELES/oxnard170.jpg
The Ralphs and its paint .......
http://i56.photobucket.com/albums/g189/FROMLOSANGELES/oxnard085.jpg
Just a couple more months!!
http://i56.photobucket.com/albums/g189/FROMLOSANGELES/oxnard102.jpg
More Glass
http://i56.photobucket.com/albums/g189/FROMLOSANGELES/oxnard093.jpg
The most Dubaish pic of LA
http://i56.photobucket.com/albums/g189/FROMLOSANGELES/oxnard125.jpg
Well that's it folks. Hope this is the first of many updates.

godblessbotox
November 11th, 2006, 10:48 AM
holy shit hanover is getting up there quick!

ralphs paint looks ugly as sin

croyboy
November 11th, 2006, 10:55 AM
dang!! wasn't hanover half that size last week?

FROM LOS ANGELES
November 11th, 2006, 05:24 PM
Isn't on its 16 or 17 floor same as Luma? But Luma had a 3 floor advantage at the begining, now thtas speed!

soup or man
November 11th, 2006, 06:21 PM
Awesome update. Luma has 1 more floor left.

godblessbotox
November 11th, 2006, 09:18 PM
alright its a bit late. could not work on it during the week.
i think its too skinny and i did not really have anything to go on, so....
http://i8.photobucket.com/albums/a22/godblessbotox/zenpooh.jpg

Westsidelife
November 11th, 2006, 10:58 PM
Hey, great job! But you could extend it all the way behind the Pan American Lofts! :)

ArchiTennis
November 12th, 2006, 01:01 AM
alright its a bit late. could not work on it during the week.
i think its too skinny and i did not really have anything to go on, so....
http://i8.photobucket.com/albums/a22/godblessbotox/zenpooh.jpg

Looks very good!!

Westside - Is it really going to be that wide? I thought it was one of the more slender buildings getting built?? I could be wrong

And thanx for the photo update! So why IS Hanover being built faster than all these other projects?

Westsidelife
November 12th, 2006, 01:10 AM
The scaling is wayyy off. Take a look at how wide it is compared with the Pan American Lofts. That's way too skinny. I'm sure the tower would be at least as wide as the Pan American Lofts. Do you see it now?

godblessbotox
November 12th, 2006, 02:04 AM
you are very good at encouraging further rendering...

you know i had basicly nothing to go on

ArchiTennis
November 12th, 2006, 02:11 AM
you are very good at encouraging further rendering...

you know i had basicly nothing to go on

finally!! someone knows what I went through!! :lol:

ArchiTennis
November 12th, 2006, 02:37 AM
On another note:

Study Of Downtown Project Forecasts Crime, Traffic
(CBS) LOS ANGELES The environmental study of ambitious plans to develop Grand Avenue in downtown Los Angeles found a serious risk of increased crime, worsened congestion and noise, as well as a wider gap between the rich and poor, it was reported.

Current plans for the development call for 2,000 housing units and a new administrative building for Los Angeles County, or 2,600 housing units without the county building. There would also be a half-million square feet of retail space, a hotel and a 50-story tower.

A 16-acre park between the Music Center and City Hall would also be developed, paid for with $50 million provided by a private developer.

The Environmental Impact Report, produced by the Grand Avenue Authority, sees construction starting in 2007 and finishing by 2015.

Ben Beach, an attorney for the Legal Aid Foundation of Los Angeles said that community groups representing low-income residents in downtown have raised concern the project would not provide broad community benefits.:ohno:

"We have a well-established precedent in L.A. that major projects involve developers and public officials working with the community to create meaningful public benefits," Beach said. "It's a view widely shared by community groups that this hasn't happened with this project.

"And having reviewed their final EIR, it continues to assume that luxury housing and low-wage jobs means people will be able to live where they work. The community knows this is just not true."

The report notes that increases in residential and working population in the area would reduce the police officer-per-resident ratio and increase the crime-per-officer ratio; the latter of which could nearly triple, from 20 to 57.



"This level of increased demand would substantially exceed the LAPD's capacity to provide services from the Central Area station," the report says.

The project would worsen traffic and parking problems and add to school overcrowding, according to the report. :ohno:

The report quotes various organizations raising concerns about the project, ranging from the removal of mature landscaping and historical artifacts to the effect on the homeless and poor in the area.

"The low-income downtown have been largely ignored in this downtown renaissance," said Becky Dennison, co-director of the Los Angeles Community Action Network.

Authority officials have countered that the project would improve the jobs-housing balance and its location near the subway and bus lines would encourage use of public transportation.

Tony Bell, spokesman for Supervisor Michael D. Antonovich, said the supervisor remains concerned about the ultimate bill for taxpayers.

"Evidence suggests that the taxpayer is getting a raw deal," Bell said. "The land is going for a lot cheaper than it should. We're concerned that the out-of-state developer is getting a better deal than the county taxpayer."

The state Department of Fish and Game raised concerns that the project could disturb migratory birds that nest in large trees in the area from February through August. The birds are protected by international treaty. :ohno:

I've been in the area many, many, many times and not once have I noticed a bird other than a pigeon. What the hell are these people takling about? And peopel are saying that "the project would not provide broad community benefits" WTF?!

LosAngelesSportsFan
November 12th, 2006, 03:01 AM
that article is fromt he biggest rag paper this side of the NY Post. The LA Daily news is adament about writing everything negative about the change and positives in DT LA and the city of LA. they onlyhighlighted the negatives and most of those are extrememly exagerated. the per crime of the whole city would not go up from 20 to 57 per cop just because of this project, just a ridiculous claim, rather if read more carefully, it was about one police station. Also, these things are very exageratted and slanted towards possible problems. the article didnt even highlight all the good that would come with it. thats why i hate the Daily News, a garbage paper.

danparker276
November 13th, 2006, 09:17 PM
Won't the grand ave park bring more trees and places for birds?
And they're building a brand new police station.

I guess it's not much of a story if it's a positive one.
I think more people will read:
"Study Of Downtown Project Forecasts Crime, Traffic"

compared to
"Study Of Downtown Project Forecasts less Crime, and less Traffic"

FROM LOS ANGELES
November 14th, 2006, 05:28 AM
What I dont understand is why they're fighting for a park for the site of the LAPD, if the Grand Av. Pro park proposed next to it.
More info
http://forum.skyscraperpage.com/showthread.php?t=69393
SSP has a whole thread on it.

Westsidelife
November 14th, 2006, 07:20 AM
Well more park space would be nice. But I prefer the LAPD Headquarters instead. What I really want is for the two courthouses surrounding the Civic Park to be demolished because they are both eyesores and limit pedestrian accessibility. By removing those two buildings as well as all the other structures that surround the park, the park would more than double in size!

Westsidelife
November 16th, 2006, 12:19 AM
From blogdowntown:

http://static.flickr.com/99/298183046_58b5cbd0a1.jpg?v=0

Jewelry Trades Coming Into View

Scott saw my posts last week about revealings at the Mandel Lofts and Pan American Lofts and sent in word of even more Downtown bits suddenly coming into view.

Yesterday morning he watched as crews took down the barricade from the 5th street side of the Jewelry Trades building, soon to be the new home of the Rite-Aid from across the street. Compare the photo from that old post with the one here to see how much nicer the building's looking.

Scott also noted that Broadway is back to its umimpeded state, with construction from the sidewalk support work all cleared up and the lanes repainted.

Westsidelife
November 16th, 2006, 12:20 AM
From blogdowntown:

http://static.flickr.com/119/298183687_143df8a9bc.jpg?v=0

All About Colors

As I mentioned the other day, I'm unsold on the color scheme of the Pan American Lofts building. I took some new photos this morning, and I like it better than I did the first time, but I'm still not ready to stake an opinion.

When I did first see the colors I thought instantly of Angels Flight. Today I checked and sure enough my memory was correct -- the railway sports a peach coloring with black accents. Whereas the Pan American tends toward the pinker side of peach, though, Angels Flight goes toward orange.

The Pan American site says that "The exterior facing 3rd St and Broadway will be restored based on the rules of the downtown conservancy." In the comments for the last post Jay Platt from the Conservancy says that they haven't had any talks about how the building should be painted. Hmmm...

For more fun go to the Pan American site and check out the Surrounding Area page. That "Arco Plaza" shot is possibly the worst choice they could have come up with while still at least having the buildings in frame.

Westsidelife
November 16th, 2006, 12:24 AM
More views from blogdowntown:

http://static.flickr.com/109/298184026_f538c38d27.jpg?v=0

http://static.flickr.com/101/298183436_dd7edb2b0c.jpg?v=0

Westsidelife
November 16th, 2006, 12:26 AM
I still find the base to be rather cheap-looking. But from those views and angles, it looks much better to me than it did initially.

LosAngelesSportsFan
November 16th, 2006, 12:57 AM
very good news..

Herbalife to Move Downtown

By DANIEL MILLER
Los Angeles Business Journal Staff

Herbalife Ltd. is moving to downtown Los Angeles in a boost to the L.A. Live development next to the Staples Center.

The company will move its headquarters from Century City when construction on the downtown project is completed in early 2008. The 10-year lease deal at the 4-million square foot mixed use development calls for the weight loss and nutritional products company to occupy 60,000 square feet in a five-story office building.

“This is terrific,” said John McAniff, a managing director with Jones Lang LaSalle Inc., a real estate services firm with a presence downtown. “It’s further validation of downtown.”

Herbalife did not return calls seeking comment. However, the company is not expected to move its other local operations in Torrance and Carson.

The $2.5 billion L.A. project, being developed by billionaire Philip Anschutz’s AEG, will feature a variety of offerings – from restaurants and office space to broadcast studios and concert space.

The value of the lease deal was not disclosed.

leftcoaster
November 16th, 2006, 01:50 AM
On another note:

Study Of Downtown Project Forecasts Crime, Traffic
(CBS) LOS ANGELES The environmental study of ambitious plans to develop Grand Avenue in downtown Los Angeles found a serious risk of increased crime, worsened congestion and noise, as well as a wider gap between the rich and poor, it was reported.

Current plans for the development call for 2,000 housing units and a new administrative building for Los Angeles County, or 2,600 housing units without the county building. There would also be a half-million square feet of retail space, a hotel and a 50-story tower.

A 16-acre park between the Music Center and City Hall would also be developed, paid for with $50 million provided by a private developer.

The Environmental Impact Report, produced by the Grand Avenue Authority, sees construction starting in 2007 and finishing by 2015.

Ben Beach, an attorney for the Legal Aid Foundation of Los Angeles said that community groups representing low-income residents in downtown have raised concern the project would not provide broad community benefits.:ohno:

"We have a well-established precedent in L.A. that major projects involve developers and public officials working with the community to create meaningful public benefits," Beach said. "It's a view widely shared by community groups that this hasn't happened with this project.

"And having reviewed their final EIR, it continues to assume that luxury housing and low-wage jobs means people will be able to live where they work. The community knows this is just not true."

The report notes that increases in residential and working population in the area would reduce the police officer-per-resident ratio and increase the crime-per-officer ratio; the latter of which could nearly triple, from 20 to 57.



"This level of increased demand would substantially exceed the LAPD's capacity to provide services from the Central Area station," the report says.

The project would worsen traffic and parking problems and add to school overcrowding, according to the report. :ohno:

The report quotes various organizations raising concerns about the project, ranging from the removal of mature landscaping and historical artifacts to the effect on the homeless and poor in the area.

"The low-income downtown have been largely ignored in this downtown renaissance," said Becky Dennison, co-director of the Los Angeles Community Action Network.

Authority officials have countered that the project would improve the jobs-housing balance and its location near the subway and bus lines would encourage use of public transportation.

Tony Bell, spokesman for Supervisor Michael D. Antonovich, said the supervisor remains concerned about the ultimate bill for taxpayers.

"Evidence suggests that the taxpayer is getting a raw deal," Bell said. "The land is going for a lot cheaper than it should. We're concerned that the out-of-state developer is getting a better deal than the county taxpayer."

The state Department of Fish and Game raised concerns that the project could disturb migratory birds that nest in large trees in the area from February through August. The birds are protected by international treaty. :ohno:

I've been in the area many, many, many times and not once have I noticed a bird other than a pigeon. What the hell are these people takling about? And peopel are saying that "the project would not provide broad community benefits" WTF?!


When progress occurs, there is always a naysayer with an agenda--and be sure that they will come up with all kinds of "studies" to support their opposition. And rest assured when it comes to development, most of them will claim it's "unfair to the poor" or "hurts the environment", the canards from the Left that are the equal in B.S. to the Right's "family values" and "community standards". You'll find often that these "advocates" are funded by private developers of low-income housing. Blah, blah, blah...

Westsidelife
November 16th, 2006, 02:04 AM
Here's a photo of that public toilet being installed at Pershing Square. Photo from blogdowntown:

http://static.flickr.com/104/298184854_1e451b1b19.jpg?v=0

Joey313
November 16th, 2006, 02:07 AM
will these restrooms sonn be all over the city ??

Westsidelife
November 16th, 2006, 02:13 AM
will these restrooms sonn be all over the city ??

Probably only at metro stops. But I'd also like to see these in heavily congested areas. London has these all over their city and San Francisco has some on Market St. IMO, these are great. Each time it is used, the toilets are automatically washed. Also, many worry when's the next time they will need to use the restroom. This public toilet allows for easy access to a clean facility.

redspork02
November 16th, 2006, 02:36 AM
OOOhhh my. i used these types of restroom while waiting for a trolley in san fran. very neat and clean i liked the idea of having them!! I wished l.a. had them and now its coming true, now if the can make Pershing Square feel like Union square that Would be my hang out!!!!!!! (heres to wishing!!)

redspork02
November 16th, 2006, 02:43 AM
NOT OF DT but im assuming its good news for the whole city!

Los Angeles Luxury Real Estate Is Breaking Records!



November 2006



While the average USA real estate market is currently experiencing a slow down in appreciation and sales volume, the Los Angeles high-end luxury market is breaking sales volume records. This includes the ultra-posh neighborhoods of Beverly Hills, Bel Air & Malibu, California.



Greg Moesser of LAClassicEstates, a divison of Prudential CA Realty, Beverly Hills, reports that his office’s 2006 Fall Quarter Review showed a 70% increase in the number of sales of high-end (over $10M) properties compared to a year ago. Greg says, “Los Angeles is a cosmopolitan bargain when compared to New York, Paris and London. Take for example Manhattan (NY), where luxury co-ops can sell for $3000 to $4000 per square foot and a former first lady’s penthouse is rumored to be currently in escrow for $6000 per sf.. In comparison, Los Angeles luxury properties, with land included, can still be found under $1000 per sf. and most are priced under $2000 per sf. Right now, a 16,000sf estate with an acre of land on the prestigious the Bel Air golf course is on the market at $8.5 Million Dollars”.



Adding to the area’s demand is great weather, cutting-edge architecture, world class shopping and dining, privacy oriented estates and jetliner city, ocean and mountain views. Los Angeles and Beverly Hills property taxes average a low 1.25% and the purchase process is simplified with title insurance, low mortgage rates and an escrow process that requires no attorney representation. For these reasons, and many more, Los Angeles continues to be in high demand and a cosmopolitan value in the rarified global luxury real estate market place.

klamedia
November 16th, 2006, 03:32 AM
Only Bel Air would be considered a neighborhood of Los Angeles, the other 2 are incorporated municipalities.

Fern~Fern*
November 16th, 2006, 09:10 AM
Here's a photo of that public toilet being installed at Pershing Square. Photo from blogdowntown:

http://static.flickr.com/104/298184854_1e451b1b19.jpg?v=0



^ OMG, I thought the toilet was clogged up or something.

CarsonCaliBrotha
November 16th, 2006, 04:52 PM
^ OMG, I thought the toilet was clogged up or something.

:) Caution tape when its clogged? :lol:

archd1
November 17th, 2006, 09:25 AM
Two-billion dollar downtown overhaul in the red
Developers say they need tax aid before starting the Grand Avenue project.
By Cara Mia DiMassa, Times Staff Writer
November 17, 2006


The ambitious effort to remake downtown's Grand Avenue into a $2-billion cultural and retail hub designed by Frank Gehry is over budget and behind schedule, with the developers saying the project "is not economically feasible" without tax breaks from the city, according to documents obtained Thursday.
The developers said they are negotiating with the city for temporary rebates of more than $40 million on the hotel and parking lot taxes.

They said such concessions are needed to make the project financially feasible. The complex is to include eight high-rise towers and retail pavilions rising around Gehry's landmark Walt Disney Concert Hall.

Phase One — which includes the architect's dramatic glass-curtained 47-story tower, a 24-story tower and shopping areas — was supposed to break ground as early as next month. But officials now say it will be delayed at least until October and possibly beyond.

The developer's request for the tax rebates was criticized by some community activists, who have already questioned whether the city and county governments are getting a good deal under the complex financing plan.

The request is the latest of several tie-ups with the fine print of the plan that have caused delays and left some Grand Avenue supporters concerned.

The situation mirrors a slowdown in downtown Los Angele's once red-hot construction market. A Times review of approximately 100 residential and commercial developments downtown shows that about 20%are behind schedule. While parts of the city center are abuzz with heavy construction, some real estate specialists say a slowdown is apparent.

"It has gotten to the point where with ... huge construction costs combined with huge land costs and a flat sell-out rate, it just doesn't pencil out anymore," said Mark Tarczynski, a senior vice president at CB Richard Ellis.

In recent months, relatively few new projects have been announced, Tarczynski added. In addition, he said, "You're seeing a lot of projects getting theoretically put on hold. Most do not want to admit that their projects are put on hold. You don't see anything happening."

Some experts are skeptical about several huge projects announced with much fanfare, including a 50-story condo project near the Civic Center and twin residential towers near the Harbor Freeway.

Gehry and officials at Related Cos. unveiled the first plans for the Grand Avenue project in April. His design calls for the two glass towers situated around shops, outdoor dining areas and a boutique hotel on the block bounded by 1st, 2nd, and Olive streets and Grand Avenue. The project is also to include 400 condominiums, 100 affordable housing units, a health club and a spa.

The complexity of the design, coupled with site issues and increased construction costs, have driven up the price tag. Previous estimates had put the cost of the project, including a 16-acre park that would run from the Music Center to City Hall, at $1.8 billion. Now, according to the documents, the three-phase project will cost $2.05 billion.

Bill Witte, president of Related California, called the delays and cost increase "nothing out of the ordinary for a project this size.... It's just complicated. I really know of no other way to say it. I will only say that for a project of this magnitude, if you don't have hiccups like this, it would be highly unusual."

Related announced in September that Gehry's design would push up the cost of Phase One by 40%. But the company laid out a broader outline Thursday of why the overall costs are rising and made the case for why the tax rebates are necessary.

Among other things, Witte said, the cost of building the first phase's 100 affordable housing units (20% of the total units in that phase) is much higher than the developers previously thought.

The delays and cost fluctuations mean that Related will not pre-sell condominiums in the first phase until at least mid-2008.

"I'd rather that it be then than today," he said. "Clearly there's a slowdown, not just in downtown.... People are on the sidelines waiting to see where the market is going to go."

Financing for the project is complicated, because the city and county own the land on which the first two phases are to be built.

Related is essentially leasing the parcels for 99 years. Last year, the company paid the city and county $50 million, which is the projected rent the developer owes for Phase One and part of Phase Two. The city and county plan to pour the $50 million back into the development of the park and street improvements.

Civic leaders initially hailed the deal, saying it would allow a major new development to rise without direct taxpayer subsides. But a consultant who analyzed the agreement for the county Board of Supervisors concluded that the arrangement puts the county at risk if the project goes over budget or if the downtown real estate market cools.

http://www.latimes.com/news/local/la-me-grandave17nov17,0,496743.story?coll=la-home-headlines

godblessbotox
November 17th, 2006, 10:00 AM
double damn...

what are the "two glass towers near the harbor freeway"?

Joey313
November 17th, 2006, 10:24 AM
Caution tape when its clogged? :lol:

alot of things can happen in those restrooms withthat that tape

Westsidelife
November 18th, 2006, 04:13 AM
From Los Angeles Downtown News:

A Cornfield Park Winner

Hargreaves Team Gets Bid for 32-Acre Site

by Kathleen Nye Flynn

Officials with the California State Parks Department on Friday announced that it has selected a team headed by San Francisco-based Hargreaves Associates to design the Los Angeles State Historic Park, the 32-acre site adjacent to Chinatown.


State Parks Director Ruth Coleman (center) and representatives of Hargreaves Associates appeared at the site of the Los Angeles State Historic Park on Friday. Photo by Gary Leonard.
"We can't wait to take it off the page and make it into a real park," said Mary Margaret Jones, a principal at Hargreaves. "It's an amazing transformative opportunity for Los Angeles."

The decision follows an eight-month design competition, as well as years of hope for an active use of the site long known as the Cornfield. The contest, orchestrated by the State Parks Department and the State Parks Foundation, drew widespread interest from top architecture firms nationwide. Earlier, a 10-member advisory board whittled down 33 original entries to three finalists.

In the final stage, Hargreaves beat out teams headed by Los Angeles-based Mia Lehrer + Associates, which included architect Michael Lehrer, and Field Operations, a New York firm who brought in prominent architect Thom Mayne.

"It's kind of like trying to choose the best from three virtuoso violinists," said Ruth Coleman, director of State Parks, who made the ultimate decision based on the advisory committee's recommendation. "We couldn't go wrong, and I am very pleased with the recommendation."

The Hargreaves team includes Silver Lake-based architect Michael Maltzan, whose Rainbow Apartments recently opened on Skid Row.


Hargreaves' winning State Park concept, presented to the public in October, includes a 15-acre field flanked by a fountain-filled plaza on its southern side and nature-oriented wetlands and gardens that connect to the Los Angeles River on the northern tip. The plan includes providing access to the park with four bridges, two that connect to Broadway, one that soars to Spring Street, and a wide, landscaped bridge that reaches Elysian Park. There, they propose adding new trails, a habitat area and replacing some of the Dodger Stadium parking lots with playing fields.

A priority for Hargreaves is properly programming the park. They have proposed using the site for farmers markets, large concerts and festivals, and other community events.

Hargreaves will work with the Parks Department to create a final design, which could incorporate aspects from the competing proposals that resonated with the public. While the Parks Department has enough funding to pay the team for the blueprints, finding money for the project itself is the next big hurdle.

Contact Kathleen Nye Flynn at kathleen@downtownnews.com.


page 6, 11/20/2006
© Los Angeles Downtown News. Reprinting items retrieved from the archives are for personal use only. They may not be reproduced or retransmitted without permission of the Los Angeles Downtown News. If you would like to re-distribute anything from the Los Angeles Downtown News Archives, please call our permissions department at (213) 481-1448.

Westsidelife
November 18th, 2006, 04:17 AM
I noticed that the same article was posted by archd1. Eh, it doesn't hurt to have it posted twice. :)

ArchiTennis
November 18th, 2006, 04:35 AM
It's no wonder why downtown l.a. has a problem with homelessness. I hope Kaiser looses a lot of money in this lawsuit and that money is used towards helping with the housing problems in downtown.



Healthcare giant 'dumped dementia patient'
From correspondents in Los Angeles
November 17, 2006 09:46am
Article from: Agence France-PresseFont size: + -
Send this article: Print Email

US healthcare giant Kaiser Permanente faces a criminal trial for allegedly dumping a homeless dementia patient on Los Angeles's skid row.

Kaiser is accused of returning the 63-year-old woman to the Los Angeles downtown homeless district on March 20 this year after she received treatment at the healthcare provider's Bellflower hospital.

Surveillance cameras recorded a taxi driver dropping off the woman, Carol Ann Reyes, who wandered around in a hospital gown and slippers before a volunteer from a nearby homeless shelter came to her aid.

Kaiser had been charged with false imprisonment and dependent adult endangerment in relation to the case, Los Angeles justice officials said.

"When a hospital dumps an elderly, homeless woman suffering from dementia on skid row, wearing little more than a hospital gown ... yes, they have violated every ethical obligation under which they operate,'' LA city attorney Rocky Delgadillo said.

"But, they have also broken the law, and we are going to hold them accountable.''

A separate civil suit alleges unlawful and unfair business practices regarding the hospital's treatment of homeless patients and its failure to abide by laws governing the discharge of patients.

The suit seeks to prevent Kaiser from leaving homeless patients in downtown Los Angeles.

"We intend to ensure that private hospitals operating in Los Angeles County are in the business of delivering patients from their darkest hours, not into them,'' Mr Delgadillo said.

The Bellflower hospital has apologised for the case and executives say they have since changed their practices in dealing with homeless people.

Mr Delgadillo said Kaiser's Bellflower was among 10 Los Angeles-area hospitals being investigated for whisking homeless patients back to skid row.

Last month, Los Angeles police captured footage of two private ambulance companies leaving five homeless people in front of a shelter after they were released from Los Angeles Metropolitan Medical Centre.

The people told police they were taken to skid row against their will.

The hospital, along with APT Ambulance Co and Pro Care Mobile Response, could face felony charges of false imprisonment, fraud and dependent abuse, according to justice officials.

archd1
November 18th, 2006, 06:58 AM
As botox would say, fuck them!

godblessbotox
November 18th, 2006, 07:01 AM
fuck them who? the hospital or the vagrants?

archd1
November 18th, 2006, 07:20 AM
Oh, well.....let's see...........Fuck Kaiser!

FROM LOS ANGELES
November 18th, 2006, 07:53 AM
Well shame of Kaiser, damn they charge an eye for picking up your pen, and this is how it goes?? What a shame!!!!

Elsongs
November 18th, 2006, 08:06 AM
Oh, well.....let's see...........Fuck Kaiser!

Practice H.M.O.-phobia.

Joey313
November 18th, 2006, 10:21 AM
Edit
posted in the wrong thread
lol

klamedia
November 18th, 2006, 06:07 PM
I hope they have to pay through the nose for this shit! So these little asshole cities send all of their "unwanteds" to LA then lure people into living in their little shitholes by proclaiming how "safe" and "clean" their little boring pieces of glue traps are........disgusting!

LA-dude
November 18th, 2006, 08:44 PM
hey....it wasnt the city of Bellflower that did this, it was that Kaiser Hospital.......which by the way has been a drain on Kaiser for a while now.....its too old and always something bad happens there........and so they are building a new state of the art hospital in Downey........and the old Kaiser in Bellflower is going to become like a clinic or something........im sure Kaiser can't wait to get rid of that money-drain on Bellflower Blvd........i hope that woman was okay......very sad

Joey313
November 19th, 2006, 08:13 AM
LOS ANGELES Hundreds of volunteers joined Mayor Antonio Villaraigosa today to pick up trash, plant trees and remove graffiti in the city's Watts neighborhood.

Villaraigosa (Ve-ah-rye-go-sa) said he plans to organize the Day of Service campaigns to clean up neighborhoods across the city.

Starting this morning, volunteers fanned out to paint murals, install benches and clean up alleys. Much of the work took place around schools.

The mayor also has a goal of planting one million trees across the city over several years.

Westsidelife
November 19th, 2006, 08:21 AM
Glad to see he's making an effort to clean up this city. But I hate murals!

Joey313
November 19th, 2006, 08:46 AM
^^ yeah looks kind a cheap

Westsidelife
November 19th, 2006, 08:48 AM
I also hope he is considering burying all powerlines!

Elsongs
November 19th, 2006, 09:41 AM
Glad to see he's making an effort to clean up this city. But I hate murals!

It's either murals or gang graffitti. Pick one.

phattonez
November 19th, 2006, 09:47 AM
It's either murals or gang graffitti. Pick one.

If you have murals, they get graffiti. So picking murals means both.

Westsidelife
November 19th, 2006, 09:49 AM
It's either murals or gang graffitti. Pick one.

Neither.

klamedia
November 20th, 2006, 06:09 AM
When I first arrived to LA I was astounded by the amount of murals around the city, really gives it a beautiful but working class feel. I support murals and hope more are created.

Elsongs
November 20th, 2006, 09:03 AM
When I first arrived to LA I was astounded by the amount of murals around the city, really gives it a beautiful but working class feel. I support murals and hope more are created.

Murals give a city or neighborhood an identity. Some of the murals on the Eastside (the REAL Eastside, as in east of the LA River) are quite stunning and powerful. Sure there are cheesy murals, and some real ugly ones, but there are some very beuatiful ones too. Murals are art. Art isn't always pretty or always ugly, but it's meant to elicit a reaction.

You hardly see murals on the Westside because because Westsiders have a superficial, elitist attitude towards art (as well as everything else in life).

godblessbotox
November 20th, 2006, 09:04 AM
those murals on the 1o1 downtown are getting nicly "customized" lately

klamedia
November 20th, 2006, 10:06 PM
I consider murals one of LA's treasures. The one that was destroyed of Zapata along SM boulevard I took my grievance to Garcetti's office when he was located in Silver Lake. I haven't heard anything back from him. Then of course when all of the murals are gone, these same people are gonna be talking about blank walls.

LosAngelesSportsFan
November 21st, 2006, 08:24 AM
so the mureulo site across from ralphs, you know the 37 story tower, now has bulldozers and such so we can expect to see some earth moving ASAP!

Fern~Fern*
November 21st, 2006, 08:28 AM
so the mureulo site across from ralphs, you know the 37 story tower, now has bulldozers and such so we can expect to see some earth moving ASAP!



^ Is it one or two towers?

Westsidelife
November 21st, 2006, 08:28 AM
It's one tower at 35 stories. On its website, it's listed as "Under Construction"! Yes! I think that says it all!

http://www.meruelomaddux.com/splash.html

Fern~Fern*
November 21st, 2006, 08:31 AM
Are you sure it's 34 not 37 stories.

Westsidelife
November 21st, 2006, 08:34 AM
It says 35 stories on the website.

godblessbotox
November 21st, 2006, 09:27 AM
what kind of property site does not even have a render or sight image on there website. can someone remind me of this one?

LosAngelesSportsFan
November 21st, 2006, 10:31 AM
Green light for Grand
But project is behind schedule, over budget
BY TROY ANDERSON, Staff Writer
Article Last Updated:11/20/2006 09:58:25 PM PST

Despite concerns it will clog downtown streets, widen the gap between rich and poor and spread police too thin, the over-budget and behind-schedule Grand Avenue project scaled a key hurdle Monday.

Touting the development as a world-class project that will benefit all - including the creation of 5,000 permanent jobs - the Grand Avenue Authority voted 5-0 to proceed with the $2.05 billion revitalization plan.

"Not only will our skyline be transformed, but our economy will be transformed too," Grand Avenue Committee chairman and billionaire Eli Broad said after the authority's vote.

The plan now needs a green light from the Los Angeles Community Redevelopment Agency, the City Council and the Board of Supervisors. All of the bodies need to sign off on the environmental impact report, the development agreement and leases of four city-owned and county-owned parcels to The Related Companies, developer of the project.

But before the city votes, it must complete negotiations with The Related Companies over parking and hotel tax rebates.

The Related Companies has threatened to pull the plug on the project unless the city provides the rebates, saying the project is economically unfeasible without
Advertisement
them.

But despite these snags, officials said they wanted to assure the public that tax revenues generated by the project will pay the cost of the public investments and the project will go forward.

"This is not about creating a profit for the developer," Authority chairwoman and county Supervisor Gloria Molina said. "That's not our interest. This is a win-win for everybody."

But Tony Bell, spokesman for Supervisor Michael D. Antonovich, said committee documents released last week and other estimates reveal the total taxpayer subsidy for the project now ranges from $157 million to $210 million. Those figures refute earlier pronouncements that little or no taxpayer money was needed.

"As the numbers pan out, it looks like taxpayers will be subsidizing the majority of this boondoggle," Bell said. "It appears it's been a shell game with taxpayer money."

The project - 2,600 condos and apartments, 400,000 square feet of retail space, a 275-room hotel and a 50-story glass tower designed by architect Frank Gehry - would be the centerpiece of $10 billion worth of development proposed for downtown Los Angeles.

Kris Vosburgh, executive director of the Howard Jarvis Taxpayers Association, said the amount of taxpayer subsidies the developers are asking for is a "vast sum."

Authority documents released late last week said the projected cost of the project has risen from $1.8 billion to $2 billion due to increased construction costs. And the start of construction has been postponed from December to October 2007.

Public investment needed for the project includes: $100,000-$200,000 for each of the up to 532 affordable-housing units, $2 million for Grand Avenue street improvements and $12 million for public-space improvements.

Paul Novak, Antonovich's planning deputy, estimated the parking and hotel tax rebates at nearly $85 million over two decades.

"While supporters are touting the $50 million contribution to the park, the public subsidies to the developer are two to three times that amount," Novak said.

But Related California President Bill Witte said the tax rebates have been estimated at $30 million-$40 million and the first phase of the project will only require $24 million in other subsidies, including $10 million for 100 affordable-housing rentals for low-income people.

"The first phase is going to cost upwards of $750 million," Witte said. "I think it's safe to say over $700 million will be private dollars. For phases two and three, the only (public) commitments are for affordable housing."

The authority documents also noted that the project is expected to generate $615 million in revenues annually, generate up to 29,000 construction jobs, 5,000 permanent jobs and an estimated $105 million in annual tax revenues.

And despite the increased construction costs, Witte said the company is committed to moving "full speed ahead" with the project.

"I think the testimony (Monday) explained how this can benefit the city in multiple ways, ranging from thousands of jobs to ongoing sources of tax revenues from sites that've been vacant for 40 years and the most significant community benefits package the city has ever negotiated," Witte said.

The project is expected to link together the city's architectural icons - the Walt Disney Concert Hall, the Cathedral of Our Lady of the Angels and City Hall.

The environmental impact report found that the project would exacerbate traffic, further pressure police resources and widen the gap between the rich and poor downtown.

"Our position is that this project, because it surrounds luxury with poverty, is more Third World than it is world-class," said Benjamin S. Beach, an attorney at the Legal Aid Foundation of Los Angeles.

troy.anderson@dailynews.com

(213) 974-8985

klamedia
November 21st, 2006, 07:23 PM
This park will and has to happen.

Westsidelife
November 21st, 2006, 10:11 PM
Regarding the Civic Park, those two county courthouses are just a complete nuisance! They limit pedestrian accessiblity and aesthetically, should they remain, will detract from the beauty of the park and the immediate surrounding area. By demolishing those two hideous buildings, as well as all the other city government buildings lining the park, will more than DOUBLE the size of the park and only then will it be a true world-class park being the premiere park of The City!

soup or man
November 21st, 2006, 11:25 PM
what kind of property site does not even have a render or sight image on there website. can someone remind me of this one?

http://img176.imageshack.us/img176/812/717floweryb0.jpg

Westsidelife
November 21st, 2006, 11:29 PM
I really wish they didn't divide the rendering into three seperate parts. Hopefully this project as well as Concerto will compensate for the ugly ass '80s and '90s office buildings in the immediate surrounding area.

godblessbotox
November 21st, 2006, 11:39 PM
the upper sections seem promising but the lobby level looks like it could disapoint

Westsidelife
November 21st, 2006, 11:40 PM
I also don't like the balconies at each of the four corners. That's a dated concept.

soup or man
November 21st, 2006, 11:42 PM
If anything, this and Concerto will make them look better. And don't forget Hanover. And I happen to like 80's and 90's style buildings. Timeless if not a bit boring.

I hope the Park Tower is approved and soon.

Westsidelife
November 21st, 2006, 11:51 PM
Are you serious? Buildings like TCW and the 888? I just don't see how really anyone can like them; they're just too dated and office park like. But you're entitled to your own opinion. Hopefully those buildings I mentioned will one day be recladded like the SBC Center.

croyboy
November 21st, 2006, 11:56 PM
aon would look really nice recladded... just my opinion

Elsongs
November 22nd, 2006, 12:11 AM
This park will and has to happen.

G.A.P. is planned to be a public gathering space for the 2016 games.

Westsidelife
November 22nd, 2006, 12:15 AM
They MUST take into consideration not only what LA has to offer now but what it has to offer in the FUTURE as well.

godblessbotox
November 22nd, 2006, 12:15 AM
ugh... recladding. just let the buildings be as they are and make new better looking ones around them!

Westsidelife
November 22nd, 2006, 12:17 AM
But you see, they detract from the beauty of Downtown and the skyline. Just look at Chicago. It doesn't have ANY ugly buildings and look how great their skyline is.

godblessbotox
November 22nd, 2006, 12:32 AM
dont you think thats a bit of a stretch? im sure i could find alteast one

Westsidelife
November 22nd, 2006, 12:43 AM
You're right. But everytime I look at a Chicago skyline pic, there is really NO building I find to be ugly or dated. Then again it's just an opinion. But I'm sure there are a few.

soup or man
November 22nd, 2006, 12:49 AM
Every city has ugly buildings. It's impossible for there not to be ugly buildings in a city. But then again, beauty is in the eye of the beholder. I think 1100 Wilshire is a simply stunning building. Alot of people hate it. Aside from it's height, I don't really like the Burj Dubai.

*shrugs*

Westsidelife
November 22nd, 2006, 04:12 AM
From blogdowntown:

http://static.flickr.com/109/303180326_595bfea17c.jpg?v=0

Fool Me Once...

This morning I saw a post on the SkyscraperPage forums saying that construction equipment was on-site at Richard Muerelo's 717 W. 9th St property and implying that work on his project there was set to begin.

After having passed by there this afternoon, though, I'm much more inclined to say that either Concerto or Market Lofts just needed to use the site for some equipment staging.

I've gotten burned before by making the leap about impending construction. Here, though, it just wouldn't make sense for the first work on a site to be the assembly of some big steel structure. Obviously I'd be glad to be wrong...

soup or man
November 22nd, 2006, 04:19 AM
I'm not too worried however seeing as how Concerto did this exact same thing.

Few questions:

1. Why would you strip an entire parking lot just to hold a few steel beams?

2. Concerto is still a large hole. All of a sudden it needs steel?

3. Why does Market Lofts need steel?

Westsidelife
November 22nd, 2006, 04:20 AM
You do have a point there. Tell citywatch from SSP that so he doesn't freak too much!

soup or man
November 22nd, 2006, 04:24 AM
Citywatch is a broken record on repeat. He gets on my nerves.

And I would tell him if SSP wasn't so slow.

Westsidelife
November 22nd, 2006, 04:33 AM
Another point I would like to make is that according to Meruelo's website, the tower is listed as "Under Construction".

http://www.meruelomaddux.com/splash.html

FROM LOS ANGELES
November 22nd, 2006, 05:53 AM
So looking at the timeline of the project since it actually showed signs of life, its moving mighty fast. Just two weeks ago it was still a simple parking lot. Myabe this one goes up as fast as the Hanover. This part is going to be dense with this tower, Ralphs, Concerto 1, 2, and 3, the Hanover and the FIDM.

Westsidelife
November 22nd, 2006, 05:55 AM
Don't forget Park Tower and 8th and Hope. Both of which I hope will have their current designs modified.

FROM LOS ANGELES
November 23rd, 2006, 04:26 AM
What's so wrong with the current designs. Seing glass wall buildings is better than seing Chinese looking buidlings is dt LA. Or that hotel Trump porposed for Dubai, it looks like a pineapple.

FROM LOS ANGELES
November 23rd, 2006, 04:31 AM
Here's a pic of that building Trump proposed:
http://i56.photobucket.com/albums/g189/FROMLOSANGELES/trump_dubai.jpg

godblessbotox
November 23rd, 2006, 04:35 AM
oh god i remember that thing

Westsidelife
November 23rd, 2006, 04:38 AM
8th and Hope looks too cheap. Park Tower is a bit dated. Many at SSP feel the same way about the Park Tower and so do other non-LA forumers.

FROM LOS ANGELES
November 23rd, 2006, 04:45 AM
At least it's u/c, as long as its u/c, I dont really have a problem. Unless its something like the Sears but 20 times smaller, then we got a problem.

soup or man
November 23rd, 2006, 07:12 AM
Here's a pic of that building Trump proposed:
http://i56.photobucket.com/albums/g189/FROMLOSANGELES/trump_dubai.jpg

That's the old design. This is the new design:

http://www.ameinfo.com/images/news/0/24650-SunriseView.jpg

FROM LOS ANGELES
November 23rd, 2006, 08:57 AM
That looks way worse by the way.

RBR
November 23rd, 2006, 08:59 AM
Are you serious? Buildings like TCW and the 888? I just don't see how really anyone can like them; they're just too dated and office park like. But you're entitled to your own opinion. Hopefully those buildings I mentioned will one day be recladded like the SBC Center.

You kidding me? TCW dated? jesus check out SF and come back to me. Now that SBC Tower was dated but they fixed it up pretty good.

Westsidelife
November 23rd, 2006, 09:26 AM
San Francisco's sykline is a bit dated as well but there are enough buildings to compensate for them and the dated ones aren't that bad IMO.

Elsongs
November 23rd, 2006, 09:28 AM
That's the old design. This is the new design:

http://www.ameinfo.com/images/news/0/24650-SunriseView.jpg

Looks like it will transform into some giant fighting robot at some point.

CarsonCaliBrotha
November 23rd, 2006, 08:15 PM
Looks like it will transform into some giant fighting robot at some point.
Maybe he watched alotta Transformers and Power Rangers:lol: .
And seriously, do I see water and monorails floating over it? Isn't this supposed to go on Wilshire Blvd or is his plan to blow up the lake in MacArthur Park and have it drain down the center of Wilshire?

Joey313
November 23rd, 2006, 08:40 PM
^^ That would be great if went on wilshire blvd
but its not!!!!!:sly:

Westsidelife
November 25th, 2006, 04:00 AM
From SSP:

Here are some new construction photos of the Wilshire/Vermont project:

This one I snapped with my cellphone on Nov. 18th as I walking by (view of SW corner):

http://pic20.picturetrail.com/VOL144/5090918/13911382/207785912.jpg

I took this one this afternoon (Nov 25th). You can see how much progress they've made in just 7 days on the side facing Wilshire Blvd (right side of photo):

http://pic20.picturetrail.com/VOL144/5090918/13911382/207785916.jpg

Southeast corner from Wilshire:

http://pic20.picturetrail.com/VOL144/5090918/13911382/207785943.jpg

They've also started to install the glass storefronts for the ground level retail:

http://pic20.picturetrail.com/VOL144/5090918/13911382/207785928.jpg

http://pic20.picturetrail.com/VOL144/5090918/13911382/207785952.jpg

Also, last week I noticed they dismantled the construction crane onsite, so that means they've topped out the steel frame construction. It should be all down-hill from here. The construction sign says delivery in early 2007. Here's the project website:

http://www.wvstation.com/

godblessbotox
November 25th, 2006, 04:29 AM
http://pic20.picturetrail.com/VOL144/5090918/13911382/207785916.jpg

that thing is a monster. i tried to take a picture of it back in july but i was too slow.

soup or man
November 25th, 2006, 05:15 AM
Maybe he watched alotta Transformers and Power Rangers:lol: .
And seriously, do I see water and monorails floating over it? Isn't this supposed to go on Wilshire Blvd or is his plan to blow up the lake in MacArthur Park and have it drain down the center of Wilshire?

:ohno:

You poor thing.

This thing is in Dubai.

CarsonCaliBrotha
November 25th, 2006, 06:57 AM
:ohno:

You poor thing.

This thing is in Dubai.

Then whys it in the Downtown Los Angeles Progress Thread?

godblessbotox
November 25th, 2006, 07:10 AM
ha ha... fromla was talking about glass box buildings. and refernced the trump pinapple in dubai. then someone said that thing was the new design... so there you have it

Westsidelife
November 26th, 2006, 05:48 AM
From SSP:

These construction photos were taken November 25, 2006. I tried to get all of the major construction projects in Koreatown/Wilshire Center around Wilshire Blvd. I didn't the best luck with the sunlight - please excuse the poor lighting.

Equitable City Center - 6th & Alexandria behind the Equitable Plaza Tower

Construction has been moving steadily on this project. Looks like they've finished the steel work and started constructing the facades.

http://pic20.picturetrail.com/VOL144/5090918/13911382/208099115.jpg

Corner of 6th & Alexandria
http://pic20.picturetrail.com/VOL144/5090918/13911382/208099252.jpg

Corner of 6th & Mariposa
http://pic20.picturetrail.com/VOL144/5090918/13911382/208099239.jpg


3670 Wilshire Blvd Tower(s)

This lot has been vacant for a while. Even though I haven't seen any equipment onsite, it looks like some preliminary grading has been started.

http://pic20.picturetrail.com/VOL144/5090918/13911382/208099190.jpg

http://pic20.picturetrail.com/VOL144/5090918/13911382/208099224.jpg


Wilshire Center apartments - directly across the street from the 3670 Wilshire Blvd site

This site had lots of construction activity today. Looks like they're up to ground level.

http://pic20.picturetrail.com/VOL144/5090918/13911382/208099140.jpg

http://pic20.picturetrail.com/VOL144/5090918/13911382/208099459.jpg

http://pic20.picturetrail.com/VOL144/5090918/13911382/208099441.jpg

http://pic20.picturetrail.com/VOL144/5090918/13911382/208099407.jpg

http://pic20.picturetrail.com/VOL144/5090918/13911382/208099384.jpg


Serrano Palace Tower (8 stories) - Serrano & 7th St - one block southeast of the 3670 Wilshire Blvd project

I've been amazed how quickly this tower has gone up. I think they only started construction in Feb/Mar of this year.

http://pic20.picturetrail.com/VOL144/5090918/13911382/208099360.jpg

http://pic20.picturetrail.com/VOL144/5090918/13911382/208099340.jpg


4-5 Story Apt Complex - one block east of the Serrano Palace Tower on Oxford & 7th

http://pic20.picturetrail.com/VOL144/5090918/13911382/208099317.jpg

http://pic20.picturetrail.com/VOL144/5090918/13911382/208099306.jpg


Wilshire Solair - NE Corner of Wilshire & Western

They are well underway on this massive development.

http://pic20.picturetrail.com/VOL144/5090918/13911382/208105550.jpg


The Mercury conversion - SW Corner of Wilshire & Western

I haven't seen much progress on the retail component of this project in the last couple of months.

http://pic20.picturetrail.com/VOL144/5090918/13911382/208099293.jpg


Courtyard MaDang - Just north of the NW Corner of Wilshire & Western

Looks like most of the steel framing is complete. Here are renderings from the website (www.courtyardmadang.com)

http://www.courtyardmadang.com/image/SCAN1_BI61.jpg

http://www.courtyardmadang.com/image/S5_BIG281.jpg

http://www.courtyardmadang.com/image/S2_BIG289.jpg


Views from across the Solair construction site
http://pic20.picturetrail.com/VOL144/5090918/13911382/208099263.jpg

http://pic20.picturetrail.com/VOL144/5090918/13911382/208099277.jpg

That's all! hope you enjoyed. I'll be posting my construction photos from the downtown tour tomorrow.

Joey313
November 26th, 2006, 10:02 AM
alot of construction going on

Westsidelife
November 27th, 2006, 02:15 AM
From SSP:

OK, as promised - my development photo tour of downtown LA. These photos were taken on Saturday November 25, 2006.

Before I start listing everything, I just wanted to say that the historic core (particularly the northern end) has become a great new neighborhood. I was blown away! So many new retail places have opened and people were out walking their dogs, taking pictures, window shopping - I've never seen it like this.

There are countless conversions underway. I feel like I'm just scraping the surface here. If I confused something, please let me know! and again - the lighting is terrible.

Pan American Lofts

I'm not sure how I feel about the new street facade. It's not stucco.

http://pic20.picturetrail.com/VOL144/5090918/13911382/208360907.jpg

http://pic20.picturetrail.com/VOL144/5090918/13911382/208360350.jpg

http://pic20.picturetrail.com/VOL144/5090918/13911382/208360924.jpg



Douglas Building Lofts

Missing retail tenants.

http://pic20.picturetrail.com/VOL144/5090918/13911382/208357892.jpg

http://pic20.picturetrail.com/VOL144/5090918/13911382/208357882.jpg



Rowan Building Lofts

Other than the scaffolding - not much noticeable progress.

http://pic20.picturetrail.com/VOL144/5090918/13911382/208357938.jpg


El Dorado Lofts

My personal favorite. I visited this building during the downtown loft openhouse earlier this summer and the lobby is still gutted.

http://pic20.picturetrail.com/VOL144/5090918/13911382/208357912.jpg

http://pic20.picturetrail.com/VOL144/5090918/13911382/208357904.jpg

http://pic20.picturetrail.com/VOL144/5090918/13911382/208357900.jpg


4th Street Retail just east of Main Street

All of these places are on the same block. So many and more on the way!

You can't really tell, but there's a large art gallery in this corner unit:
http://pic20.picturetrail.com/VOL144/5090918/13911382/208358051.jpg

Orange22 Design Lab - modern furniture
http://pic20.picturetrail.com/VOL144/5090918/13911382/208358075.jpg

http://pic20.picturetrail.com/VOL144/5090918/13911382/208358033.jpg

http://pic20.picturetrail.com/VOL144/5090918/13911382/208358020.jpg

Warung Cafe - opening soon?
http://pic20.picturetrail.com/VOL144/5090918/13911382/208358017.jpg

Blends - shoe store
http://pic20.picturetrail.com/VOL144/5090918/13911382/208358014.jpg

Restaurant on the corner of 4th/Main
http://pic20.picturetrail.com/VOL144/5090918/13911382/208358005.jpg


Rosslyn Hotel Lofts

This old hotel should be undergoing a conversion also. I didn't see any construction or scaffolding though. There's a cool art gallery open on the ground level.

http://pic20.picturetrail.com/VOL144/5090918/13911382/208357998.jpg


NE Corner of 5th & Spring

Not sure which building this is, but it's being renovated.

http://pic20.picturetrail.com/VOL144/5090918/13911382/208357990.jpg



Security Building Lofts - SE Corner of 5th & Spring

Grand Opening of Weeneez (http://www.weeneez.com/ - hotdog and chili restaurant), next to the Red Dot Bistro & Gallery

http://pic20.picturetrail.com/VOL144/5090918/13911382/208357976.jpg

http://pic20.picturetrail.com/VOL144/5090918/13911382/208357967.jpg


PE Lofts - 6th & Main

Beautiful building. A lot of work left to be done on the retail.

http://pic20.picturetrail.com/VOL144/5090918/13911382/208357951.jpg

http://pic20.picturetrail.com/VOL144/5090918/13911382/208360229.jpg

This building is right next to the PE Lofts on Main Street. Not sure which one it is, but it's bring renovated - probably into condos
http://pic20.picturetrail.com/VOL144/5090918/13911382/208360242.jpg


City Lofts - http://www.cityloftsquare.com/home.htm

This is the back side of the building as seen from Main Street (front on Spring St). I think this project has been complete, but I took a picture b/c there are just so many loft projects in every direction. This is right across the street from the PE Lofts.

http://pic20.picturetrail.com/VOL144/5090918/13911382/208360250.jpg


Cecil Hotel (recently renovated) - just down Main street from the PE Lofts

It's been restored and it's beautiful. New retail/restaurants have openend.

http://pic20.picturetrail.com/VOL144/5090918/13911382/208360339.jpg

http://pic20.picturetrail.com/VOL144/5090918/13911382/208360329.jpg


Santee Court Village - 7th & Los Angeles St

This redevelopment has been in the works for a while. Lots of new retail opening here with more on the way.

http://pic20.picturetrail.com/VOL144/5090918/13911382/208360316.jpg

http://pic20.picturetrail.com/VOL144/5090918/13911382/208360285.jpg

http://pic20.picturetrail.com/VOL144/5090918/13911382/208360264.jpg

This building across Los Angeles Street is being restored.
http://pic20.picturetrail.com/VOL144/5090918/13911382/208360302.jpg



NE Corner of 8th & Broadway

Not sure which building this is. Looks like a condo converstion.

http://pic20.picturetrail.com/VOL144/5090918/13911382/208360507.jpg

http://pic20.picturetrail.com/VOL144/5090918/13911382/208360498.jpg


OK. I told myself I wasn't going to bother with the South Park area developments b/c they've been covered so much, but I found myself here anyway!


Market Lofts

There's a tarp over the Hope street side now.
http://pic20.picturetrail.com/VOL144/5090918/13911382/208360489.jpg


NW Corner of 9th & Flower (9th & Flower Condos - Meruelo Maddux Properties development)

I remember someone asking about this corner recently. There's definitely construction activity happening there now. I have to say I'm a little confused as to why they're bringing steel onsite already. Shouldn't they be digging out the underground parking?

http://pic20.picturetrail.com/VOL144/5090918/13911382/208360482.jpg

http://pic20.picturetrail.com/VOL144/5090918/13911382/208360461.jpg


Concerto - just across 9th Street

http://pic20.picturetrail.com/VOL144/5090918/13911382/208360438.jpg


Hanover Tower

Starting to construct the facade on the lower levels.
http://pic20.picturetrail.com/VOL144/5090918/13911382/208360419.jpg


Glass Tower

Construction sign posted at 11th & Grand, catty-corner from Elleven, Evo, etc.
http://pic20.picturetrail.com/VOL144/5090918/13911382/208360407.jpg


SE Corner of 7th & Grand

I know this is a bigger profile project, but I can't remember the name. Someone help me...

http://pic20.picturetrail.com/VOL144/5090918/13911382/208360392.jpg

http://pic20.picturetrail.com/VOL144/5090918/13911382/208360370.jpg

That concludes the tour...phew! Hope you enjoyed. There are countless other renovation projects that I didn't get a chance to photograph. Maybe another day!

klamedia
November 27th, 2006, 08:22 AM
Thank you sososososo mucH! especially the Wilshire Projects! Koreatown is going to be an even more bustling little spot in the near future. Thanx again for the Wilshire/Vermont project which as I passed by today they are calling "On The Line" I believe. These kind of TOD's are the essential mix in our new LA reality.

Westsidelife
November 28th, 2006, 12:24 AM
From blogdowntown:

http://static.flickr.com/110/307845999_f1604e3a25.jpg?v=0

Main Street Gets Lit

I hope everyone enjoyed their Thanksgiving. I didn't really touch a computer since Wednesday, so it's time to play a little catch-up.

I'm not sure exactly when these went up, but I noticed yesterday that Main street is sporting new pedestrian / transit lights. These are the same lights that are getting installed on 7th street. There, though, it's a regular spacing for pedestrians. On Main the lights are huddled around bus stop locations.

They're nice looking lights, and DOT had promised Main street transit lighting as part of the Spring street contraflow removal. It's good to see them finally acting on that.

Westsidelife
November 28th, 2006, 12:29 AM
From blogdowntown:

http://static.flickr.com/121/307846077_c1f5235248.jpg?v=0

Weeneez Finally Open

Weeneez, the Historic Core hot dog shop that's been looking oh-so-close for ages now, finally opened on Saturday. I haven't stopped in yet, but both times I walked by this weekend there seemed to be a good crowd inside.

When I lived in Michigan I used to frequent a shop called G&L Chili Dogs. In fact, the last summer I was back there I worked at a video production company a few blocks away from a G&L. I ate there pretty much every lunch that summer. I'd walk in and sit down at the counter, they'd bring me the usual and I'd be back at work inside of 25 minutes. Cheddar-cheese chili dogs and I were good friends. I'm holding out hope that Weeneez can offer me the same simple chili dog experience.

Weeneez is in the Security Lofts building at the corner of 5th and Spring.

FROM LOS ANGELES
November 28th, 2006, 12:40 AM
Those new lights make dt looks so classy. No mention on how many lights were added though.

Westsidelife
November 28th, 2006, 12:46 AM
I somewhat agree with you on that regard but they're inconsistent with it. Notice there are two different styles going on.

Westsidelife
November 28th, 2006, 01:08 AM
From SSP:

Sorry about all the negative news this morning guys... :(

LA BUSINESS JOURNAL

November 27, 2006

Could plans for L.A.’s convention center hotel be upended by the sudden departure of KB Home Chairman and Chief Executive Bruce Karatz?

The Los Angeles home builder says absolutely not, but there’s some talk of that in the downtown community since Karatz’s resignation from his post last week after the company said he personally backdated stock option grants.

The company’s KB Urban division is planning to build more than 200 residential condominiums above the high-rise hotel, and its participation is considered key to making the project pencil out. (The hotel itself will be operated under two flags: a 124-room Ritz-Carlton hotel atop an 876-room Marriott Marquis.)

However, the departure of Karatz, who has been a big booster of the project, leaves some wondering if the deal could unravel – especially since the downtown condominium market is rapidly losing steam.

“Revenue assumptions are down for condos. The assumptions have got to change,” said a downtown official, who asked not to be identified.

A broker, who also asked not to be identified, noted that Karatz wielded his power to push the hotel deal through even when it didn’t “pencil.” The project is KB Urban’s first and only significant development.

However, officials at KB Home say that Karatz’s departure will not halt the project, which is slated to open in 2010.

“It is not affected by the departure,” said Caroline Shaw, senior vice president of corporate communications for KB Home. “We announced that all the paper work is done and we are meeting regularly, moving forward and meeting the target dates for opening.”

Shaw called KB Urban, headed by Jeffrey Gault, “an integral part of the company” adding that it is “business as usual” as the company looks to launch its portion of the L.A. Live project with main developer AEG.

AEG officials did not return calls seeking comment.

Others in the downtown community also voiced doubts that the project would be altered at this stage. It was first announced in January.

“KB is so far along with AEG on the hotel and condo project that it is unlikely that it will be cancelled,” said Steve Fifield, president and founder of Fifield Cos., a real estate development firm.

Still, the realities of the soft downtown condo market could force some changes to KB Urban’s plans for the high-end condos, dubbed The Residences at The Ritz-Carlton, Los Angeles.

The condo development was announced before the downtown market hit a rough patch. There is speculation that perhaps the condo units will have to be made smaller with the hope that more units will generate more revenue.
This fall Lincoln Property Co. cancelled its plans to sell units at a condo development called Mozaic in the downtown Los Angeles. Instad, units in the high-end development, which feature, granite countertops, hardwood floors and vaulted ceilings are being rented.

Westsidelife
November 28th, 2006, 01:09 AM
From SSP:

OK here we go...

REAL ESTATE: With condo sales stalling, more units are being turned into apartments
By DANIEL MILLER

Los Angeles Business Journal Staff

A developer has shelved plans to build a 30-story condominium tower in downtown Los Angeles, signaling the area’s once blistering condominium market is cooling.

In another sign of a slowdown, increased numbers of individual owners unable to flip their pricey condominium units are trying to lease them, flooding the market with lower cost rentals.

Astani Enterprises Inc. had planned to construct two 30-story towers as part of its luxury Concerto project at Ninth and Figueroa streets. The first, a 350-unit tower, is under construction and should be completed in February 2008. But the second, a 271-unit tower, which was to break ground in June, has been put on hold.

Sonny Astani, head of the Beverly Hills development firm, said that given the state of the downtown condominium market and rising construction costs, the project does not pencil out, even though most units were to be sold for more than $600,000.

“It’s not a good investment to spend $525 a foot to build over three or four years with the hope of netting $650 a foot,” he said. “It’s a horrible investment.”

Astani is not alone.

High construction costs and a glut of product in the downtown market have caused developers to think twice. Between 10 and 15 proposed condo developments have been shelved or scaled back, according to real estate developers and brokers.

Most loathe to admit it publicly, said Delores Conway, director of the Casden Real Estate Economics Forecast at the USC Lusk Center for Real Estate.

“When you talk to the developers nobody wants to admit they are shelving it,” Conway said.

At the same time, prices are dropping for condominiums that are being rented. In August, 81 downtown rental units were listed on Westside Rentals, a popular online rental marketplace, and the asking prices were generally in the $1,900 to $2,100 per month range. In October, 145 downtown rental units were listed, with average asking prices dropping to about $1,600 to $1,800.

“I think people are getting nervous,” said Mark Verge, president and owner of Westside Rentals. “Owners bought this as an investment and now they have to rent their property. A lot of people thought about flipping them and now they have to rent them.”

Astani waits

Of course, not all downtown residential development has stopped. Indeed, the area is still busy with construction and cranes are visible along the skyline.

Another condominium project by Astani called Vero, at 1234 Wilshire Blvd., is under construction. It will be completed in one month, with buyers scheduled to move in beginning Dec. 31. At a kick-off sales event on Nov. 11, about half of the condos at the 200-unit building were sold at an average price of $425,000, Astani said.

However, in addition to the second tower at Concerto that is on hold, Astani said he is considering scaling back plans for a third development called Opus, located at Eighth Street and Grand Avenue.

The development is slated for a total of 875 units, built over three phases. Astani said the first part of the development – a 15-story building that would include 425 units – is about a year away from groundbreaking with construction expected to last about 18 months. However, Astani said he is considering reducing the building to eight stories.

“If I do not see a light at the end of the tunnel in terms of construction costs slowing down, I may still go ahead but my high-rise may become a low-rise,” said Astani, who maintains he is far from the only developer in his predicament. “Almost all (projects) are shelved of anybody who hasn’t started construction.”

Mark Tarczynski, a senior vice president at CB Richard Ellis Group Inc., who has long specialized in the downtown market, agreed that the area is now less attractive for condominiums, though the reason may not have to do with local issues.

“It’s difficult to finance condo towers today for two reasons: Wall Street’s appetite for funding condo development is considerably less than last year because of inventory overhangs in places like San Diego and Las Vegas. And construction costs continue to rise, making high-rise condo development difficult to pencil,” he said.

The high construction costs largely are a result of more expensive materials such as steel and concrete.

Rental boost

One result of the slowdown in condo construction is a boost to the downtown rental market.

Anthony Yannatta, chief executive of Westside Rentals, said that data indicates that the downtown rental market is quickly growing, with speculators and other owners attempting to make some money on their investments at a time when it is difficult to sell units.

“You saw a lot of people speculating on the condo boom,” he said. “With increased mortgage rates, as well as a wait-and-see attitude by homebuyers, the inventory is being converted to rentals and larger developers are investigating rental opportunities.”

In September, Lincoln Property Co. cancelled plans to sell units at its Mozaic condo development near Union Station and instead is renting units there.

Reg DelPonte, a Lincoln Property senior vice president, said that Mozaic had originally been designed as a high-end rental property, but when the condominium market took off it entered into an agreement with builder Standard Pacific Corp. to sell the units instead. Then Standard Pacific backed out of the deal in September and the project reverted to a rental property.
Over the past month, the company has leased about one unit a day. “We are very pleased, to be honest,” DelPonte said. “Had it not been for the wild swing in condos it’s exactly what we envisioned. We are very excited about the market downtown.”

However, DelPonte said he doubted other developers, especially those with luxury projects originally designed as condominiums, would similarly change course.

“They won’t be built now,” he said. “You can’t afford to build it now, and you won’t build it and convert to rental. Buildings designed as condos aren’t going to break ground because they aren’t economically viable.”

However, several developers contacted by the Business Journal maintain they are indeed moving forward with their downtown projects, despite the market naysayers.

Tom Cody, principal with South Group, says his company’s forthcoming twin-tower Jardin development in downtown’s South Park neighborhood is on schedule to break ground first quarter 2007.

“We haven’t scaled back units,” said Cody, adding that his company’s other developments are moving forward as planned. “We see no compelling reason to alter our course.”

Joey313
November 28th, 2006, 03:00 AM
From blogdowntown:

http://static.flickr.com/110/307845999_f1604e3a25.jpg?v=0

Main Street Gets Lit

I hope everyone enjoyed their Thanksgiving. I didn't really touch a computer since Wednesday, so it's time to play a little catch-up.

I'm not sure exactly when these went up, but I noticed yesterday that Main street is sporting new pedestrian / transit lights. These are the same lights that are getting installed on 7th street. There, though, it's a regular spacing for pedestrians. On Main the lights are huddled around bus stop locations.

They're nice looking lights, and DOT had promised Main street transit lighting as part of the Spring street contraflow removal. It's good to see them finally acting on that.


Those street light are two differnet styles
thats odd , they look good though

Elsongs
November 28th, 2006, 04:31 AM
From blogdowntown:

http://static.flickr.com/121/307846077_c1f5235248.jpg?v=0


I believe we have found the site for our December sausage meet. :lol:

Westsidelife
November 28th, 2006, 04:40 AM
Something interesting from SSP. It's just speculation:

Just wondering :uhh: did anyone see the commercial for the apprentice 6 thats going to be filming in LA?(premiers January 2007) Well i saw it and in the commercial you see a kid in on the beach making a sand castle and then you hear a announcement that says "something big is coming to LA" then they show a sand made rendering of what i am assuming the new Trump Tower Los Angeles. Its big tower and it might look as tall as 80 floors. On top of the of the building is an antenna. The building looks round shape like the Library tower but with an antenna on top. I hope it is built in downtown and not in west LA. Well anyways i think its good news if its built in Downtown :rolleyes: Well i thought i might mention it and if anyone knows more, inquiring minds would like to know. ;) Peace.

solongfullerton
November 28th, 2006, 04:53 AM
Those street light are two differnet styles
thats odd , they look good though

The lights are certainly better than the new ones put up recently near Century City on Santa Monica Blvd. Theyre kind of hard to explain, but they have cut outs of random shit on them ie, the alamo, red slippers, and other completely random things.

A couple other things as well, does courtyard madang translate to hollywood and highland in korean? also, god i hate that driving range!!!!!!

godblessbotox
November 28th, 2006, 05:24 AM
madang is a place... not a translation

solongfullerton
November 28th, 2006, 06:55 AM
I know, apparently sarcasm is hard to express over the internet.

godblessbotox
November 28th, 2006, 07:31 AM
...tell me about it

Fern~Fern*
November 29th, 2006, 06:10 AM
Something interesting from SSP. It's just speculation:


^ I think LA, was on good 420 when he heard the voice!!!!:lol:

klamedia
November 29th, 2006, 09:58 AM
Something interesting from SSP. It's just speculation:


This is certainly good news! I figured he was going to be builiding something here and would formally initiate himself into the area. I don't have a problem if this is built in Century City either, LA's other skyline.

FROM LOS ANGELES
November 30th, 2006, 04:16 AM
Sounds nice, now let your imagination run wild with how this building would look like.

Westsidelife
November 30th, 2006, 04:28 AM
From SSP. Not too crazy about it. Remember, it's just speculation.

Here are LA420's photos of the Trump "sand" tower he grabbed from the Tivo:

http://www.pixelmap.com/images/calendar/DSC00232.JPG

http://www.pixelmap.com/images/calendar/DSC00231.JPG

godblessbotox
November 30th, 2006, 04:59 AM
what the hell is that? the leaning tower?


no doubt it will be black with gold accents