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Old May 5th, 2008, 02:03 AM   #401
Don Omar
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LA Real Estate Mogul Plans to Light Up Blade Runner-Style Billboards


Los Angeles, 2019


Los Angeles, 2009

By Vince Beiser
04.21.08
wired.com

Wasn't Blade Runner supposed to depict a bleak, dystopian future? Someone really should tell Sonny Astani. The 55-year-old real estate mogul is planning to bring 2019 Los Angeles to life in the form of two 14-story animated billboards modeled on Ridley Scott's opening sequence. "I saw Blade Runner at least five times," says Astani, whose empire encompasses thousands of Southern California apartment units. "The billboards always struck me." Astani's signs will appear on the sides of adjacent condo towers being constructed in downtown LA. The idea, pending city approval, is to install hundreds of rows of LEDs, each spaced 6 inches apart, across the buildings' floor-to-ceiling windows. Residents will be able to see out, but viewed from a distance the pixel-like lights will coalesce into an image. Now if only he could get some kind of android workforce to build them.
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Old August 26th, 2008, 12:46 AM   #402
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Nothin Happening IN LA anymore?

the new High school of performing arts is interesting. I hate all these schools thier building I dont like the complex on Wilshire where the Ambassador was Its criminal. I dont think we can afford to tear our history down. Too many people view this city as a real estate goldmine and I think the LAUSD is just blowing smoke.
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Old March 24th, 2009, 03:19 AM   #403
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woah
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Old March 24th, 2009, 02:25 PM   #404
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Nice Design! Thanks for posting.
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Old March 25th, 2009, 08:29 AM   #405
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wilshire is beautiful
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Old April 22nd, 2009, 10:57 AM   #406
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Korean Air to build $1billion tower project in Los Angeles!!!

Korean Air has announced plans to develop a $ 1 billion mixed use complex in downtown Los Angeles that will transform the city’s skyline and be a symbol of civic pride for the city’s Korean community, the second largest outside of Seoul. If approved, it will be the first new downtown development project in Los Angeles since the economic downturn and the first major office building to be built there in two decades.

Developed by Thomas Properties Group and designed by Los Angeles based A.C. Martin, the 1.75 million-sq ft project calls for two high rise towers: a 40-storey luxury hotel tower with up to 700 rooms topped with several floors of condominiums and a 60-story office tower connected with plazas and 18,000 sq ft of public space.



While the economy is still in turmoil, the development process in Los Angeles is archaic and thus lengthy. In making the announcement now, Thomas Properties, which has extensive experience building complex projects in the city, is positioning itself to be first in line when the rebound occurs. Jim Thomas, CEO of the development company, told the LA business journal that with its current 88 percent office occupancy level, downtown will need a Class A office building in the next three to five years. To meet that timeline we need to get started right now. Thomas said.



Korean Air and Thomas Properties said they expect financing will be available by the time construction begins in 2011.



LINK: http://www.worldarchitecturenews.com...pload_id=11446


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Old April 22nd, 2009, 11:01 AM   #407
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Another stunning project in L.A

Unveiled: 1340 South Figueroa.



Despite the ongoing real estate slump, a new 43-story residential condominium designed by Daniel Libeskind has been proposed for the southern edge of downtown LA’s South Park neighborhood.

The tower, at 1340 South Figueroa Street, across from the LA Convention Center, is being developed by a consortium of Korean companies called CA Human Technologies. The group is also working on a new mixed-use project on the site of the Wilshire Grand Hotel.



The project's massing follows that of many recent condo high-rises, with its main tower sitting on a podium of parking and retail. In true Libeskind fashion, the steel-clad building’s form is made of a series of angular cuts and protrusions from an otherwise square structure. The project, still awaiting planning approval, includes 273 market rate units—each with its own balcony— two stories of retail, a spa, and seven stories of parking, one of which is underground.

The building team, which also includes structural engineers WSP Cantor Seinuk, hopes to complete construction by 2013. The developer says it has in-house financing, so no delays are expected related to the credit crisis. When constructed, the building will be Libeskind’s first in southern California.



Project: 1340 South Figueroa
Architect: Daniel Libeskind
Location: Downtown Los Angeles
Developer: CA Human Technologies
Completion Date: 2013


LINK: http://archpaper.com/e-board_rev.asp?News_ID=3427


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Old April 23rd, 2009, 02:18 PM   #408
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I dont like the design of 1340 Fiqueroa, it looks like someone punched into its side.
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Old April 23rd, 2009, 05:25 PM   #409
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Great looking projects. Hopefully they will be built.
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Old April 25th, 2009, 07:16 AM   #410
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I'm especially excited for the Korean Air tower...
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Old April 25th, 2009, 11:34 AM   #411
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Quote:
Originally Posted by WA View Post
I dont like the design of 1340 Fiqueroa, it looks like someone punched into its side.
Its a futuristic and very dynamic building of course in my point of vieuw .

Liebeskind is a "avand garde" architect.
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Old April 25th, 2009, 02:28 PM   #412
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Those newly proposed towers are look'in real sharp.
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Old April 25th, 2009, 08:22 PM   #413
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Korean Air looks amazing
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Old May 17th, 2009, 12:08 AM   #414
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heres the article about the tower and some renderings:

Quote:
Originally Posted by San Marino Guy View Post
South Korean firm unveils plans to put its stamp on L.A. skyline
Thomas Properties Group Inc.
The two high-rise towers are rendered in blue in this image.
Conglomerate Korean Air proposes building a pair of high-rises to replace the aging Wilshire Grand hotel. The project would cost $1 billion.
By Roger Vincent and Peter Pae
April 3, 2009

The aging Wilshire Grand hotel and adjoining offices in downtown Los Angeles would be demolished and replaced with a $1-billion hotel, office and retail complex under a plan by one of South Korea's largest business conglomerates.

The proposal is unexpected at a time when builders are backing away from big projects, and when the market for office space and condominiums has softened considerably because of the recession.

At 1.8 million square feet, the project is also a testament to the rising clout of L.A.'s Korean community, the largest outside of Seoul.

"This will be an icon of the Korean community for Los Angeles," said Yang Ho Cho, the chairman of Korean Air, which is developing the project.

Korean Air is the flagship company for Hanjin Group, which has $20 billion in annual revenue from its interests in land, sea and air transportation as well as construction, heavy industry, finance and information services.

Hanjin's involvement raises the project to a new level, marking the first time that a South Korean developer has engaged in an endeavor of this magnitude. The move is particularly significant because the company is what South Koreans call a chaebol, one of the family-owned conglomerates that dominate the nation's economy.

"This is on a bigger scale and it shows the growing clout" of Korean and Korean American investors, said Kyeyoung Park, associate professor of anthropology at UCLA's Center for Korean Studies.

Plans for the project, announced Thursday, call for replacing the 1950s-era Wilshire Grand -- located at Figueroa Street and Wilshire Boulevard -- with a luxurious 40-story hotel with as many as 700 rooms and topped by several floors of condominiums.

Next door would be an even taller building, a sleek 60-story tower with 1.1 million square feet of rentable office space. At ground level would be shops, a landscaped park and a public plaza.

It would be the first major high-rise office building constructed in L.A. since 1992.

The airline has hired Thomas Properties Group, one of the city's best-known developers, to oversee the project.

"It's amazing that anybody has the capacity to engage in new construction right now," said City Councilwoman Jan Perry, who is familiar with the proposal and supports it so far. "I'm looking forward to engaging in the process to move it forward."

But for those familiar with Korean Air, the latest project is not surprising and is in keeping with its roots as a chaebol.

A high-end hotel fits well with the conglomerate's operations in Los Angeles: It makes parts for airplanes, flies the planes here as the busiest Asian carrier at Los Angeles International Airport, runs travel agencies that book the tickets and operates a catering business that serves the food on the planes.

It already owns several hotels in South Korea, including the Hyatt Regency next to the Incheon airport, and drives guests there in its own buses.

The daughter of the chairman of the chaebol runs its hotel division.

Korean Air eked out an operating profit of just $18 million in the fourth quarter of last year but is believed to be in a strong enough financial position to back the hotel project.

Money began flowing from South Korea to Los Angeles in the 1970s but really picked up in the late 1990s, as South Koreans built shopping malls and other projects in Koreatown, helping fuel the growth of Korean banks.

The Wilshire Grand project -- on prime downtown land and outside of Koreatown -- kicks it up a notch, said UCLA's Park.

Thomas Properties Chairman Jim Thomas, who has helped build downtown landmarks including the US Bank Tower, is currently working on a proposed $800-million, mixed-use project in Universal City that would house the new studio and West Coast headquarters of NBC Universal.

Before work can begin on Wilshire Grand, the project must win approval from the city of Los Angeles, a lengthy process. But Thomas said in an interview that if all went according to plan, construction could begin by 2011 and be complete by 2014.

The project is being proposed at a gloomy time for the commercial real estate market, when few buildings are being sold -- much less built. But Thomas said he believes that will turn around by the time the project is ready to go.

"Construction costs are going down," Thomas said. "This is the best time to get started."

Los Angeles architect David Martin, a principal at AC Martin Partners, is designing the project. Martin designed the Figueroa-at-Wilshire high-rise across the street from the Wilshire Grand in 1990 and more recently worked with Thomas building the environmentally friendly California Environmental Protection Agency headquarters in Sacramento.

His modernist design calls for the towers to be situated on the site at a north-south angle to take advantage of sunlight, and may include a photovoltaic skin to create solar power. Some windows would open to an exterior clad in glass and perhaps terra cotta.

The new hotel, located across the street from a subway station, would have fewer rooms than the 896-room Wilshire Grand but would be more luxurious, Thomas said. It would also have meeting and banquet facilities supported by parking for 1,700 cars.

The Wilshire Grand, built in 1952, was originally a Hotel Statler and later a Hilton. Once one of the city's best hotels, it is now a mid-market inn catering to conventioneers and tour groups from overseas. The property is a few blocks north of Staples Center and has office wings that are 15 stories high.

Korean Air bought the hotel in 1989.

Hanjin's connection to Los Angeles runs deep. The chairman, his brother, his sister and his three children all graduated from USC. The chairman, known as Y.H. to his American friends, is on the USC board of trustees.

At LAX, Korean Air is the busiest Asian carrier, with six departures a day, all of them operated on jumbo jets such as the Boeing 747 and 777 wide-body aircraft.

Next year, the airline expects to be the first Asian carrier to operate the Airbus A380, the world's largest passenger jet, at LAX.

Despite a global downturn in air travel, Korean Air is one of the few foreign carriers that have been adding flights, particularly at LAX, as it has expanded its marketing to Chinese and American passengers flying to Asia.

In an interview with The Times this week, Cho, the Korean Air chairman, said the airline had anticipated the economic downturn and began building up its cash reserves more than a year ago.

"We expected some problems and we prepared by accumulating cash," Cho said, adding that the airline also began expanding to emerging markets in Eastern Europe and Africa.

While the number of South Korean travelers fell 20% last year, overall passenger traffic increased, he said.

[email protected]

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image hosted on flickr


image hosted on flickr








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Old May 17th, 2009, 12:10 AM   #415
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this along with 755 Figeroa will provide a nice infill and canyon effect on the 110 freeway going through downtown.
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Old February 4th, 2010, 01:06 PM   #416
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It looks like this is going up after all. According to the downtwon news they are getting thier constuction loan and ground could break ground in three months
http://www.parkfifth.com/




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Old February 4th, 2010, 02:19 PM   #417
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Hurah!
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Old February 5th, 2010, 01:36 AM   #418
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this would indeed be great news, but the whole thing has been greeted with some skepticism and probably should be until something concrete happens. It seems odd that a new developer would jump so heavily into a speculative project in a dicey area. But let's hope so.

Also exciting (and more likely) is the proposed Broad art gallery a couple of blocks up the hill on Grand. At least that has serious funding and commitment behind it and would real help in tranforming DT into a cultural concentration of world class.
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Old April 15th, 2010, 06:23 AM   #419
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Has this been posted yet?

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Old April 15th, 2010, 06:36 AM   #420
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Turn the Hollywood sign into a... is it a hotel? Condos? to that, but I do like the notion of a public observation platform in the area.
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