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Old May 12th, 2012, 08:06 PM   #461
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It's not downtown?
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Old May 16th, 2012, 08:24 AM   #462
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LA Downtown News

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South Park Apartment Complex Adds Third Building



Posted: Friday, May 11, 2012 by Richard Guzman City Editor

DOWNTOWN LOS ANGELES— Plans for a major apartment complex in South Park just got a little bigger.

A groundbreaking is set for May 22 for the newly named The Avant, a now three-building, 440-unit project from developer Century West Partners, a partnership between Chicago-based Fifield Companies and Los Angeles-based Michael Sorochinsky of Cypress Equity Investments.

It was originally planned as a $95 million pair of seven-story apartment buildings set to rise on two parking lots at 1340-1360 S. Figueroa St. and 1355-1365 S. Flower St. The price with the third building has not yet been announced.

According to a project representative, plans for a third building at 1500 S. Figueroa St. will be part of a second phase of the development.

The two seven-story structures will be built simultaneously and will be connected by a walkway. That portion of the project is expected to be complete by the end of 2013.

Phase two is scheduled to break ground in early 2013. No completion date has been announced.

[...]
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Old May 17th, 2012, 12:52 PM   #463
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Work Set to Begin at Koreatown's Giant The Vermont Towers



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We haven't heard much lately about The Vermont, the proposed two-tower megaproject across from the subway station at Vermont and Wilshire. Developer JH Snyder has gotten some good news from Uncle Sam: the Housing and Urban Development department announced on Friday that they were giving Snyder a $12.5 million loan, which will fund the retail and parking components of the project. The Community Redevelopment Agency was supposed to push $17.5 million toward this project last year; it's not clear if it got to Snyder before the CRA was killed by Governor Brown. Anyway, HUD describes the project as thus: "The Vermont will provide approximately 35,000 square feet of retail space, 464 market-rate apartment units, and 910 indoor parking spaces." The towers will be 22 and 28 stories and there will also be a quarter-acre central courtyard. We've seen a lot of action going on at the site, though a building permit was just pulled a week ago.
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Old May 17th, 2012, 02:08 PM   #464
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New South Park Hotel Renders Out:

Quote:

May 15, 2012by Jed TarrLeave a comment

Located on a small 7,500 square foot in-fill lot, next door to the Luma building, and which was expected to be turned into a city park after being used as a drug den for dealers over the past several years; is a new hotel in the works. The building is expected to be 65,000 square feet, and contain anywhere between 40 and 60 rooms, according to the developer, who bought the site for $2.1 million in 2011. The property is located at 1130 S Hope Street.

http://theurbanobserver.com/


http://theurbanobserver.com/


http://theurbanobserver.com/

Existing structure at 1130 S. Hope St.

http://theurbanobserver.com/
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Old May 17th, 2012, 05:10 PM   #465
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great projects!!
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Old May 21st, 2012, 11:55 PM   #466
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Still Supertall???

Los Angeles Times

Quote:
Downtown Los Angeles hotel will have lobby on 70th floor


The Old Wilshire Grand being demolished.

With work set to begin soon on a $1-billion luxury hotel in downtown Los Angeles, developer Korean Air revealed some details about the tower that is expected to dramatically alter the city’s skyline.

The skyscraper will be the second-tallest structure in Southern California at 70 stories, only slightly shorter than the US Bank Tower office building, said Yang Ho Cho, chairman of Korean Air. The design is still a work in progress, but guests are expected to be whisked by high-speed elevators to the lobby on the 70th floor, where they will check in. The top floor will also have a restaurant, bar and infinity swimming pool.

Korean Air and Los Angeles architect A.C. Martin Partners Inc. have yet to settle on a shape for the building at Wilshire Boulevard and Figueroa Street or pick an operator for the four-star hotel. It will, though, be stacked starting with shops, restaurants and ballrooms on the lowest seven floors. Next will be 20 stories — about 400,000 square feet — of offices for rent. The floors above will house 900 hotel rooms.

The tower will be swathed in photovoltaic lights that will be intense on the lower floors, lighter in the middle and intense again on top. Advertising will be included. “It’s about art with built-in messages,” said Christopher Martin, chief executive of A.C. Martin.

Korean Air is selling the contents of the former Wilshire Grand hotel, which occupies the site now. Demolition of the hotel built in the 1950s is set to begin this summer. The new building will open in January 2017, Cho said.

---

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Old May 30th, 2012, 03:27 PM   #467
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CIM Group Romps On Both Coasts


Renaissance Hollywood Hotel & Spa (Oyster.com)

Quote:
A Los Angeles-based real-estate investor that has been an aggressive buyer in New York is selling a prime Hollywood hotel and a downtown Manhattan lot as it edges closer toward completing financing for its $1.2 billion project on Park Avenue.

[...]

CIM, which was formed by two former Israeli paratroopers and a former Drexel Burnham Lambert executive, has made a splash in New York in recent years. The firm has picked up control of a number of distressed properties, including the William Beaver House residential building and the former Drake site, which had been one of the prized possessions of developer Harry Macklowe.

When CIM acquired the Drake site, it kept Mr. Macklowe on as developer. The condo project planned for the site will have 128 units and an expected average sales price of $4,500 a square foot, according to documents reviewed by The Wall Street Journal.

CIM expects to presell about 40 condos, with construction completed around 2015, the documents said.

While $4,500 a square foot is close to top of the Manhattan condo market, it still would be under recent sales at rival Manhattan developments Time Warner Center and at One57, a 1,000-foot-plus tower that Extell Development Co. is building across from Carnegie Hall.

CIM also made headlines earlier this month when Dolby Laboratories Inc. DLB +0.05%reached a 20-year agreement for the naming rights to the firm's Kodak Theatre, in Hollywood, which is where the Academy Awards are staged. Dolby is paying above the nearly $4 million a year that was paid by Eastman Kodak Co., EKDKQ +2.86%which relinquished the naming rights after the company filed for bankruptcy protection in January.

CIM purchased the Kodak Theatre, the Renaissance Hotel and the adjoining Hollywood & Highland shopping center in 2004 for $201 million.

Since opening in 2001, the Renaissance has been a part of Hollywood's continuing transformation from a scruffy tourist attraction to a place where locals spend more time shopping and eating, and visitors stay overnight.

Loews is expected to spend $26 million on additional renovations later this year, say people familiar with the matter.
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Old July 3rd, 2012, 06:02 AM   #468
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Westfield finally About To Start On 39 Story Century City Tower



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Holy cow, remember Westfield's plans to put up a 39-story tower at Santa Monica Boulevard and Avenue of the Stars, next to its Century City mall? Plans were approved three years ago. But now it is totally on and it's going to have a ground floor Bloomingdale's, reports the LA Business Journal (sub. req.). The mall owner also has plans to add a second story to the mall, with room for more stores and commercial offices, and hopes to start the whole project in late 2012 and finish it up by 2017. The plans call for a 39-story tower with 262 residential units and that Bloomingdale's--that building would replace the Welton Becket-designed 1801 Avenue of the Stars, which some people had hoped to preserve. According to the LABJ, Westfield is offering the office tenants there lease renewals "of only about a year as it readies for demolition."


The site at 10000 Santa Monica Blvd was once slated to be Jean Nouvel's 'the Leafy Green Tower':
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Old July 3rd, 2012, 06:07 AM   #469
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Team Picked to Reimagine Union Station and Surroundings


Vision of DTLA 2050 by Gruen-Grimshaw

Quote:
It's now officially official: the Metro board voted today to hire LA-based Gruen Associates and UK-based Grimshaw Architects to create a master plan for Union Station and about 40 acres surrounding it (Metro bought the station and land last year). The idea is to jumpstart the area and hook it up with the surrounding neighborhoods and already-happening Downtown. According to a press release, "The master planning process will encompass near term passenger and other circulation improvements as well as longer term rail and joint development opportunities, including an analysis of high speed rail station alternatives. It also will create better access for pedestrians and bicyclists and clearer linkages among the transit modes on site. Finally, the master plan team is charged with exploring close linkages with Union Station’s neighbors and downtown itself that will support and catalyze activities in the city around the station."
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Old July 3rd, 2012, 06:12 AM   #470
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DTLA's Civic Park Partially Opens

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Old July 3rd, 2012, 06:35 AM   #471
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First Expo Line Adjacent Mixed Use Starts In Culver City



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Many Expo Line riders getting off at the new Culver City station have noticed that the dingy set of buildings catty-corner to the stop have been leveled. The southeast corner of Washington and National, across from the awesome Surfas restaurant supply store, is the site of developer Legado's planned Legado Crossing development. Legado CEO Derek Jones confirms the first step in building the mixed-use project started with the recent demolition, while a groundbreaking will hopefully take place by the end of the year. Completion is expected by first quarter 2014. The project will have 115 market-rate apartments, with one-, two-, and three-bedroom units--the one-bedrooms will be about 700 square feet, with the three-bedrooms approximately 1,800 square feet. There will also be 31,000 square feet of groundfloor retail space, with about four or five spots carved out (the developer is pursuing a small grocer, drugstore, and restaurants). A 9,500 square foot public plaza is planned at the southeast corner of Washington and National, with more public hangout space on the development's second floor.
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Old July 3rd, 2012, 06:37 AM   #472
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South Park Double Marriott Set To Start Work Next Month



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South Park's double Marriott building held a "launch event" in March, at which it was declared that "work" would start in April (as promised). Now it is nearly July and here comes a press release announcing the actual groundbreaking: "Foundation footings will begin pouring this week on the project." Perhaps the timing has something to do with those tax breaks the city just approved.
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Old July 3rd, 2012, 06:41 AM   #473
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Grand Ave's Trinity Auditorium To Become The Empire Hotel



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Lower Grand Avenue: the new Spring Street? Probably not, but there's lots of good news for this moribund stretch of downtown. Earlier today we learned developer Sonny Astani was selling his entitlements at Eighth and Grand, with work possibly starting later this year on the giant mixed-use project there. Now, Brigham Yen reports that right next door at Ninth and Grand, the Embassy Hotel/Trinity Auditorium--site of a planned Gansevoort West that never got off the ground--will become the Empire Hotel (mysterious workers were spotted at the auditorium in October), and possibly be operated by King & Grove. K&G run a handful of ritzy New York hotels and one in Miami (think a more upscale, slightly older Ace chain) and will be operating the Chetrit-owned Hotel Clark at Fourth and Hill. The Empire (shades of Gossip Girl!) will be the latest incarnation for the nine-story, 1914 Beaux Arts stunner once known as the Trinity Auditorium (and also owned by Chetrit). According to city documents, there will be 183 rooms, a bunch of restaurants, bars/lounges, pool deck, and two health spas.
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Old July 3rd, 2012, 06:45 AM   #474
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Land Swap May Speed The Way For New Federal Courthouse Downtown



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Federal officials want to construct a new office building next to a long-planned courthouse in downtown Los Angeles, a proposal that may appeal to congressional Republicans because of a novel development plan.

Both the courthouse and office building would be erected on a vacant, fenced-off site at 1st Street and Broadway. The office building would house the U.S. attorney and Department of Homeland Security workers.

Dan Tangherlini, acting administrator of the General Services Administration, is offering a novel plan that he says will save taxpayers millions of dollars: swapping the Spring Street site of the existing Depression-era U.S. courthouse with a developer who would, in exchange, construct the new office building at an estimated cost of $50 million to the developer.

The proposal arrives at a time when the GSA is under scrutiny on Capitol Hill, most notably for its $823,000 Las Vegas-area conference in 2010 but also for its management of federal properties. Rep. Jeff Denham (R-Turlock), who chairs the House subcommittee overseeing federal buildings, has been critical of the courthouse project, calling it unnecessary.

However, on Friday he said, "It's about time GSA wants to dispose of the Spring Street property in L.A. I look forward to seeing the numbers that offer a reduction in the federal footprint and a reduction of the federal debt."

Plans for the long-stalled new courthouse are moving ahead, with a design-construction contract set to be awarded this fall, said Tangherlini in a letter to lawmakers. The courthouse is scheduled for completion in 2016.

Tangherlini said his proposal to exchange the "outdated" Spring Street courthouse for a new federal office building would save taxpayers "hundreds of millions of dollars in avoided renovation costs and lease payments."

"In line with the administration's goals, I believe this plan meets our responsibility to effectively utilize federal real estate and make decisions in a cost effective way," he said in a letter to lawmakers.

The developer who takes over the old courthouse would be responsible for building the new 150,000- to 175,000-gross-square-foot office building next to the proposed 650,000-square-foot courthouse.

How the old courthouse will be used may not be known until a developer steps forward with a proposal. In Washington, D.C., GSA officials have leased the Old Post Office Building to Donald Trump to turn into a luxury hotel.
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Old July 3rd, 2012, 06:49 AM   #475
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Huge Eighth & Grand Mixed-Use Site Sells, Work to Start By Fall



Quote:
Well, well, well, looks like Downtown developer Sonny Astani was only securing approvals for the huge (but scaled-back) mixed-use project at Eighth and Grand in order to make a big ass sale to what is possibly a hyperintelligent development robot?--he's just offloaded the property to "a Colorado limited liability corporation called CPIVG8 for $63 million ... one of the most expensive land deals ever in downtown L.A.," reports the LA Times. CPIVG8 will probably start work in the next couple months (enormous sales! groundbreakings! the downturn is over!). The project is set to have 700 residential units, a 40 foot rooftop pool (with lounge and cabanas), about 36,000 square feet of retail space, nearly an acre of open space, and 737 parking spaces. The site is currently a parking lot.
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Old July 14th, 2012, 03:15 AM   #476
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High Rise Apartment Complex Slated For South Park



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Posted: Monday, July 9, 2012 12:48 pm


DOWNTOWN LOS ANGELES — A proposed Downtown high-rise that was shelved during the recession is back on track with an ambitious schedule.

Officials with Atlanta-based Wood Partners announced on Friday, July 6, that construction on an all-glass 22-story apartment tower will begin in September. They anticipate that leasing will start in the summer of 2014.

Although budget details have not been released, plans call for the project to rise at 801 S. Hope St. on what is currently a parking lot. The 290-unit building would include one- and two-bedroom residences with floor-to-ceiling glass walls, balconies, a pool deck, a six-floor parking garage (including two underground levels) and 5,000 square feet of retail space.

Wood Partners purchased the site in 2008 and began planning a high-rise, but put it on hold shortly thereafter due to the economic downturn. Company officials said high demand for apartments and low construction costs helped restart the plans for the as-yet-unnamed project.
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Old July 14th, 2012, 07:22 PM   #477
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This is great news... I used to work right across this lot and I remember how desolate the whole area behind Macy's Plaza used to look. South Park has really evolved and it will continue to do so.
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Old October 13th, 2012, 08:10 AM   #478
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Ground Broken At Blvd6200 Site


http://argylecivic.org/html/neighborhood_news.html
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Old October 13th, 2012, 08:14 AM   #479
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Village At USC One Step Closer To Full Approval


http://www.cgarchitect.com/2012/04/t...of-usc-village

Quote:
Finally, after kicking the can down the road a couple times, the City Council's Planning and Land Use Management Committee has signed off on The Village at USC, which would replace the crappy old University Village mall with 200 acres of new retail, dorms, a grocery store, and green space. Now that PLUM has approved it, the project can move onto the full City Council for a vote. The committee had previously delayed making a decision because community members are worried about the gentrifying effects of the project--fancy new amenities could turn into higher local rents, forcing out current residents. But USC has now agreed to spend $20 million on keeping up affordable housing in the area and to give hiring priority to workers who live within five miles of the campus.
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Old October 13th, 2012, 08:26 AM   #480
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Columbia Square Mixed Use Plans Scaled back



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Throw another one on that big pile of good news for Hollywood development--the front's been quiet for a while on the huge Columbia Square mixed-use development, but now it's sold and the new owners say they're going ahead with a slightly smaller version of the plans. The project approved in 2010 included a (very controversial) 28-story condo tower, a seven-story hotel, and a 17-story office tower on the site of the old CBS Studios complex at Sunset and Gower. Kilroy Realty Corp. has now picked up the campus and those approvals for $65 million, according to a press release, and intends to build: "At full build-out, the 4.7 acre Columbia Square site in Hollywood will include a mixed-use development of up to 650,000 square feet, reduced from a recently entitled 875,000 square-foot project." According to The Hollywood Reporter, that'll include "three office buildings and a residential tower."
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