8TH & GRAND | 7 FLOORS | U/C

[pesto]

Only 3 years and 3 months later! This one gives me some hope since Astani is clearly committed to DT and seems to be putting funding together.

I guess the Clips have 11.5M less for basketball operations. Not that Sterling was going to spend any of it.

[pesto]

A couple of more thoughts: this would be the tallest building that far east, even if only the 35 story one goes up (I thnk). Main, Bway and Hill don't have as many issues with large vacant lots (or highrises) since they were densely filled under the old height laws and this one gobbles up a huge one between Grand and Olive. It also addresses Grand and 8th both of which need help and are logical for in-fill as well.

The whole jewelry district around the corner has huge potential. In general, beautiful old buildings and businessmen that should be able to adapt to increased housing and money (that's what businessmen do). Maybe not all jewelry stores. How about design, home furnishings, etc.?

[rst22]

Is this project canceled?

[vidgms]

Originally Posted by rst22

Is this project canceled?

Because you asked, it officially is. Finally we can start posting the backlog of news about this projects cancellation now that someone has asked! Thanks man, all these saved news links are really starting to become to much to handle.

[tanzirian]

One problem is that current projects are listed in "Development News", which is a subsection within a subsection, and they are thus secluded from the casual person who might come to browse this subforum. On the other hand, subsections like "Projects" and "Our Buildings" highlight projects that are either stale or cancelled proposals, or are completed. The prominence given to these old projects is why people keep commenting on them.

[soup or man]

First the good news: 8th and Grand lives!

Now the bad: It will be 7 stories. Which isn't exactly bad as seven stories is still a nice size.

But there is more good news: It's still going to be a large project.

The Developer proposes to develop the revised Project in two phases as follows:

Phase I. Phase I will be located on the west side of the Site fronting Grand Avenue and a portion of Eighth Street. The 7 story building will contain 240 residential units on 208,370 square feet of floor area, and 16,085 square feet of neighborhood commercial retail uses, including approximately 2,425 square feet of restaurant space.

Approximately, 26,180 square feet of open space will be provided partially within private balconies and an elevated courtyard.

One and one half levels of parking will be provided with the first level located at grade and one subterranean level below. Vehicular access for the subterranean level is proposed to be exclusively located at the northern portion of the Site at Grand Avenue, while vehicular ingress and egress for commercial and guest parking is proposed off of Eighth and Olive Streets.

Phase II will occupy the remaining portion of the Site (on the east), and will front Olive Street and a portion of Eighth Street. The proposed building will contain 460 residential units on 359,260 square feet of floor area, and 13,165 square feet of neighborhood commercial retail uses.

Approximately 49,955 square feet of open space will be located within two elevated central courtyards, private balconies, fitness room and within the rear yard. Three levels of parking will be provided with the first level located at grade and one and one half subterranean levels below. Vehicular access will be the same as the Phase I.

The Developer’s goal is to bring a small neighborhood-serving grocery market to the commercial space in Phase I.

The Developer proposes to provide approximately 77,000 square feet of open space. Once complete, this open space will consist of two central courtyards (serving Phases I and II) with landscaped open/gathering spaces and private balconies. The central courtyard of Phase I will be mostly open and will feature a pool located at the northern portion of the Site.

Phase II will extend the courtyard and feature an additional pool as well as a spa and a large landscaped area. These amenities will be available to all Project residents. An additional landscaped area will be provided within the rear yard of Phase II and serve as additional open space. Further, the proposed Project will have 254 trees. A fitness room/gym of 7,300 square feet is also envisioned.

http://blogdowntown.com/2011/12/6524...o-move-forward

[pesto]

7 stories seems to be the new "black" these days. I guess the reality is that downtown is going to be predominantly on the low end of mid-rise and rental. But, as soup notes, it's going to take up some space in what should become a thriving urban area.

Hope it shows some respect for the style of the neighborhood.

[Thundergod]

254 trees....that sounds good

[LosAngelesSportsFan]

this was by far my favorite proposed project in downtown and i was really hoping it would get built as originally planned, but reality has hit!

Either way, im still holding out hope that its at least visually appealing, non stucco because its such an important parcel. Hopefully this will be the first domino in the area that has WAY WAY WAY to many parking lots, garages and deadzones. 8th street has so much potential, as does the jewelry district so this is a good first step. Hopefully the project can bring a world market / fresh and easy to the area as well as small restaurants. Also, bringing in 1000 or so new residents is a HUGE gain for the area.

[slipperydog]

Originally Posted by soup or man

First the good news: 8th and Grand lives!

Now the bad: It will be 7 stories. Which isn't exactly bad as seven stories is still a nice size.

But there is more good news: It's still going to be a large project.



http://blogdowntown.com/2011/12/6524...o-move-forward

PICS or GTFO

[LANative]

Its better than a parking lot that's for sure. Hopefully some of the downtown parking lots could be potential parks as well.

And I hope this project will be built soon considering L.A. has a habit of taking forever when breaking ground on a project.

[ErnCas]

LA can reallly use a nicely-finished low-rise project to act as land fill up-it's that or nothing!

[LosAngelesSportsFan]

Thought i would share this nice little quote from Astani...

http://www.ladowntownnews.com/news/s...871e3ce6c.html

"As the recession recedes, the challenge for a new generation of developers will be to make these buildings less ‘Irvine' looking, more ‘global city' looking," Astani, who was traveling in Asia, said in an email."


and this tidbit

Financing for Angelena will be in-house, and includes $50 million already attached to the project, Astani told Los Angeles Downtown News. The project will eschew the wood framing and stucco that is common in low-rise apartment complexes and instead will employ glass, concrete and steel.

while we would all like the original project to move ahead, at least this wont be crap. i, for one, would love to have 10 Astanis developing in downtown right now.

as an added bonus, i will be able to provide a lot of updates on this project as its right outside my window

[desertpunk]

Too bad about this promising one being given the chop. Here's the details: (PDF)
http://api.viglink.com/api/click?for...13240670999734





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[desertpunk]

Originally Posted by LANative

Its better than a parking lot that's for sure. Hopefully some of the downtown parking lots could be potential parks as well.

And I hope this project will be built soon considering L.A. has a habit of taking forever when breaking ground on a project.

Plenty of room for parks and towers lol:


http://theurbanobserver.com/2011/10/...uth-park-site/

[klamedia]

Lol! Yes, lots of room!

[soup or man]

Which is why I scoff at those who moan and groan that this should've been taller. It isn't as though DTLA has no shortage of parking lots where something tall could be built on. 7 stories is not short at all.

[Mojeda101]

78 towers...

[LosAngelesSportsFan]

the good thing is that a significant portion of those lots have projects planned and / or approved. now all we need is for the banks to release capital.... slowly but surely

[Mojeda101]

Status of this project?