LOS ANGELES | METRO Project Rundown 2.0 (non-downtown)

[Illithid Dude]

Was deeply worried that Omni was going to demolish the architecturally significant remnants of the old art deco camera store, so I am thrilled to see they are seeking to preserve the entire streetwall. No new development can replicate that type of organic, fine grain urbanism, so it's lovely Omni isn't even going to make the attempt.

[caligrad]

So you lost a "tug of war" and decided to play it like you won it anyway? Whatever.

Please don't quote me in a different thread than the one in which I initially posted the quoted material.

There is no "playing it like you won it anyway" since people routinely post Long Beach stuff here as well and bring up projects here and there on occasion, so sorry if the fuss caught me off guard, but I totally get it. Some of us get caught up with being on here ALL the time and act like it's a second job reposting articles lol. It's time consuming with reposting articles we didn't write, takes a lot of hard work.

(Group hug) Sorry for reposting an article from an outside source, I understand your pain and anguish. Now that we're clear, I'll continue to post in the forms I want. We can't all be faux mods just because we post a lot :haha:.

Also. Thanks for trying to keep the Long Beach thread alive. I'll be expecting your weekly posts :cheers:

[craigs]

There is no "playing it like you won it anyway" since people routinely post Long Beach stuff here as well and bring up projects here and there on occasion, so sorry if the fuss caught me off guard, but I totally get it. Some of us get caught up with being on here ALL the time and act like it's a second job reposting articles lol. It's time consuming with reposting articles we didn't write, takes a lot of hard work.

(Group hug) Sorry for reposting an article from an outside source, I understand your pain and anguish. Now that we're clear, I'll continue to post in the forms I want. We can't all be faux mods just because we post a lot :haha:.

Also. Thanks for trying to keep the Long Beach thread alive. I'll be expecting your weekly posts :cheers:
Bitter, table for one!

[hughfb3]

Umm... I had no idea that Intuit Dome was up to structural steel deployment.

https://live.staticflickr.com/65535/52470774694_4202fb6230_b.jpg

https://live.staticflickr.com/65535/52470774674_7b26eaf8bb_b.jpg

https://live.staticflickr.com/65535/52470002292_dfc893ff90_b.jpg

On another front, this 6 story wood frame on La Brea and 12th in mid city is an example of a nice Southern California style densifying city. Not like these modern box 5-7 stories. More of this please

https://live.staticflickr.com/65535/52470002267_262c9de351_b.jpg

[LosAngelesSportsFan]

Agreed on both points! Thanks for the updates

[Easy]

Nice update hughfb3. You really get around.

[colemonkee]

I drive by that 12th and La Brea building almost daily and can confirm it's turning out really nicely in person. The retail space on the corner is double-height due to the grade change on La Brea, so it should be a really nice cafe or restaurant space. Here's hoping something cool goes in there. It's not a particularly pedestrian thoroughfare there, and hope this helps change that over time. It's mostly still auto repair shops, with a few galleries, cafes, and fast food eateries along that stretch of La Brea.

[a9l8e7n]

Update to the new multi-story complexes developments on Burbank Blvd in Sherman Oaks under construction. Looks like both are almost complete. Landscaping and interior work is left.

https://twitter.com/LA_Construct/status/1588271476238471168

https://la.urbanize.city/post/sherman-oaks-14534-burbank-boulevard-senior-housing

https://pbs.twimg.com/media/FgqsedoVIAAdhqc?format=jpg&name=medium

https://pbs.twimg.com/media/Fgqsex8VIAApl6V?format=jpg&name=medium

https://pbs.twimg.com/media/FgqsfEFUcAAWZ9f?format=jpg&name=medium

https://pbs.twimg.com/media/FgqsfW9VUAIP2Sv?format=jpg&name=medium

[a9l8e7n]

Via Avanti Complex coming along. Piling seems to be finishing up and there is a clear amount of shoring.

https://twitter.com/LA_Construct/status/1592207634022961152

https://la.urbanize.city/post/redesign-unveiled-big-sherman-oaks-apartment-complex

https://pbs.twimg.com/media/FhioZTNUoAAKcpq?format=jpg&name=medium

https://pbs.twimg.com/media/FhioZndVUAAp85z?format=jpg&name=medium

https://pbs.twimg.com/media/FhioZ7RUUAAxLoR?format=jpg&name=medium

[LA21st]

Nice. I'm at the intersection all the time.

[colemonkee]

Is that at the intersection of the 405 and 101 just north of the Sherman Oaks Galleria? That's been around forever!

[a9l8e7n]

Is that at the intersection of the 405 and 101 just north of the Sherman Oaks Galleria? That's been around forever!

Yup! It is finally being developed!

[ChelseaFC]

Two harbor redevelopments moving forward...

San Pedro: https://la.urbanize.city/post/construction-begins-waterfront-west-harbor-development-san-pedro

https://ca-times.brightspotcdn.com/dims4/default/9f0b59c/2147483647/strip/true/crop/5460x3640+2+0/resize/840x560!/quality/80/?url=https%3A%2F%2Fcalifornia-times-brightspot.s3.amazonaws.com%2F14%2F2a%2F56b1d8a24951935829bddcc5c693%2Ffi-west-harbor-rendering-1.jpg
https://static.wixstatic.com/media/162bd7_eca8b5e7d5a94d09bf038dc853e69c60~mv2.jpg/v1/fill/w_640,h_450,al_c,q_80,usm_0.66_1.00_0.01,enc_auto/210721%20WH%20View%2003.jpg

Dana Point: https://www.ocregister.com/2022/11/17/heres-what-the-450-million-renovation-of-dana-point-harbor-will-look-like/

https://www.ocregister.com/wp-content/uploads/2022/11/OCR-L-DANAHARBOR-1117-01-2.jpg?w=780
https://www.ocregister.com/wp-content/uploads/2022/11/OCR-L-DANAHARBOR-1117-05-1.jpg?w=780
https://www.ocregister.com/wp-content/uploads/2022/11/OCR-L-DANAHARBOR-1117-07-1.jpg?w=780

[colemonkee]

I love both of these!

[112597jorge]

I don't really like the architectural design for the Dana Point one. Looks very Pacific Northwest or something suited in a gray/cold/industrial setting... would have liked something Spanish style like neighboring San Clemente is known for. If I didn't know better and I was walking down that waterfront once completed I wouldn't even think I'm in Southern California.

I like the added color for the San Pedro one even though it does give off very industrial vibes by the massing of the structures.

Also personal choice here but I hate sycamore trees by the ocean. Not exactly sure if that's the plan but looks like it by the renders... would much rather prefer jacaranda, african tulip trees, and that yellow flowering tree (forgot name) with some scattered palms.

otherwise solid additions. sure they will be great spots.

[CaliNative]

Two harbor redevelopments moving forward...

San Pedro: https://la.urbanize.city/post/construction-begins-waterfront-west-harbor-development-san-pedro

https://ca-times.brightspotcdn.com/dims4/default/9f0b59c/2147483647/strip/true/crop/5460x3640+2+0/resize/840x560!/quality/80/?url=https%3A%2F%2Fcalifornia-times-brightspot.s3.amazonaws.com%2F14%2F2a%2F56b1d8a24951935829bddcc5c693%2Ffi-west-harbor-rendering-1.jpg
https://static.wixstatic.com/media/162bd7_eca8b5e7d5a94d09bf038dc853e69c60~mv2.jpg/v1/fill/w_640,h_450,al_c,q_80,usm_0.66_1.00_0.01,enc_auto/210721%20WH%20View%2003.jpg

Dana Point: https://www.ocregister.com/2022/11/17/heres-what-the-450-million-renovation-of-dana-point-harbor-will-look-like/

https://www.ocregister.com/wp-content/uploads/2022/11/OCR-L-DANAHARBOR-1117-01-2.jpg?w=780
https://www.ocregister.com/wp-content/uploads/2022/11/OCR-L-DANAHARBOR-1117-05-1.jpg?w=780
https://www.ocregister.com/wp-content/uploads/2022/11/OCR-L-DANAHARBOR-1117-07-1.jpg?w=780

I'd love to see San Pedro develop along the lines of Long Beach. I could envision some housing towers along the nicer parts of the waterfront. San Pedro has always been a forgotten part of L.A. Hopefully it will shine up nicely. Perhaps a spur of the Blue Line that goes to Long Beach could be built through Wilmington to San Pedro. Is the Harbor Freeway bus line enough?

[Quixote]

About. Fucking. Time.

I have lots of pet peeves about LA's idiosyncratic urban design quirks, and this is one of them:

L.A. City Council motion aims to stop "spot road widening"

https://la.urbanize.city/post/la-city-council-motion-aims-stop-spot-road-widening

[hughfb3]

Wilshire Center's Double tower rising. I always get this one at night.

Wilshire tower
https://live.staticflickr.com/65535/52538721249_ed0e588d1c_b.jpg

https://live.staticflickr.com/65535/52537966002_d7177801cc_b.jpg

6th Street tower

https://live.staticflickr.com/65535/52538721264_6a6fb18401_b.jpg

Also, I completely missed that CA updated the building codes last year to allow for tall timber buildings up to 18 floors. I'm excited about the next phase of development as the 7 story Type 3-over-1 stick frame may no longer need to be the dominant form of densifying the cities. Check out the article. It’s a great read!

https://csengineermag.com/code-changes-advance-mass-timber-across-california/amp/

https://live.staticflickr.com/65535/52538905355_89a0641fe7_b.jpg

https://csengineermag.com/code-changes-advance-mass-timber-across-california/amp/

[craigs]

Wilshire Center's Double tower rising. I always get this one at night.
Thanks for the photo updates, hughfb3. Does anyone have a link to renderings of this project?

[hughfb3]

Thanks for the photo updates, hughfb3. Does anyone have a link to renderings of this project?

http://www.jamisonpropertieslp.com/copy-of-kurve

[Easy]

Thanks for the photos hughfb3. I got off at Normandie station for the first time in many months and was surprised to see that going up across the street. Koreatown is getting taller.

[N. Fred]

I walked by 806 W. Adams Boulevard this week, and it's pushing dirt. 102 five-bedroom apartments. I think the whole area around Adams and Figueroa is about to blow up.

https://la.urbanize.city/post/city-planning-commission-rejects-appeal-proposed-university-park-apartments

[craigs]

http://www.jamisonpropertieslp.com/copy-of-kurve
Thank you. Nice addition to the neighborhood!

[hughfb3]

I walked by 806 W. Adams Boulevard this week, and it's pushing dirt. 102 five-bedroom apartments. I think the whole area around Adams and Figueroa is about to blow up.

https://la.urbanize.city/post/city-planning-commission-rejects-appeal-proposed-university-park-apartments

I love the look of these apartments. Reminds me of the The Grand Californian Hotel at Disneyland. More of this please

Okay. I got some daytime shots today...

https://live.staticflickr.com/65535/52539530610_4e20054cd3_b.jpg

https://live.staticflickr.com/65535/52539602688_6efdeb431c_b.jpg

https://live.staticflickr.com/65535/52539603943_a63ee63e25_b.jpg

http://www.jamisonpropertieslp.com/copy-of-kurve

[Radio5]

I walked by 806 W. Adams Boulevard this week, and it's pushing dirt. 102 five-bedroom apartments. I think the whole area around Adams and Figueroa is about to blow up.

https://la.urbanize.city/post/city-planning-commission-rejects-appeal-proposed-university-park-apartments

Hopefully they can cap some part of the 110 there btwn 23rd and 28th.

[Radio5]

I love the look of these apartments. Reminds me of the The Grand Californian Hotel at Disneyland. More of this please

Okay. I got some daytime shots today...

http://www.jamisonpropertieslp.com/copy-of-kurve

Definitely will add some great density and walkability btwn wilshire and 6th. Now just need a park on the church's parking lot. One can dream...

[LA21st]

http://www.jamisonpropertieslp.com/copy-of-kurve

Whoa! That's way farther along than I thought it was.

[Easy]

Whoa! That's way farther along than I thought it was.

Same. I think that it broke ground only weeks or maybe a couple months before Onni at Olympic/Hill downtown and they haven't even finished digging the hole yet.

[scania]

Same. I think that it broke ground only weeks or maybe a couple months before Onni at Olympic/Hill downtown and they haven't even finished digging the hole yet.

They might’ve finished digging the hole since the crane is now up…but also, the one on Hill is a much larger scale building. It will be the tallest residential in LA.

[Easy]

They might’ve finished digging the hole since the crane is now up…but also, the one on Hill is a much larger scale building. It will be the tallest residential in LA.

The hole is mostly finished but they're still taking dirt out. And yeah, it's maybe the deepest hole for a building in LA. I think that it's 80 feet.

[sopas ej]

Recent projects in Pasadena... Photos taken this morning (12.4.2022).

https://live.staticflickr.com/65535/52542738985_7352dc9e99_h.jpg
Photo by me

https://live.staticflickr.com/65535/52542546094_7e315931b6_h.jpg
Photo by me

Detail.
https://live.staticflickr.com/65535/52542254641_2900a6164a_h.jpg
Photo by me

[Quixote]

^ Wow, that detail is amazing. That’s how you do modern Spanish Colonial Revival.

The first one along Colorado looks good too. I would’ve preferred white to beige-tan, but that can be fixed. Overall, that project should be the baseline quality for all new infill projects in LA. If you’re going to use stucco, make sure it’s white, black, or very close to those; no gimmicky treatments or bright colors. Incorporate some high-quality material at street level and minimize blank walls (if so, cover it with ivy or a hedge).

[bossabreezes]

Why can't we get nice projects like this in LA city limits? Everything now is that boring, prefab concrete/stucco with little to no architectural flair.

These projects in Pasadena are beautiful and promote a Californian identity to their architecture. Unlike the vast majority of the stuff being built around LA.

[Quixote]

I love the look of these apartments. Reminds me of the The Grand Californian Hotel at Disneyland. More of this please

Okay. I got some daytime shots today...

Thanks for the update! The jury’s still out on this one, depending on the type and quality of glazing, but the subtle curvilinear contour at the corners are a nice touch.

[Quixote]

Why can't we get nice projects like this in LA city limits? Everything now is that boring, prefab concrete/stucco with little to no architectural flair.

These projects in Pasadena are beautiful and promote a Californian identity to their architecture. Unlike the vast majority of the stuff being built around LA.

Yes, Pasadena, Glendale, Burbank, West Hollywood, Beverly Hills, Culver City, Santa Monica, and Long Beach for the most part get higher-quality infill than LA city. Their streetscape also look more presentable and maintained partly because of buried power lines.

[Quixote]

Posted in the LA transit thread, but it's worth posting here...

This is big. No, it's not the $3.5-billion (or so) windfall we need to construct the last 3.5 miles underneath Wilshire, but it does set things in motion!

At their December meeting, the Westside COG will vote to approve spending approximately $100m in discretionary Measure M funds on BRT and bus infrastructure improvements, and about $20m for predevelopment activities for D Line extension to Santa Monica.

https://twitter.com/numble/status/1598830969124839424?cxt=HHwWgICjqfSSmLAsAAAA

[Quixote]

It's not just about architecture but the way everything comes together that gives a city its inscape. Tokyo has lots of bad architecture, power lines, wide roads, curb cuts, and a crap ton of streets without actual sidewalks, yet it's more walkable and interesting (and therefore more attractive IMO) than most eastern US/Canada and Western European cities.

The problem with LA, particular LA city, is that it has both an unkempt appearance and a sparse feeling. With a few exceptions, the areas with the most pedestrians are 1- or 2-story retail strips. Conversely, we have blocks of 4-7-story apartment buildings that are devoid of pedestrians. New developments are monolithic (wider than they are tall) with bigger storefronts and blank walls. You replace a crappy strip mall with a 7-story building, but you lose the great ethnic hole-in-the-wall restaurants and amenities that come with it.

[Busy Bee]

Detail.
https://live.staticflickr.com/65535/52542254641_2900a6164a_h.jpg
Photo by me


That's some quality stuff. That could be built in the 1920s and people wouldn't know the difference.

[DJM19]

I don't normally care about historical revival, but I think LA City should have insisted on that sort of quality of style for projects like LA Plaza Village Apartments, west of Olvera Street. Maybe just because what they built instead look bad even for modern design.

[Easy]

Posted in the LA transit thread, but it's worth posting here...

This is big. No, it's not the $3.5-billion (or so) windfall we need to construct the last 3.5 miles underneath Wilshire, but it does set things in motion!



https://twitter.com/numble/status/1598830969124839424?cxt=HHwWgICjqfSSmLAsAAAA

It will set things in motion assuming that they vote yes. Either way I see this as being decades out to even start. I imagine that with the current D line extension, with the existing E line, and with the planned Sepulveda line that the westside is already getting more than most areas. Yes it's needed, but I don't see this happening before there is a rail line down Vermont and that's already decades away.

[ChelseaFC]

That's some quality stuff. That could be built in the 1920s and people wouldn't know the difference.

Pasadena Planning Commission is very particular about architectural design. Architects often have to go back and make changes multiple times.

This one in particular is on a major intersection across from PCC and has been under review for years: https://www.pasadenanow.com/main/design-commission-continues-discussion-on-proposed-eight-story-hotel-building-east-pasadena-specific-plan

[citywatch]

The problem with LA, particular LA city, is that it has both an unkempt appearance and a sparse feeling.

A city or hood can be either nice looking with not too many ppl strolling around. Or it can be rundown looking but have lots of ppl walking around. What no city or hood should want is to look both unkempt & feel sparse.

Areas around the Coliseum, including the rundown sections of the expo pk area, come alive & seem less sketchy when events are taking place & lots of ppl are walking around. In comparison, notice how Sunset blvd looks fairly nice, but its sidewalks aren't full of ppl.

https://youtu.be/vVAZcqe9Yto (https://youtu.be/vVAZcqe9Yto)

Compare that with the the most publicized cities of the world often filled with pedestrians. I can live with LA being car centric instead of sidewalk centric, but I don't have patience with it being rundown or seedy looking....much less issues with the city's crime rate or homeless encampments.

I prefer this to a typical big urban setting 24/7/365 associated with an east coast city or parts of europe or Asia. So LA shooting for having hoods that are along this line...one several miles to its south....or nearer around Pasadena, etc, is more realistic or the way to go.

https://youtu.be/tm4EY7Z9otM (https://youtu.be/tm4EY7Z9otM)

[HeySparky]

Looks like one of the worst strip malls in the city at Vermont and Hollywood Blvd will get redeveloped with 3 towers.

https://www.jzarch.la/project/olive-hill/

[LA21st]

Looks like one of the worst strip malls in the city at Vermont and Hollywood Blvd will get redeveloped with 3 towers.

https://www.jzarch.la/project/olive-hill/

Wow, that would be so amazing. I've walked by that so many times and wondered why it wasn't redeveloped.

How real is this?

Edit
Only 9 stories? Eh. I guess.

[LosAngelesSportsFan]

That would be a tremendous improvement compared to whats there now.

Btw, i dont think things need to be very tall to make an area urban or better looking. In my opinion, the best looking urban stretch in LA might just be Hollywood blvd between Western and St Andrews. If we could have all our major streets look like that, it would be a tremendous victory.

[LA21st]

That would be a tremendous improvement compared to whats there now.

Btw, i dont think things need to be very tall to make an area urban or better looking. In my opinion, the best looking urban stretch in LA might just be Hollywood blvd between Western and St Andrews. If we could have all our major streets look like that, it would be a tremendous victory.

Sure, but it would be nice to have a few 20 story towers or so near a metro stop in a popular neighborhood. Not everything needs to be 5-8 or 9 stories. Its bad enough the zoning for Vermont is just trash, allowing no highrises below a subway corridor.
One of the dumbest things LA's ever done. Also the "gentrification" fear crap doesn't help either.

[hughfb3]

Sure, but it would be nice to have a few 20 story towers or so near a metro stop in a popular neighborhood. Not everything needs to be 5-8 or 9 stories. Its bad enough the zoning for Vermont is just trash, allowing no highrises below a subway corridor.
One of the dumbest things LA's ever done. Also the "gentrification" fear crap doesn't help either.

Its nice to have high-rises in certain areas; but, there is no way the City of Los Angeles is going to allow 15-20+ story buildings to loom over and behind its only UNESCO World Heritage site.

Looks like one of the worst strip malls in the city at Vermont and Hollywood Blvd will get redeveloped with 3 towers.

https://www.jzarch.la/project/olive-hill/

Great find Sparky! I'm curious who the developer behind this is... it says entitlements on the way, but is this just to sell the project as fully entitled or to actually develop it?

The Hollywood site of what used to be the Ametron building
https://live.staticflickr.com/65535/52547397479_985581068b_b.jpg

What was once proposed
https://live.staticflickr.com/65535/52547688208_2c19340033_b.jpg

What we are getting
https://live.staticflickr.com/65535/52547439424_1aa231837e_b.jpg

:shrug:

[Easy]

I don't see anything submitted to city planning for 1601 N Vermont. Maybe this is aspirational and to be used to sell the land?

[Easy]

LABJ is reporting that the city will likely be entering into exclusive negotiations with Hudson Pacific Properties for the Marlton Square redevelopment. They've indicated that the project will include a number of community-based and black-owned businesses, but Hudson is pretty high end. This project along with the Baldwin Hills Mall redevelopment next door will add enough jobs to make gentrification inevitable. Whether that's good or bad is up to you.

https://labusinessjournal.com/development-2/developer-plans-south-l-a-project/

https://la.urbanize.city/post/city-la-seek-developers-marlton-square-site-baldwin-hills

[LosAngelesSportsFan]

Sure, but it would be nice to have a few 20 story towers or so near a metro stop in a popular neighborhood. Not everything needs to be 5-8 or 9 stories. Its bad enough the zoning for Vermont is just trash, allowing no highrises below a subway corridor.
One of the dumbest things LA's ever done. Also the "gentrification" fear crap doesn't help either.
I agree with you on both those points

[SoCalKid]

The Hollywood site of what used to be the Ametron building

What was once proposed

What we are getting


:shrug:

What we are getting is far better than what was proposed. Sure it's shorter, but it's much better urbanism. The street is met by nice retail and then residences starting on floor two. In contrast, the original proposal had a gigantic parking podium. I'd rather have nice street interaction and eyes on the street directly above the street level than height.

Generally, I think height is overrated on here. Most of the cities with the best urbanism are largely midrise (think Paris, Madrid, etc.). I'd prefer consistent mid rise throughout our urban core than high rises with parking podiums. Sure, high rises look cool and it's nice to have a skyline, but that's not what makes a city nice or livable.

[Radio5]

What we are getting is far better than what was proposed. Sure it's shorter, but it's much better urbanism. The street is met by nice retail and then residences starting on floor two. In contrast, the original proposal had a gigantic parking podium. I'd rather have nice street interaction and eyes on the street directly above the street level than height.

Generally, I think height is overrated on here. Most of the cities with the best urbanism are largely midrise (think Paris, Madrid, etc.). I'd prefer consistent mid rise throughout our urban core than high rises with parking podiums. Sure, high rises look cool and it's nice to have a skyline, but that's not what makes a city nice or livable.

Agreed. Especially in this instance where you have balconies, ie eyes on the street, and private outside space for residences. Something nice seeing people or plants/objects on balconies.

[Illithid Dude]

The real winner is that this (potentially fantastical) Vermont proposal features 1200 residential units. That's the kind of ambition LA could use more of!

[Quixote]

It will set things in motion assuming that they vote yes. Either way I see this as being decades out to even start. I imagine that with the current D line extension, with the existing E line, and with the planned Sepulveda line that the westside is already getting more than most areas. Yes it's needed, but I don't see this happening before there is a rail line down Vermont and that's already decades away.

It gets the conversation started again after formal talks having basically ended nearly 15 years ago. This is a 3.5-mile, 4-stop extension. Since it’s a straight alignment, I’d peg the cost at $3.75-4 billion. But because it will connect with Sepulveda and Crenshaw (which can both be factored into cost-benefit analysis since they’re planned and have funding) and because Santa Monica is both job rich and a popular destination in general, I think it would be cost-competitive enough to receive federal funding. So the project really costs us $2 billion-ish.

There are potential local funding mechanisms like parcel taxes, lifting the Prop A/C subway ban, amending A/C/R/M to decrease highway capital and allocate more for grade-separated rail and a portion specifically for subway, etc. The word “subway” has instant appeal (for the most part), and “grade-separated” could mean subway or elevated. Unlike R/M, A/C don’t allocate funding for specific projects. This language would force us to commit to spending more on rail projects, and that’s the point. The most expensive rail corridors are also the ones that are the most cost-effective and have the greatest potential to reshape travel patterns. In particular, subway corridors which would provide direct routes from one area to another that currently require multiple freeway changes (e.g. a branch of the Vermont corridor going up Alvarado and underneath Echo Park or Silver Lake to Colorado/Brand in Glendale) are competitive with car travel at all times of the day.

But instead Metro wants to focus on a $7.9-billion extension of the Gold Line, which has already been truncated. Ridiculous.

[Illithid Dude]

New tower proposed for the corner of Wilshire and Barrington.

https://la.urbanize.city/sites/default/files/styles/950w/public/2022-12/11701%20wilshire%20boulevard%20rendering.jpg?itok=B30Y3Dju

https://la.urbanize.city/post/23-story-mixed-use-tower-proposed-11701-wilshire-boulevard-brentwood

Always interesting to see a high rise proposed for the far west side. Perhaps this means the last one California Landmark constructed has leased well.

[LAisthePlace]

New tower proposed for the corner of Wilshire and Barrington.

Always interesting to see a high rise proposed for the far west side. Perhaps this means the last one California Landmark constructed has leased well.

Pretty nice design! Love the mix of office + housing + retail in the same building.

Brentwood is evolving from a few skyscrapers into a proper skyline even before the Purple Line gets close.

[citywatch]

I recall when the area around hollywood & vine was full of parking lots & tired retail strip bldgs. I recall the properties to the east of the Pantages theater, for example, being covered with asphalt for cars & an auto parts store. Given the old time publicity of 'hollywood & vine,' the setting wasn't ready for prime time.

In 2022, it finally moves closer to where it should have always been...

MQURFc2DuYU

[ocman]

I recall when the area around hollywood & vine was full of parking lots & tired retail strip bldgs. I recall the properties to the east of the Pantages theater, for example, being covered with asphalt for cars & an auto parts store. Given the old time publicity of 'hollywood & vine,' the setting wasn't ready for prime time.

In 2022, it finally moves closer to where it should have always been...

MQURFc2DuYU

It’s notable how much a place improves when there aren’t rows of buskers/sellers trying to sell you shit. Although this guy’s videos tend to be highly edited, meaning they leave all that out including the homelessness. These areas desperately need parks and plazas to break up the monotony. (The cactus area looked like it had potential and then he turns the corner and it’s just hardscaping in front of a parking structure exit area). It’s just walking endlessly on sidewalks from place to place and it’s punishing. You’re constantly forced to keep moving. You can see there are few places around this area to just sit, relax, and just take in the city without ducking into a business/store.

[LAsam]

It’s notable how much a place improves when there aren’t rows of buskers/sellers trying to sell you shit. Although this guy’s videos tend to be highly edited, meaning they leave all that out including the homelessness. These areas desperately need parks and plazas to break up the monotony. (The cactus area looked like it had potential and then he turns the corner and it’s just hardscaping in front of a parking structure exit area). It’s just walking endlessly on sidewalks from place to place and it’s punishing. You’re constantly forced to keep moving. You can see there are few places around this area to just sit, relax, and just take in the city without ducking into a business/store.

Capping the 101 and putting greenspace on top of it could certainly help with this.

[HeySparky]

I live off Vine and it is worse in 2022 than it was in 2012 by a huge margin. In fact, most Hollywood locals avoid walking down Vine ever since the pandemic started. Many businesses have closed on the street like APL, Soprano, Starbucks (x2), WeWork, The Black Cat, the fancy Walgreens....hell even the Dollar Tree, said it was not safe to continue operating on Vine and have closed their doors. Bed Bath & Beyond which occupies a massive footprint is the next store that is set to close. Vine has fallen on very hard times lately, it is regressing, it has not improved at all.

I recall when the area around hollywood & vine was full of parking lots & tired retail strip bldgs. I recall the properties to the east of the Pantages theater, for example, being covered with asphalt for cars & an auto parts store. Given the old time publicity of 'hollywood & vine,' the setting wasn't ready for prime time.

In 2022, it finally moves closer to where it should have always been...

MQURFc2DuYU

[LAsam]

I live off Vine and it is worse in 2022 than it was in 2012 by a huge margin. In fact, most Hollywood locals avoid walking down Vine ever since the pandemic started. Many businesses have closed on the street like APL, Soprano, Starbucks (x2), WeWork, The Black Cat, the fancy Walgreens....hell even the Dollar Tree, said it was not safe to continue operating on Vine and have closed their doors. Bed Bath & Beyond which occupies a massive footprint is the next store that is set to close. Vine has fallen on very hard times lately, it is regressing, it has not improved at all.

That's very disappointing to hear. Hopefully Bass will improve the conditions of the city and get things moving in the right direction again. Garcetti seemed like he was completely checked out. There was so much momentum across the board before the pandemic.

[Illithid Dude]

I'm not sure those stores closed because of conditions on Vine, though I'm sure their closures didn't help stymie matters. WeWork closed because the company is faltering, Wallgreens closed due to corporate restructuring. APL and Sopranos could have simply been victims of the difficult restaurant market. It's not easy to open up a high end steakhouse like APL anywhere in the city, and most restaurants close within under a year anyway. The two Starbucks are the only businesses that officially closed due to unsavory neighborhood conditions, though who knows what the real reason for their shutterings was. Vine isn't the best street, but it doesn't seem much worse than the rest of Hollywood, and I've spent much, much time in the area.

[Steve8263]

The area is tolerable by day but terrifying at night. I had dinner on the roof of the old Redbury just north of Vine recently, absolutely gorgeous space and views of the Cap Records building. But when you leave and walk outside it's beyond belief how scary the sidewalks are compared to a pre-pandemic.

[citywatch]

Everyone makes valid points above...my post was dealing with hollywood in the most superficial way possible. Even when the area didn't have crime & homeless problems, or an economy that's increasingly hurting brick & mortar, the area was...as is true of dtla too...full of gaps. Or lots of surface parking lots & many modest budget commercial & residential properties.

Even when LA...hollywood...was newer, & an up & coming part of America over 75 yrs ago, its economy & culture weren't full of long time wealth....like the wealth originally built up on the east coast or certainly older parts of Europe. So both money & real estate in LA were affected by limitations & smaller expectations.

Move over, hollywood....look at what's going on further to the west in santa monica...

https://youtu.be/GoUkvYY71jI (https://youtu.be/GoUkvYY71jI)

^ The politics & government in the LA area & up & down the west Coast are pretty much always moving in the same direction. So if trends of the past have been affected by that, don't expect those trends to change.

Whether a mayor of LA or mayor of SaMo, or governor of Ca, Oregon, Washington, etc, what's going on right now isn't likely to get much better anytime soon. So hope for the best, prepare for the worst.

[LA21st]

The area is tolerable by day but terrifying at night. I had dinner on the roof of the old Redbury just north of Vine recently, absolutely gorgeous space and views of the Cap Records building. But when you leave and walk outside it's beyond belief how scary the sidewalks are compared to a pre-pandemic.

Lol that's such hyperboyle. I was just at the Hotel Cafe on Cahuenga at 10 pm. Scary beyond belief. LMAO.

[scania]

The area is tolerable by day but terrifying at night. I had dinner on the roof of the old Redbury just north of Vine recently, absolutely gorgeous space and views of the Cap Records building. But when you leave and walk outside it's beyond belief how scary the sidewalks are compared to a pre-pandemic.

I need to see this for myself...I'm in West Hollywood more than Hollywood, but when I hung out in Hollwood about 6 weeks ago, it was nothing like you all are describing.

[LA21st]

I need to see this for myself...I'm in West Hollywood more than Hollywood, but when I hung out in Hollwood about 6 weeks ago, it was nothing like you all are describing.

It never is. These people never stop lying.

[NIMBY Slayer]

Scary in Hollywood?? What?? :haha:

Over the last few weeks I've been there several times around Cahuenga (which is where more of the night life in Hollywood is concentrated these days) and Vine and Sunset and it was not even close to being scary or dangerous. In fact, the opposite, it was quiet and maybe too peaceful (especially for being Hollywood).

If you want scary, come downtown to the corner of 7th and Spring in front of CVS. :haha:

[LAisthePlace]

Well this is incredibly disappointing. We, finally, nearly, had the Hollywood Sign, an iconic monument to Los Angeles the world over, lit up at night.... and then Bass killed it due to NIMBY, homeowner concerns. Homeowner worries >>> civic pride apparently

https://www.latimes.com/california/story/2022-12-23/mayor-bass-overturns-garcettis-directive-to-light-hollywood-sign

[LAsam]

^ To be fair, people who bought into that neighborhood had no idea the sign was located there, nor that it was a popular tourist attraction. ;)

[scania]

Give me a break...it was never lit...except for a special occasion. And that was typically for a movie. In our entire lifetime it hasn't been lit. Nor before our lifetime.
Also, this light has had legal issues for decades. Let's not try to put this on Mayor Bass, Garcetti said a lot of things that never came to fruition. This more than likely would've not come to fruition either. Lol

[LAisthePlace]

Give me a break...it was never lit...except for a special occasion. And that was typically for a movie. In our entire lifetime it hasn't been lit. Nor before our lifetime.
Also, this light has had legal issues for decades. Let's not try to put this on Mayor Bass, Garcetti said a lot of things that never came to fruition. This more than likely would've not come to fruition either. Lol

To me, this is what leadership looks like (even if its at the last minute and on his way out where he wouldn't have the face the loud complainers).

Its like people who live on the shore of Staten Island being mad the the Statue of Liberty is lit up at night and they might have boat traffic...

Lighting up the Hollywood Sign is something I'd bet you 95%+ of Angelenos (let alone Tourists) would love to see happen. I know people who are shocked when they come here they can't see one of the most iconic parts of LA lit up in lights.

It was the perfect cover/opportunity for Mayor Bass to simply let it work its way through the system and let Garcetti take the blowback.

A big bummer in my opinion.

[BrandonJXN]

Give me a break...it was never lit...except for a special occasion. And that was typically for a movie. In our entire lifetime it hasn't been lit. Nor before our lifetime.
Also, this light has had legal issues for decades. Let's not try to put this on Mayor Bass, Garcetti said a lot of things that never came to fruition. This more than likely would've not come to fruition either. Lol

I'm 39. The one and only time that I ever saw the Hollywood sign lit up was during the Millennium celebrations.

zs2N4-VRljI

[scania]

To me, this is what leadership looks like (even if its at the last minute and on his way out where he wouldn't have the face the loud complainers).

Its like people who live on the shore of Staten Island being mad the the Statue of Liberty is lit up at night and they might have boat traffic...

Lighting up the Hollywood Sign is something I'd bet you 95%+ of Angelenos (let alone Tourists) would love to see happen. I know people who are shocked when they come here they can't see one of the most iconic parts of LA lit up in lights.

It was the perfect cover/opportunity for Mayor Bass to simply let it work its way through the system and let Garcetti take the blowback.

A big bummer in my opinion.

I'm not totally disagreeing with you. I...just like others would love to see it lit up. But you can't compare this to Staten Island. It's totally different and I can understand why it has legal issues. IMO, more than likely this wouldn't have gone through, even if Garcetti was still in office. It essentially was a false directive by Garcetti.

[scania]

I'm 39. The one and only time that I ever saw the Hollywood sign lit up was during the Millennium celebrations.

zs2N4-VRljI

That was cool.

[dktshb]

I lived in Hollywood from 1997 to 2013. I am in SF now but cannot believe it is worse than it was in the late 90's. So many more people have moved to the neighborhood with money so I would think some of those stores would actually be doing better. I hope those vacant storefronts fill up.

[scania]

I lived in Hollywood from 1997 to 2013. I am in SF now but cannot believe it is worse than it was in the late 90's. So many more people have moved to the neighborhood with money so I would think some of those stores would actually be doing better. I hope those vacant storefronts fill up.

It’s not doing worse…some people just filled with envious and hate.

[hughfb3]

The Lucas Museum has trees, plants and photovoltaics being installed on the roof.

https://live.staticflickr.com/65535/52594475298_4aaa3b901c_b.jpg

https://live.staticflickr.com/65535/52594217309_177c266b5f_b.jpg

[ReDSPork02]

Well this is incredibly disappointing. We, finally, nearly, had the Hollywood Sign, an iconic monument to Los Angeles the world over, lit up at night.... and then Bass killed it due to NIMBY, homeowner concerns. Homeowner worries >>> civic pride apparently

https://www.latimes.com/california/story/2022-12-23/mayor-bass-overturns-garcettis-directive-to-light-hollywood-sign

https://www.hollywoodreporter.com/news/general-news/los-angeles-mayor-karen-bass-rescinds-garcetti-order-light-hollywood-sign-1235287292/

"Garcetti outlined an 18-month pilot program that would feature “new technology, that allows the sign to be seen on special occasions at night.” That new technology had been tested by the Hollywood Sign Trust, the nonprofit organization that maintains the sign."

"The order called for the sign to be lit no more than six times a year and no more than three days per lighting."

I think this was a great compromise.
I was watching ENCANTO: LIVE from the HOLLYWOOD BOWL on Disney+ this week and they would give you a shot of the bowl and the surrounding hills behind the stage. You can clearly see where the sign is but not the sign itself. The red blinking tower and some small light bulbs on the hill at night is all you see.

I thought it was such a shame they could not light it at least one hour a day or on special occasions such as this filming. IMO: Light the sign UP!

Or the Adell Concert at Griffith Obs., they would get shots of the sign at dusk but got to dark later in the show. Such a shame.
https://www.youtube.com/watch?v=w_mHbiotx6c&list=RDw_mHbiotx6c&start_radio=1

[ChelseaFC]

Arclight Hollywood to re-open in historic Cinerama Dome after closing in 2021

https://whatnowlosangeles.com/arclight-hollywood-and-cinerama-dome-to-reopen-next-year/

[craigs]

The eventual mega-development could be amazing.

Rams owner Stan Kroenke escalates property buying spree in Woodland Hills (https://www.latimes.com/california/story/2023-01-04/rams-owner-stan-kroenke-expands-warner-center-holdings-with-shopping-center-buy)

Roger Vincent
Los Angeles Times
January 4, 2023

Rams owner Stan Kroenke has escalated his property buying spree in Woodland Hills with the $325-million purchase of an outdoor shopping center.

The Village deal, which closed last week, further signals the billionaire businessman’s intention to build a second sports-centric development like the one around SoFi Stadium in Inglewood.

His company, the Kroenke Organization, now controls about 100 acres in Warner Center that are expected by real estate industry observers to become part of a sprawling mixed-use complex that may include stores, restaurants, hotels and residences, along with a training facility for the NFL football team. It could become one of the largest new real estate developments in the region.

The popular Village, completed in 2015, is next to the largely inactive Woodland Hills Promenade mall and an unoccupied high-rise office building, both of which Kroenke acquired last year.

Representatives of the Kroenke Organization declined to elaborate on their plans for Warner Center but said in a statement that “we will continue to operate The Village as an open-air lifestyle and retail destination.”

The seller of the Village was Unibail-Rodamco-Westfield, a Paris-based mall operator that said in April that it would unload all its U.S. properties and bet its future on Europe, where it is the largest owner of shopping centers.

The company still owns Westfield Topanga, another mall near Kroenke’s recent acquisitions. Other prominent neighbors are the Warner Center Towers office complex and a hotel, Warner Center Marriott Woodland Hills.

Los Angeles city officials are encouraging dense mixed-use development in the neighborhood that could include new housing, offices, shops, restaurants, hotel rooms and entertainment venues.

Assembling a 100-acre parcel that would be at the center of a more urban-feeling downtown for Woodland Hills is “pretty spectacular,” said retail property broker Bryan Ley of JLL, who was not involved in the sales.

“There are not many land sites sold around Los Angeles County that are 100 acres with this kind of density and location,” he said.

In Inglewood, Kroenke controls nearly 300 acres surrounding SoFi Stadium, in what was formerly the Hollywood Park horse racing venue. When the complex is completed, it will be 3½
times the size of Disneyland and contain a performance venue, hotel, stores, restaurants, offices, homes and a lake with waterfalls.

Kroenke is a longtime real estate developer whose company owns and operates retail centers in 39 states totaling 40 million square feet, according to the Unibail statement.

[LAsam]

^If I'm doing my math correctly, that's a $17.9 million windfall to LA city with the new transfer tax. Or rather, it would have been if the sale hadn't closed the last week of 2022... I wonder if that perhaps provided some motivation to the seller! $17.9 million swing in profit!

[colemonkee]

^ That amount alone would likely fund the architecture and engineering firm fees for the design phase of the entire project.

[ChelseaFC]

Interesting that Kroenke doesn't seem to be interested in the main Topanga mall, so Westfield will have to find another buyer in their bid to offload their US properties.

[hughfb3]

Intuit Dome in Inglewood

https://live.staticflickr.com/65535/52613582028_b55866d25d_b.jpg

https://live.staticflickr.com/65535/52613582033_34ffaa3380_b.jpg

[colemonkee]

Wow! I had no idea that was so far along.

[ChelseaFC]

Wow! I had no idea that was so far along.

Now people will just have to figure out how to get there.

[CaliNative]

:previous:
It gets very hot in Woodland Hills in summer NFL training season. Often over 100 degrees F. The coastal breezes rarely get over the hills in the far West Valley, and the cool air making it over Cahuenga Pass usually doesn't get beyond Sherman Oaks. The players will be guzzling chilled gatorade. Still, I am happy for the development.

[ChelseaFC]

:previous:
It gets very hot in Woodland Hills in summer NFL training season. Often over 100 degrees F. The coastal breezes rarely get over the hills in the far West Valley, and the cool air making it over Cahuenga Pass usually doesn't get beyond Sherman Oaks. The players will be guzzling chilled gatorade. Still, I am happy for the development.

OTAs in spring will be at the team facility Woodland Hills, but the Rams likely will still have training camp in Irvine like usual.

[Lovely1993me]

Slightly Off topic, but we really need a koreatown update. I was in the area looking for apartments, and the amount of new construction is pretty staggering! So many 5-10 story buildings going up, which despite the often destain on this forum about everything not being a tower, is such a great density model that works in cities like Barcelona, Rome, Paris, etc. Great to see Koreatown getting even denser. Anyone down to take some pics??? I spoke with an agent who said they were 60 planned groundbreakings in that area this year! (Don’t know who true that is ) ������������

[ChelseaFC]

Slightly Off topic, but we really need a koreatown update. I was in the area looking for apartments, and the amount of new construction is pretty staggering! So many 5-10 story buildings going up, which despite the often destain on this forum about everything not being a tower, is such a great density model that works in cities like Barcelona, Rome, Paris, etc. Great to see Koreatown getting even denser. Anyone down to take some pics??? I spoke with an agent who said they were 60 planned groundbreakings in that area this year! (Don’t know who true that is ) ������������

Lots of KTown updates here: https://la.urbanize.city/neighborhood/koreatown

[LA21st]

Bed bath and beyond just sold in West LA. Hopefully that means a decent redevelopment coming.:cheers:

[SoCalKid]

^If I'm doing my math correctly, that's a $17.9 million windfall to LA city with the new transfer tax. Or rather, it would have been if the sale hadn't closed the last week of 2022... I wonder if that perhaps provided some motivation to the seller! $17.9 million swing in profit!

Case in point for how terrible this law is. I work for a big development firm you've all heard off, and I can tell you this law is the single worst thing to happen for LA development in a very very long time. An example:

Developers generally need around a 20% total profit on a project in order to make a deal pencil. So let's say I build a project for $100,000,000, then I need to make a profit of $20,000,000, which requires selling it for $120,000,000. But with this new tax, if I sell it for $120,000,000, then I pay $6,600,000 in additional taxes out of a total profit of $20,000,000. So that's 33% of my profit gone!. That's what was lost in this conversation - it's not a 5.5% tax on profits, but 5.5% on total value which is very different. I can't overstate how severely this impacts the development business.

Here's a different example. Land generally makes up 10%-20% of total project costs. Let's take the previous example of a $100,000,000 project and say land is going to cost 10%, or $10,000,000. As we discussed, in order to make my project pencil, I need a 20% profit, which would have been a $120,000,000 sale before this tax. But now there's $6,600,000 coming out of my profit, and I need to make it up somewhere or I can't get investors. Where can I make it up? I can't cut construction costs, architecture and engineering costs, or financing costs, as these things are largely out of my control. What is the one thing I can adjust? How much I'm willing to pay for land. So in order to make this project work, I now have to buy the land for $3,400,000 instead of $15,000,000 (a $6,600,000 decrease). That's a 66% reduction in land value. But of course the guy who owns a shitty strip mall that I was going to buy for $15,000,000 and turn into new apartments isn't willing to take a 44% haircut. He'd rather just keep running his strip mall. So the deal doesn't happen.

The above example is going to happen all over the city, and as a result, our shitty strip malls are going to stay and our new housing production is going to go way down. The ironic thing is that with this new tax preventing sales from happening, we may actually end up with less tax revenue for the city. This law will make housing affordability way worse by killing most housing development. And since most affordable housing in the city is built as part of TOC projects that will no longer pencil, we're going to get fewer affordable units despite the new revenue source funding affordable development. Far less market rate housing + less affordable units = very unaffordable city. This just sucks.

[Illithid Dude]

Bed bath and beyond just sold in West LA. Hopefully that means a decent redevelopment coming.:cheers:

I doubt it. It's a huge building less than 20 years old. Maybe an office conversion at most.

[LAisthePlace]

Case in point for how terrible this law is. I work for a big development firm you've all heard off, and I can tell you this law is the single worst thing to happen for LA development in a very very long time. An example:

Developers generally need around a 20% total profit on a project in order to make a deal pencil. So let's say I build a project for $100,000,000, then I need to make a profit of $20,000,000, which requires selling it for $120,000,000. But with this new tax, if I sell it for $120,000,000, then I pay $6,600,000 in additional taxes out of a total profit of $20,000,000. So that's 33% of my profit gone!. That's what was lost in this conversation - it's not a 5.5% tax on profits, but 5.5% on total value which is very different. I can't overstate how severely this impacts the development business.

Here's a different example. Land generally makes up 10%-20% of total project costs. Let's take the previous example of a $100,000,000 project and say land is going to cost 10%, or $10,000,000. As we discussed, in order to make my project pencil, I need a 20% profit, which would have been a $120,000,000 sale before this tax. But now there's $6,600,000 coming out of my profit, and I need to make it up somewhere or I can't get investors. Where can I make it up? I can't cut construction costs, architecture and engineering costs, or financing costs, as these things are largely out of my control. What is the one thing I can adjust? How much I'm willing to pay for land. So in order to make this project work, I now have to buy the land for $3,400,000 instead of $15,000,000 (a $6,600,000 decrease). That's a 66% reduction in land value. But of course the guy who owns a shitty strip mall that I was going to buy for $15,000,000 and turn into new apartments isn't willing to take a 44% haircut. He'd rather just keep running his strip mall. So the deal doesn't happen.

The above example is going to happen all over the city, and as a result, our shitty strip malls are going to stay and our new housing production is going to go way down. The ironic thing is that with this new tax preventing sales from happening, we may actually end up with less tax revenue for the city. This law will make housing affordability way worse by killing most housing development. And since most affordable housing in the city is built as part of TOC projects that will no longer pencil, we're going to get fewer affordable units despite the new revenue source funding affordable development. Far less market rate housing + less affordable units = very unaffordable city. This just sucks.

This is exactly what I was worried about. It is truly shocking to me that this was spun as a "mansion" tax, when a substantial amount of the tax burden be put on sales of commercial developments (offices, hotels, etc) and multi-family apartments.

Honestly, if it was just single family homes over $5M (so true mansions) I actually think it could be a fantastic tax to scrape back some of the damage that has been done by Prop 13, but as it is it seems like it is going to cause a truly chilling effect on Los Angeles development.

Doesn't help that on "gimme shelter" our new Mayor spouted out a number of PHIMBY talking points (which just aren't true):
-"Luxury" apartments are mostly vacant
-That even if they are occupied they are "owned" by out of town occupants (when we barely build new condos vs. apartments)
-That she doesn't even know who lives in the new developments that are built
-That she thinks that market rate development cause gentrification

I was cautiously optimistic on her term, but the lack of understanding of the basics of vacancy rate, building housing at all levels, etc was shocking.

[LosAngelesSportsFan]

Case in point for how terrible this law is. I work for a big development firm you've all heard off, and I can tell you this law is the single worst thing to happen for LA development in a very very long time. An example:

Developers generally need around a 20% total profit on a project in order to make a deal pencil. So let's say I build a project for $100,000,000, then I need to make a profit of $20,000,000, which requires selling it for $120,000,000. But with this new tax, if I sell it for $120,000,000, then I pay $6,600,000 in additional taxes out of a total profit of $20,000,000. So that's 33% of my profit gone!. That's what was lost in this conversation - it's not a 5.5% tax on profits, but 5.5% on total value which is very different. I can't overstate how severely this impacts the development business.

Here's a different example. Land generally makes up 10%-20% of total project costs. Let's take the previous example of a $100,000,000 project and say land is going to cost 10%, or $10,000,000. As we discussed, in order to make my project pencil, I need a 20% profit, which would have been a $120,000,000 sale before this tax. But now there's $6,600,000 coming out of my profit, and I need to make it up somewhere or I can't get investors. Where can I make it up? I can't cut construction costs, architecture and engineering costs, or financing costs, as these things are largely out of my control. What is the one thing I can adjust? How much I'm willing to pay for land. So in order to make this project work, I now have to buy the land for $3,400,000 instead of $15,000,000 (a $6,600,000 decrease). That's a 66% reduction in land value. But of course the guy who owns a shitty strip mall that I was going to buy for $15,000,000 and turn into new apartments isn't willing to take a 44% haircut. He'd rather just keep running his strip mall. So the deal doesn't happen.

The above example is going to happen all over the city, and as a result, our shitty strip malls are going to stay and our new housing production is going to go way down. The ironic thing is that with this new tax preventing sales from happening, we may actually end up with less tax revenue for the city. This law will make housing affordability way worse by killing most housing development. And since most affordable housing in the city is built as part of TOC projects that will no longer pencil, we're going to get fewer affordable units despite the new revenue source funding affordable development. Far less market rate housing + less affordable units = very unaffordable city. This just sucks.

Exactly right, that's why these advocates need to all vanish. They are retarded people who are destroying our city

[LAisthePlace]

Exactly right, that's why these advocates need to all vanish. They are retarded people who are destroying our city

In the end I think this is exactly what they want.....The cynically hope that this will not only raise money for subsidized housing (the explicit goal), but stop market rate development and "gentrification buildings"(the cynical and implicit goal), by making it not pencil out.

[citywatch]

L8ZoON4BlvA

[Jun]

3545 Wilshire
https://la.urbanize.city/post/construction-goes-vertical-residential-towers-next-wilshirenormandie-station

https://i.imgur.com/yeH7gzj.jpg

[craigs]

Looking good. Thanks for the photo update, Jun!