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Originally Posted by JDRCRASH
Is all this true?!!
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jeez, you make me feel like one of those ppl who sell used cars, swamp land in florida, or bridges in brooklyn.
I was giving merely a hypothetical about what would happen to condo sales & apt leasing in DT right now if more ppl, instead of living in the distant burbs & putting up with ridiculously long commutes, decided to move to DT.
However,
this wasn't hypothetical.
And it looks like colemonkee could be getting a nice price break on his property taxes in the future:
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After much work and lobbying by a commitee of owners here, the building has gained “National Historic Monument” status. In a quote from the e-mail announcing this:
“This is a moment to acknowledge the intrinsic value of our investment in this extraordinary building, and to learn about the many possibilities this prestigious status presents for us — including the Mills Act — which could open the door to financial resources for maintaining, preserving, and restoring the building. “
There’s going to be a bronze plaque placed on the building and a big ceremony here and at the Edison in November, attended by dignitaries from City Hall and the LA Conservancy.
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And I don't believe that either metro417 or the Title Guarantee bldgs will be incorporated into Parkfifth's design or construction. If the devlpr said his proj would "incorporate" aspects of those 2 neighboring sites into his proj, he may have meant that the design would not be so unneighborly as to provoke NIMYBism in the ppl currently living around the proposed devlpt.