Quote:
Originally Posted by colemonkee
LA Central is a fully entitled site, so it should be pretty attractive to a developer looking to swoop in and pick up a distressed property for future development. It may not be starting this year, but I wouldn't count it out down the road. I said this a couple pages back - and the Downtown News just published an article that agrees with this theory - but I think this is the model for the next couple years of downtown development: developers with deep pockets or access to financing picking up distressed properties that already have entitlements for below market value, making the project pencil out with slight revisions. I would wager we'll hear some news regarding the LA Central property over the next 12 months. There's no concrete basis for this - it's just my gut feeling.
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i was about to post the same exact thing and then i saw your post. these are my thoughts exactly. people shouldnt worry about the LA central site being a short building. this is a trophy location and AEG will make sure that the site is maximized to work with LA Live