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Originally Posted by Centropolis
i was wondering when this would happen...
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I think it's just the start of it. Downtown LA still isn't crazy desirable yet. More than desirable than it was, but still a ways to go. There's 8-9 buildings u/c over 40 flloors, which isnt bad. Next year we'll see the impact of this boom on the skyline though.
Koreatown, Century City, North Hollywood and Hollywood are also going to see more 25-40 story buildings from China/Canada developers as well. I believe Hollywood and Koreatown have almost a dozen 30 story plus prosposals together right now.
LA has a advantage over any other city not named NYC and SF though with Chinese capital. It has the massive Chinese population, as opposed to Miami, Chicago etc.
A recent Hollywood reporter article said LA's becoming more popular with Saudi's lately, so who knows if LA starts drawing that oil money soon.
Either way, LA is changing...