Boom has a good series of shots of LA in the photo forum, inc this one that shows a bldg that's been like a big zit on the face of Hollywood Blvd for way too long. It's the 3 story bldg directly next to or west of the El Capitan theater, & straight across from Hollywood/Highland, whose upper windows have been covered in plywood for several yrs. What the hell is that all about??!
But notice how the owner at least has allowed an advertising company to install a huge steel contraption above the roof of his bldg to prop up a large billboard.
As for arguments about whether devlprs should or shouldn't provide low cost apt or condo units in LA, all I know is it wasn't too many yrs ago that almost
nothing was being built in DTLA or Hollywood because profit margins weren't considered high enough by funders or investors.
There was a major devlpr who was given rights to build 1 or 2 highrise apt bldgs on the site south of Disney Hall over 13 yrs ago who never went forward with his proj.
The devlpr of the Hanover apt bldg going up at Olympic & Fig said that changing economics, or the soaring cost of construction, that's occured during just the past several months mean his proj wouldn't even pencil out today. That's in spite of his also saying the Hanover would need to charge some of the highest psf rental rates in the hood.