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Originally Posted by LAofAnaheim
Bottom line: change the parking requirements, then we'll see these developments. It's just not feasible for developers to build something nice and dense with high parking minimums.
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laofanaheim, the issue of required amts of parking space actually is the least of all the problems facing devlprs of highrise office space in dt. The biggest issue is that LA still is a town where too many ppl & too many businesses continue to prefer being way over on the west side, or elsewhere. It's news like this that makes it harder to get new projs such as the wilshire grand pre booked with tenants & ready to rise:
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Google Inc., the ever-expanding Internet search giant, is establishing a beachhead in Venice. In a rare bright spot for the region's sluggish economy, Google is leasing more than 100,000 square feet of office space in three buildings, including the famed Binoculars Building designed by Frank Gehry.
The move is part of a major expansion by Google in Southern California and could set up a new center of operation in the region.
Google representatives confirmed Tuesday night that the company had signed a lease for the properties, saying its employees would begin moving into the offices this year. Google's new complex of buildings will have more square footage than its current facilities in Santa Monica, where the largest of the three buildings has 45,000 square feet and houses 300 employees.
The hiring spree comes as Google fights for top talent against upstart rivals including Facebook Inc. and Twitter Inc. — so a marquee location in Los Angeles could help the company score points with potential hires. In its recruiting efforts, Google has bragged that its Santa Monica offices "are strategically located just a few short blocks from sunny beaches" and benefit from "over 300 days of sunshine."
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related to this is tommaso's point about wanting nicer stores in the hood. but that type of business depends on lots & lots---& lots---of ppl working & living in the area. Lots of ppl like the types who work in businesses similar to google or any company that has employees who make big $$. the 24/7 population of ppl in DT with a good annual income still is modest, esp by the standards of the cities referred to by tommaso or LAB.
the only way better stores will be able to thrive in the hood is for way more new apt & condo projs to be added to DT. that's one reason I'm always keeping an eye out on possible start of construction of any new housing in the hood & the way that existing projs are filling up. EX: when is the brockman bldg going to be finally opened & occupied?!!
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