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Originally Posted by Illithid Dude
Once the lending rates get lowered you're gonna see a flurry of pent up development.
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I really hope so, LA is overdue for another boom.
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Angel's Landing was always slated to break ground in 2024. Year is far from over. The Bloc tower I think wasn't supposed to start until 2025 if at all.
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Right, BLOC Tower's developers seem to have a nice portfolio, that's a good sign although not a given considering even big name developers like Crescent Heights and Onni seem to be giving up on projects these days.
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It usually takes a few years for things to break ground…sometimes 8 or 9 years. I’m not sure why you don’t have any optimism about at least the Bloc Tower and Angels Landing. Also, it’s nice to have some tall skyscrapers…but infill of towers are just as important. Tall skyscrapers aren’t city make. It’s the infill that gives energy. Look at Atlanta for example…they have quite a few tall skyscrapers, but no activity on foot.
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It's insane it takes that long, and I try to be optimistic but way too many projects get canceled or VE'd and downsized at least.
I agree about the infill but Atlanta is definitely going int the right direction.
LA barely has that many infill towers though.