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Originally Posted by craigs
The ordinance opens the possibility of conversion for many more buildings than the 1999 guidelines, which paved the way for converting older downtown buildings and jump-started a residential renaissance that turned downtown into a viable neighborhood after decades as a commercial district where few wanted to live.
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Vacant bldgs & spaces in dtla have been an issue for yrs, even before Covid occurred. dtla was dealing with high vacancy rates when other cities like SF, Boston or NYC were listed at around 90% occupancy. I've always wondered why more ppl who work in dt didn't choose to live there. Family, kids, too $$$, not enough trees & parks, not safe enough, not wanting to go through moving again?
I used to work in a 12 story bldg & thought if I could live in the same location that would be very convenient. Even more so if my residence isn't some great place in beverly hills or malibu. otherwise, what's the point? But too many ppl don't seem to mind the daily grind of being stuck on crowded roads

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this business is south of the broad museum in the former wells fargo center, 2 towers built in the 1980s. Since Covid, retail areas in mainly office areas have really suffered.
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Predicting what may happen to LA in the next 5, 10 or 20 yrs is hard to be sure about. If I went back 30 yrs & knew just how long it would take for X, Y or Z to happen in dtla....LA in general too...I'd lose interest due to a lack of patience.
https://youtu.be/QMNzLQ8L1cc?si=p4gccaK-8p94Sxmq&t=1043
LA is competing with London in moviemaking....so a new film studio in dtla will be either helped or hurt due to this? Or no affect at all?
https://youtu.be/ReXzMHtCM-E?si=XUSN-TSLD8l9XJHG