^^^ Last I heard, Onni is still in talks with the city about the Times project, its not canceled yet. Just on a hold. They did say " Its not moving forward as its currently planned", because the oh so lovely city planning commission has requested that they do a complete redesign to "Better match the current area around it", so I'm assuming buildings that will somehow pay homage to the Times building. AKA they will have to get a really expensive facade or the buildings will be shrunk down to just one 7-story faux Art Deco design that will look like the Broadway palace apartments.
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Originally Posted by ocman_
Been on this forum way too long to get excited on initial renderings anymore. Until they break ground, it's just another Times-Mirror Square project. And if it becomes reality, there's a good chance they make Onni go through the ringer and end up cutting floors, reducing units and adding more parking spaces due to city pressure.
Still, it's great timing with the D line. Frank Gehry thought Wilshire could become LA's linear downtown and if the D line spurs more developments like this, Gehry's prediction might prove to be prescient, but also prove as a successful example of high density developments around transit nodes.
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I can almost guarantee they both lose 50-100 feet, which is still very impressive. But, i have hope because if we've all watched Onni the past 10 years in regard to its LA projects, they tend to use one to bankroll the other.
We all were waiting to see which project they would break ground on next, Times mirror or the Arts district. They put their Times Mirror project on hold due to "Inflation and economic environment" yet spent the time and money to put this project together, they even have floor plans and electrical/plumbing/hvacs systems detailed. Lets be honest, what's easier to market right now? Mid Wilshire or Downtown?
They seemed to be more optimistic about their arts district project briefly but I'm almost certain they are waiting to see if the city is serious about adding the metro Arts station and to see what happens with the 4th/Central project.
BUT, if they shift all their attention to this instead, which seems like it may be the case, they are going to market high (Celebrities and the rich will JUMP on being in the middle of the city with sweeping views), and whatever profit out of this will help bankroll the other 2.
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Originally Posted by FoldingBoxes
The key, then, is moving north and south from Wilshire, near the D line stops (in addititon to Century City and Beverly Hills). I hear The Grove mentioned as being "near" the D line, but it's really not - it's an unpleasant walk between the two. What, and where, will be the "bump" from the D line that will create a new hub, and not just a stop on the subway?
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I wouldn't call it unpleasant. I did it Tuesday, I timed it as i reached street level, took me about 9 minutes and a few second, the Park La Brea side is lined with trees which was great.