Posted Jun 21, 2007, 6:36 PM
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Registered User
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Join Date: May 2006
Location: Los Angeles
Posts: 908
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Quote:
Originally Posted by fridayinla
Was Whole Foods ever confirmed for LA Central? I heard it as a rumor, but never saw anything official.
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It was never officially confirmed, but we are getting close to that time when LA Central is supposed to break ground as stated by others below. What I was saying is that curbed probably messed up in how they worded it. They should have said that whole foods has sort of been confirmed in LA Live's sister project within AEG's Sports & Entertainment District that [LA Live] anchors, rather than just LA Live.
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future_trance011
April 28th, 2007, 01:42 PM
Any news on LA Central(formerly Figueroa Central)? I thought it was supposed to break ground pretty soon. I haven't heard any news about it for quite awhile. What's keeping the Moinan Group from building that son of a biscuit already!? Maybe after the NBA playoffs? IMO, this project will be a very crucial component to the success of LA Live and also important if Figueora is to become more pedstrian friendly. It must be built ASAP!!!
LosAngelesSportsFan
April 28th, 2007, 10:48 PM
i think its suppose to break ground in May or June, my guess is after the Lakers are done, hopefully Late June! There was a meeting recently about South Park Projects and i think it was announced that they would break ground soon!
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Quote:
THE MOINIAN GROUP ACQUIRES PRIZED LOS ANGELES DEVELOPMENT SITE
Further Expands Presence in LA Market
August 22, 2006
The Moinian Group, a leading real estate development company, has acquired from AEG four acres of prime land for development in resurgent downtown Los Angeles. The property, located at the corner of 11th and Figueroa Streets and across the street from STAPLES Center and the L.A. Live project being developed by AEG is considered to be the prime development parcel immediately adjacent to one of the largest sports and entertainment districts in the world. The Moinian Group's acquisition is valued at $80 million and closed in early August.
The New York-based Moinian Group is one of the real estate industry's most active developers. It has an expertise in multi-use urban projects and is in the midst of a nationwide expansion with a particular focus on Los Angeles, where they recently acquired a development site at 808 South Olive Street in partnership with Henry Shahery.
The Moinian Group has proposed an exciting vision for the site which includes a mix of residential dwelling formats including lofts, condominiums, townhouses and luxury penthouse units within two high-rise towers of 45 and 33 stories. Additionally, the plan, designed by international architecture firm, RTKL, calls for an array of retail amenities and services including lifestyle shops, a gourmet food store, luxury retail, new restaurant concepts, a health and fitness club as well as other hospitality/entertainment endeavors. Finally, the master site-plan has contemplated the potential inclusion of a boutique hotel to complete the nearly 2 million square foot development. Total cost of the project is estimated at more than $700 million, including site acquisition.
"Our design for the Figueroa Central mixed-use development completes the rapidly emerging heart of downtown and forms the connection between South Park, L.A. Live and the Los Angeles Convention Center along Figueroa Boulevard," said Joseph Moinian, CEO of The Moinian Group. "This important site fuses these areas together with two towers and street oriented retail and restaurants. This will become a neighborhood where people will live, shop and play."
Mr. Moinian's concept emphasizes the creation of a high-energy streetscape further defining the identity of this sprawling metropolis. Beyond framing downtown's image, the scheme animates adjacent streets and includes retail lining mid-block passages to create much needed pedestrian-only areas.
"We are thrilled to partner with The Moinian Group and are united with their vision for downtown Los Angeles, revitalizing this area along with AEG, as the next world-class destination," said Henry Shahery. "We believe that this will be a premier sports and entertainment venue and want to be part of the creation of this community."
The Figueroa Central development will make up the residential and retail core of the L.A. Live sports and entertainment district, envisioned as the world's largest combination of entertainment and performance venues comprehensively planned with vibrant residential and retail components.
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Last edited by hughfb3; Jun 21, 2007 at 7:05 PM.
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