Quote:
Originally Posted by RAlossi
Some parts of the Medallion lot were taped off today; still no sign of groundbreaking as of ~6:00 PM today.
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The fact everyone has to wait forever, always wondering & guessing, to see even rather modest projs like this under actual construction is what I take into consideration when dealing with far bigger, far more $$$ projs like LA central. It all comes down to demand, & if condos & apts can be sold or rented fast enough, everything else will fall into place.
The LA central towers look kind of bland, & it appears a large above ground parking structure is going to take up part of the block of land. I'd guess unlike Concerto's underground garage, the parking spaces for Monian's proj will go from the 1st level upward to save $$$. I can't take that lightly cuz the higher the cost of building the condos, the harder it will be to sell them.
As for another grocery store just a few blocks away from the new Ralphs!? I know Whole Foods' format is different from Ralphs, with WF being for the more health conscious shopper, & with higher prices to match. If LA Central is built within the next 3 or so yrs, & it does contain a WF, I hope it & the ralphs don't cannibilize each other.
I still remember the Barnes & Noble up on Bunker Hill several yrs ago, & it not doing enough business to stay open even a few yrs after it was first built. Don't want to see a repeat of that ever again, for bookstores or supermkts, or any serious retailer that otherwise will give credibility to the hood.