Quote:
Originally Posted by LongBeachUrbanist
[b]Sited on the surface parking lot between the Rowan and the El Dorado, the numbers are pretty impressive: 92 residential condos, 122 hotel rooms and ground floor retail in a 27-story tower.
While it's too early to talk about groundbreaking, the optimistic guess given is 2009––if financing is secured.
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I hope the neighbors of that tower, due to the view out their windows in the Rowan or El Dorado bldgs being blocked by it, don't squawk about the proposal & become NIMBYs.
As with the Medallion, the proposed bldg will benefit a hood that needs some totally new devlpt. Conversion projs are important, but they alone don't fill in the gaps, either from deadzone parking lots or other low use sites in the hood.
As for "if financing is secured," assuming this proj is being sponsored by Tom gilmore, how does it affect, or not affect, his plans for a condo or apt tower next to St Vibiana's? And since the devlpr of the Medallion ended up downsizing his original plans due to $$$, how can a much more expensive proj a block away manage to avoid the same fate?