Quote:
Originally Posted by DowntownCharlieBrown
I have seen unfinished skeletons of mid-rises of casinos gone bankrupt, but never in a downtown situation.
|
You may not be old enough to recall a highrise condo tower on Wilshire in westwood that sat uncompleted for several yrs. The devlpr started construction on it during the early 1990s & went as far as something like the 8th floor, then totally stopped work on it. It became a rusting eyesore that symbolized just how bad the economy became during the time of the recession following the downturn of the local defense industry, the LA riots & Northridge earthquake.
More recently, there was news a few days ago that the devlpr of the few highrise condo towers in OC is halting sales on even units near completion, & certainly delaying start of work on additional housing, highrise or otherwise.
Threaded Mode