Quote:
Originally Posted by ladowntowner
"The 17-story steel skeleton of a Wilshire condominium, abandoned when its developers declared bankruptcy two years ago, has caused such an outcry from Westwood residents that the Los Angeles City Council says it should either he completed or demolished."
Here's one more article from '91 referencing abandoned condo towers in L.A.:
"La Tour is the latest of the glitzy towers sprouting up along Wilshire Boulevard's so-called Golden Mile, as Westwood's condo row is known.
Many of those towers had sat idle for years as nothing but heaps of rusting steel when their original developers ran out of money. But most of the projects have since been taken over by deeper-pocketed developers who are now pushing the towers toward completion.
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Thanks for doing some homework on what happened to highrise condo devplt several yrs ago. And it is relevant to this thread on DT, cuz, based on the saying of "those who forget history are doomed to repeat it", I don't think anyone in LA should ever have to experience the sight of unfinished rusting towers all over again. Your info also is surprising, even shocking, to me, cuz I didn't realize things got so bad that there ended up being more than one abandoned bldg on Wilshire.
And you & I have been thinking of the same abandoned bldg. I wonder how long it remained unfinished after the article from 1984 was published? I have only a vague memory of it, so I forgot that the devlpr's crews, before bailing out on the proj, already had gotten up to the 17th floor. The bldg, btw, was steel framed, unlike all the towers today that are built of concrete.
If the 2nd article from 1991 is referring to this same bldg in its description of "many of those towers had sat idle for years as nothing but heaps of rusting steel," then I wonder if that means the 17 story abandoned bldg remained untouched for almost 6 to 7 yrs. If so, SHEESH!!
Even worse, there were OTHER unfinished bldgs along Wilshire back then?! If so, I don't recall any of those. Sounds like the situation really was pummeled on 2 separate occasions, by the recession of the early 1980s, & then of the early 1990s.
It is sad that the history of highrise condo/apt bldgs in LA comes with such a rocky beginning. Even today, you can add up all the condo towers in LA, from Westwood to Brentwood, from DTLA to DTLB, to Marina del Rey, & still not have as much as what's been built in other cities, esp Chicago & NYC. That's why I'll be really
if the few highrise condo/apt towers going up in LA today encounter problems not much better than what happened over 15 to 20 yrs ago.
That brings me to the proposed Parkfifth condo tower, which will sit next to the Title Guarantee bldg, shown newly lit at night, in this photo from fridayinla:
fridayinla at flickr.com
Ralossi's blog mentions that the TG bldg's lighting isn't as good as it could be. What I notice is that the metro417 bldg in the background has allowed several of its floodlights to burn out.
fridayinla at flickr.com
Seems like at least 5 of the bldgs lights on the west & south sides of the bldg are no longer working. I hope that's not a sign that the owner of metro 417 isn't too good about maintenance of their bldg.
Think of how nicely illuminated the entire block occupied by the metro417 & title Guarantee bldgs will be when----& I don't wanna say if----parkfifth is built. Two major gaps will be filled in & the Pershing Sq area will seem more complete.
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