Quote:
Originally Posted by ThreeHundred
So much for citywatche's happiness.
Ahh well...so how bout them Lakers?
|
hey, how about them Clippers!?
Actually, I had steeled myself for bad news about the proj's time table cuz of blogdowntown's description of comments made by Frank gehry. I figured if he, of all ppl, was skeptical about the devlpr's funding----& in light of financing problems that slowed down the devlpr of Concerto over a yr ago, even before the mortgage industry had gotten really deep into trouble, & that are still holding back the glass tower (& probably the devlpr of LA Central too?)----that bad news was just around the corner.
So now the big question is if Related allowed their PR dept to release a statement a few wks ago that makes groundbreaking in Feb sound like a certainty, & if also in December they got additional funding, & if the Grand Ave devlpt is one of their "current projs", then they better at least start tearing down the parking structure in the next few wks.
Quote:
12.17.07
On Monday, Related Cos., the developer behind the Time Warner Center in New York, said it had received a capital infusion of nearly $1.4 billion from companies including the investment arm of the Abu Dhabi government and Goldman Sachs. At a time when the credit markets are still on the couch, the deal gives the private developer a fattened purse to fund future development.
While Related's current projects are fully financed, the capital will help fund New York City residential and commercial projects in the future, the company said.
Related is competing to develop a 26-acre site atop rail yards on the edge of the Hudson River in New York, with media and entertainment company News Corp. as the anchor tenant in its proposal. Other current projects include a $3 billion Los Angeles development and the $3 billion Snowmass Village Resort in Colorado. Related completed the Time Warner Center in 2004.
|
Quote:
|
Dec. 4 /PRNewswire/ -- Construction work is underway on The Grand, one of the largest vertically-integrated, mixed-use projects under construction in the nation. The multi-phase 3.6 million square foot development spanning three city blocks will cost an estimated $3 billion to develop. Phase I has been designed by world-renowned architect Frank Gehry for the project developer, Related Companies. Demolition of the parking garage at Grand Avenue and First Street will commence in February 2008 following remedial site work.
|
Here's a good example of why I wanna get the gap across from Disney filled in ASAP, a
posting by jlrobe at SSC:
Quote:
PS: I went to see the opera last night at the music center. It was an amazing performance. Truly world class. The ONLY difference between this opera performance and SF's, was that SF had a real city wrapped around the hall! People left the peformance on an active, integrated, and urban landscape.
When I was in the sold out Hall with other multicultural theatre goers I felt like I could be in NYC or anywhere else. When I stepped out into the music center's small plaza, I still felt great. Then when I got to the street, I was transported from NYC/SF, back to LA. I saw city hall, christmas lights, the walt disney concert hall, and then NO people to appreciate it. It really saddens me. I started to look at the GRAND's current parking podium and I was envisioning the retail, the towers, etc. It made me smile! I really hope it gets done.
The big pieces are already there. City Hall, the cathedral, an expanded colburn, MOCA, Mark Taper, Ahmanson, Dorothy Chandler, the Disney Hall, and even a freakin subway. We are getting closer and closer to a real cultural "center". I can smell it.
Hopefully when I go the opera next year, I will have a beautiful crane to look at!
|
Even if a whole lot more ppl still aren't walking around Grand Ave even after Related puts up its new bldgs, at least the fugliness of the deadzone parking lot currently there won't be a constant reminder of how a major part of the hood hasn't changed much in over 40 yrs. The gap of all the empty land or depressing parking lots along 1st St, from Grand Ave to Hill St, combined with the lack of ppl out on the sidewalks, screams "THIS HOOD STILL AIN'T READY FOR PRIME TIME!!"
BTW, thanks to the internet, & ppl like ralossi, blogdowntown & others, disappointing news is easier to take. IOW, over 10 yrs ago, everyone often was in the dark about the latest info regarding new projs in the hood. The local media, esp the LA times, wouldn't bother to say a peep about the status of various projs. So if there was bad news, it wouldn't be known to the public til months, if not yrs, after the fact. And by that time, ppl's hopes & expectations were even higher than they'd otherwise be.