LOS ANGELES | Downtown Project Rundown 3.0 - Page 179

k3d · #**3561** Posted **Feb 7, 2008, 7:12 PM**

I suppose I shouldn't post when I first wake up in the morning. In retrospect, it is not my place to speak for anyone here. I also wouldn't want to dowse anyone's enthusiasm though I suspect most of my comments are ignored as well. I'll try to refrain myself.

BrandonJXN · #**3562** Posted **Feb 7, 2008, 7:14 PM**

Quote:

Originally Posted by JDRCRASH

Well, 717 Olympic/Hanover is supposed to be completely done in spring, but it's barely even finishing exterior additions.

Like I said, I have nothing against homosexuals. I had a close friend back in middle school who was straight, but in High School, he came out and claimed he was gay. But he's still my friend. I've been told that they tend to be very smart and bright, and i'm not just saying that like it's a fact. So therefore, it may not be true.

On another website forum, people got tired of me asking questions, when in reality, I only asked 2 per week.

Hanover will be ready for move in's in March.

JDRCRASH · #**3563** Posted **Feb 7, 2008, 8:10 PM**

Giving a bonus to developers seems like a good idea. It will make them come back and look elsewhere nearby for more investment, while at the same time, respecting the right's of low-income people by giving them at least the chance to rent or buy a comfortable loft.

Just-In-Cali · #**3564** Posted **Feb 7, 2008, 8:33 PM**

I wonder how much this residential crush will effect the Convention center hotel and its "luxury" lofts that were in the plan. It would serve them well to just go all hotel rooms now and if they want to add residential later when the demand is up...throw up another tower in 5 years.
I applaud the "INTERESTING and RELEVANT" posts that citywatch, ThreeHundred, k3d and a few others have made.
(pats JD on the head)
Forgiven, just...really...really think before you type. I suggest re reading everything you type before you post...and if its sounds dumb to you...DONT...

BrandonJXN · #**3565** Posted **Feb 7, 2008, 8:42 PM**

Quote:

Originally Posted by Just-In-Cali

I wonder how much this residential crush will effect the Convention center hotel and its "luxury" lofts that were in the plan. It would serve them well to just go all hotel rooms now and if they want to add residential later when the demand is up...throw up another tower in 5 years.
I applaud the "INTERESTING and RELEVANT" posts that citywatch, ThreeHundred, k3d and a few others have made.
(pats JD on the head)
Forgiven, just...really...really think before you type. I suggest re reading everything you type before you post...and if its sounds dumb to you...DONT...

I don't think it'll affect it at all. It still has rooms left and while I don't think the residences will totally sell out, it'll do well. Kobe already bought a unit there if not shown interest in buying one and I know for a fact that Arnold Swartza...the Governator bought the penthouse unit.

I would like to see the Holiday Inn torn down and that lot turned into a W Hotel and Residences. 35 stories would be perfect.

Just-In-Cali · #**3566** Posted **Feb 7, 2008, 9:00 PM**

Quote:

Originally Posted by ThreeHundred

I don't think it'll affect it at all. It still has rooms left and while I don't think the residences will totally sell out, it'll do well. Kobe already bought a unit there if not shown interest in buying one and I know for a fact that Arnold Swartza...the Governator bought the penthouse unit.

I would like to see the Holiday Inn torn down and that lot turned into a W Hotel and Residences. 35 stories would be perfect.

I do hope you are right! BTW, is anyone else going to the Chinese New Year parade in Chinatown on Sat? I'm going with a couple of friends, and I said..will be wandering around to see what progress has been made. No better judge on the goings on than your own eyes.
That article on the Maguire Office tower is revealing. I would think one thing that could help are more mixed use projects. They seem to fair better overall in a city that has hot and cold office/residential markets. Turn that tower into 45 percent office, 30 percent rental residential, and the rest to retail and service businesses and possibly a hotel, and you could have a viable project sooner, especially on that site. Maybe I am being naive...

colemonkee · #**3567** Posted **Feb 7, 2008, 11:42 PM**

Quote:

Originally Posted by Just-In-Cali

Colemonkee...seriously...not that I'm in favor of censoring opinions...but I do recall once when edluva and I got into it, the whole exchange was taken out and we were told to knock out the bullshit. Same should go for the bitching and moaning going on now.

I wish I could help. I'm not a moderator, but I play one on TV.

If you do have a problem with a specific forumer or need a moderator to come in and clean up the discussion of the thread, I think you can PM M II A II R IIK and see what he says. He helped me with putting this thread together with yakumoto wasn't available to update the old one.

I try to stay out of the arguments, though I must admit these last few days have been highly entertaining.

RAlossi · #**3568** Posted **Feb 7, 2008, 11:56 PM**

Colemonkee, we need you!

Echo Park · #**3569** Posted **Feb 8, 2008, 12:09 AM**

Colemonkee for mod '08

bobcat · #**3570** Posted **Feb 8, 2008, 3:28 AM**

Here's a video of a recent CCA roundtable discussion on the downtown housing situation. Very informative.

http://la36.granicus.com/MediaPlayer.php?view_id=11&clip_id=3102

BrandonJXN · #**3571** Posted **Feb 8, 2008, 5:45 AM**

^ I hate your City Hall av. Your City Hall av sucks hot ass.

So how are the sales for Park Fifth coming along?

citywatch · #**3572** Posted **Feb 8, 2008, 5:49 AM**

Quote:

Originally Posted by bobcat

Here's a video of a recent CCA roundtable discussion on the downtown housing situation. Very informative.

http://la36.granicus.com/MediaPlayer.php?view_id=11&clip_id=3102

Thanks for the link! I haven't seen you here for awhile, so a good post for you to start with to get back into the thick of things. My dsl is down right now, so I'm stuck without a fast connection & have to wait til tomorrow to watch the vid. But if it gives the latest info on things I've not heard or read about til now, then it will be worth quite a bit.

BTW, too bad so many SSPers are less interested in DT than in spending time dealing with waaaay OT postings. If I wanna watch the Jerry springer Show, I'll watch Jerry Springer elsewhere. That's even truer if the link to the video on DT housing opens up to something quite interesting & deserves to be a major point of discussion right now.

I'm assuming that one good thing about the housing situation in DT is that, unlike cities similar to SD or Miami, far more of the buyers of condos here are not, or were not, speculators. Not only have ppl buying on spec made the current housing & mortgage problems way worse than they otherwise would be, but if their condos sit empty most of the time, or all the time, that doesn't help add life to a hood, such as South Park, the OBD, little Tokyo, Bunker Hill.

Quote:

As lenders pore over their defaulted mortgages, they are learning that the number of people who bought homes as investments is much greater than previously believed.

Such borrowers turn up frequently in analyses of loans that defaulted within months after origination. In many cases, these speculators lied on loan applications, saying they intended to live in the homes in order to obtain more favorable loan terms or failed to provide the requested information.

Roughly 20% of mortgage fraud involved "occupancy fraud," or borrowers falsely claiming they intended to live in a property, according to an analysis by BasePoint Analytics, a provider of fraud-detection solutions in Carlsbad, Calif. Another study, by Fitch Ratings, looked at 45 subprime loans that defaulted within the first 12 months even though the borrowers had good credit scores. In two-thirds of the cases, borrowers said they intended to live in the property but never moved in.

Echo Park · #**3573** Posted **Feb 8, 2008, 5:56 AM**

I had always suspected a lot of DTLA buyers were speculators whenever I would walk down 11th at night and see the South towers sitting in darkness.

Echo Park · #**3574** Posted **Feb 8, 2008, 6:03 AM**

Quote:

Originally Posted by ThreeHundred

^ I hate your City Hall av. Your City Hall av sucks hot ass.

So how are the sales for Park Fifth coming along?

k3d · #**3575** Posted **Feb 8, 2008, 7:21 AM**

Quote:

Originally Posted by Echo Park

I had always suspected a lot of DTLA buyers were speculators whenever I would walk down 11th at night and see the South towers sitting in darkness.

From what i can tell most of the units are occupied in Luma and Eleven as well as Sky. Curbed had a sentence about a tv personality and a popular recording artist recent purchases of penthouse units at Luma. Luma has not been open for very long. They still have plywood on two of the elevators for move-ins.

k3d · #**3576** Posted **Feb 8, 2008, 4:16 PM**

About one floor per week going up now.

By k3d at 2008-02-08

Quixote · #**3577** Posted **Feb 8, 2008, 4:38 PM**

^ Yeah, it's moving along rather swiftly.

BrandonJXN · #**3578** Posted **Feb 8, 2008, 6:01 PM**

Quote:

Originally Posted by k3d

About one floor per week going up now.

By k3d at 2008-02-08

Nice to see Concerto peeking in the corner. But those air conditioning units...yuck.

k3d · #**3579** Posted **Feb 8, 2008, 6:08 PM**

Quote:

Originally Posted by ThreeHundred

Nice to see Concerto peeking in the corner. But those air conditioning units...yuck.

The ones with a helicopter pad are usually better looking. They wouldn't have that problem if they weren't all flat.

Echo Park · #**3580** Posted **Feb 8, 2008, 8:13 PM**

That's gonna be a sweet looking block if FIDM can get going. By the way, what's holding FIDM back? These developments depend on the market and potential buyers, but FIDM is supposed to house students who'll be subsidized by school loans so this isn't market rate housing, correct? So what other factors hold back niche developments like FIDM?