LOS ANGELES | Downtown Project Rundown 4.0

[blackcat23]

The 22 story high rise planned for 4th/Broadway looks to be proceeding.

http://www.latimes.com/entertainment/mov...w-place-to-park-20130326,0,3277765.story

The drive-in theater and the parking service that operate in the existing structure are supposed to vacate by April 14th.

[202_Cyclist]

Does anyone know how many housing units are either planned or under construction downtown?

Here is a quick list I made:

8th & Hope 290
Grand Ave 271
Chinatown Gateway 280
One Santa Fe 438
534 South Main 159
8th & Grand 700
Palmer I 439
Palmer II 247
888 Olive 283
TOTAL 3107

At 1.5 people per unit, this is 4660 more residents for downtown, a 8-9% increase from the 2011 estimate of 50,000 people living downtown. And to think, people are complaining about a Ross store?

[SoCalKid]

Originally Posted by 202_Cyclist

Does anyone know how many housing units are either planned or under construction downtown?

Here is a quick list I made:

8th & Hope 290
Grand Ave 271
Chinatown Gateway 280
One Santa Fe 438
534 South Main 159
8th & Grand 700
Palmer I 439
Palmer II 247
888 Olive 283
TOTAL 3107

At 1.5 people per unit, this is 4660 more residents for downtown, a 8-9% increase from the 2011 estimate of 50,000 people living downtown. And to think, people are complaining about a Ross store?

Don't forget Ava Little Tokyo (280 units) or the Sares-Regis right next to it (240 units). There's also the Palmer Da Vinci development (526 units), but that is barely within the limits of Downtown. All told though, that brings to total to 4153! Using your 1.5X calculation, that means 6230 more residents! Furthermore, I suspect the number of units planned will increase significantly over the next year!

[202_Cyclist]

Originally Posted by SoCalKid

Don't forget Ava Little Tokyo (280 units) or the Sares-Regis right next to it (240 units). There's also the Palmer Da Vinci development (526 units), but that is barely within the limits of Downtown. All told though, that brings to total to 4153! Using your 1.5X calculation, that means 6230 more residents! Furthermore, I suspect the number of units planned will increase significantly over the next year!

The LA Times article posted above doesn't mention the number of units but a 22-story building will probably have another 200-300 units. Add the Wilshire Grand and the Marriott and a museum of at least regional significance that is under construction, plus significant investment in transit to tie downtown together with the rest of LA County, and this is quite a boom. As others have said, at some point, this will create its own momentum for further growth.

[StethJeff]

Originally Posted by blackcat23

The 22 story high rise planned for 4th/Broadway looks to be proceeding.

http://www.latimes.com/entertainment/mov...w-place-to-park-20130326,0,3277765.story

The drive-in theater and the parking service that operate in the existing structure are supposed to vacate by April 14th.

I know some people disagree with this idea, but some streets are definitely more important than others, and Broadway is one of them. No one will see DTLA as revitalized unless Broadway begins to at least resemble its former glory. Same goes with Pershing Square. I'll take one 22-floor building on Broadway over three similar buildings in South Park. Definitely crossing my fingers for this proposal.

[SoCalKid]

Talking about residential towers in the Historic Core, is there any word on Barry Shy's 40 story tower proposal at 6th and Main? Last I heard they were aiming for an April groundbreaking. I'm wondering if this is still the case.

[Valyrian Steel]

Originally Posted by 202_Cyclist

Does anyone know how many housing units are either planned or under construction downtown?

Here is a quick list I made:

8th & Hope 290
Grand Ave 271
Chinatown Gateway 280
One Santa Fe 438
534 South Main 159
8th & Grand 700
Palmer I 439
Palmer II 247
888 Olive 283
TOTAL 3107

At 1.5 people per unit, this is 4660 more residents for downtown, a 8-9% increase from the 2011 estimate of 50,000 people living downtown. And to think, people are complaining about a Ross store?

Originally Posted by SoCalKid

Don't forget Ava Little Tokyo (280 units) or the Sares-Regis right next to it (240 units). There's also the Palmer Da Vinci development (526 units), but that is barely within the limits of Downtown. All told though, that brings to total to 4153! Using your 1.5X calculation, that means 6230 more residents! Furthermore, I suspect the number of units planned will increase significantly over the next year!

There's also Avant (440 units).

[ConstructDTLA]

Originally Posted by SoCalKid

Talking about residential towers in the Historic Core, is there any word on Barry Shy's 40 story tower proposal at 6th and Main? Last I heard they were aiming for an April groundbreaking. I'm wondering if this is still the case.

More recently they said 'hopefully by the end of the year (2013)'. Very sad.

Originally Posted by Pink Floyd

There's also Avant (440 units).

And the TCA 7-story at Olympic & Hill (287 units).

[Muji]

Speaking of Avant, the Flower Street side is now up to 5 floors, while Figueroa St. is still on 3. The Courtyard Marriott is also now visible from the Metro Pico Station.

[blackcat23]

Originally Posted by SoCalKid

Talking about residential towers in the Historic Core, is there any word on Barry Shy's 40 story tower proposal at 6th and Main? Last I heard they were aiming for an April groundbreaking. I'm wondering if this is still the case.

The Downtown News wrote about the project in their February development update. Shy was currently doing a geological study of the lot as required by the city at the time. Not sure where progress is now.

As previously mentioned, he's shooting for sometime this year.

In other news, the Desmonds adaptive re-use project is looking to go forward under new ownership.

http://www.latimes.com/business/realestate/la-fi-property-report-20130328,0,1079794.story

Makeover set for former downtown L.A. warehouse



by Roger Vincent

A showplace of the early automotive age in downtown Los Angeles a century ago is set to be revived by new owners who have ambitious plans to turn it into offices, a restaurant and a nightclub near L.A. Live.

Long vacant, the stocky five-story building at 11th and Hope streets was a warehouse for the now-defunct local department store chain Desmond's. It still has the company's name affixed to the top.

But its glory days date to 1916 when it opened as a full-service outpost of Ohio automaker Willys Overland Co. and once sold luxurious Willys-Knight cars to the city's well-to-do.

Developing the project is Lincoln Property Co., which bought the property last week for $16.25 million. It plans to spend an additional $9 million over the next 12 months in hopes of making it a showplace again, Executive Vice President David Binswanger said.

[BrandonJXN]

I'd rather see Desmond's turned into lofts but I'm happy something is happening to it.

[ConstructDTLA]

Originally Posted by ThreeHundred

I'd rather see Desmond's turned into lofts but I'm happy something is happening to it.

Agreed.

Theres an obscene shortage of housing in DTLA, and at the same time a just as ridiculous surplus of offices.. It seems a no-brainer to just keep building housing until the work-space to live-space ratio kind of levels out.

[LA/OCman]

Originally Posted by SoCalKid

Don't forget Ava Little Tokyo (280 units) or the Sares-Regis right next to it (240 units). There's also the Palmer Da Vinci development (526 units), but that is barely within the limits of Downtown. All told though, that brings to total to 4153! Using your 1.5X calculation, that means 6230 more residents! Furthermore, I suspect the number of units planned will increase significantly over the next year!

Also:

Title Insurance Building (250 units)
Banco Popular (212 units)
Singer Sewing Building (8 units)
1111 Sunset Blvd (92 units)
1027 Wilshire (376 units)
12th and Grand (1st phase 300 units)
The Chelsea (adj. to Alexandria Hotel 28 units)

[blackcat23]

Agreed.

Theres an obscene shortage of housing in DTLA, and at the same time a just as ridiculous surplus of offices.. It seems a no-brainer to just keep building housing until the work-space to live-space ratio kind of levels out.

There is indeed quite a bit of vacant class-A office space in downtown. The problem is that the sectors of LA's economy actually experiencing job growth (i.e. technology) don't want Class A office space. They want "creative space." That's why tech companies have flocked to the Westside. The office space in Playa Vista is creative space, and it's attracted a variety of big name tenants. Microsoft, YouTube, TMZ, ICANN, Electronic Arts, etc.

From what I've seen in the past year, the creative office space that does exist in downtown seems to do pretty well.

The California State Bar purchased 845 Figueroa and will be relocating their Southern California headquarters to the building. The PacMutual building signed NastyGal to a 50,000 square foot lease a few months back. Several apparel companies have relocated their corporate headquarters to Alameda Square in the past year.

Not a coincidence that the Wilshire Grand's office component is going to be creative space. Perhaps the landlords for some of the struggling office towers in downtown should consider conversions? Since a lot of the office space on the westside has filled up, there will probably be an opening for creative space in downtown in the years to come.

[IMBY]

Originally Posted by LA/OCman

Also:

Title Insurance Building (250 units)
Banco Popular (212 units)
Singer Sewing Building (8 units)
1111 Sunset Blvd (92 units)
1027 Wilshire (376 units)
12th and Grand (1st phase 300 units)
The Chelsea (adj. to Alexandria Hotel 28 units)
Olympic and Hill apts (284 units)

I'm all but speechlessly excited about all the new development in DTLA, and I wish the list was longer, fearing, one day, when these new DTLA residents may come to that point and say: Enough is enough! And go on to restrict new developments.

When I read of all the obstacles to devleopment in Hollywood/Santa Monica, other areas of L.A., let's hope that never happens in DTLA!

Then where would the developers find more freedom in the L.A. area!!!

[SD_Phil]

Originally Posted by SoCalKid

Don't forget Ava Little Tokyo (280 units) or the Sares-Regis right next to it (240 units). There's also the Palmer Da Vinci development (526 units), but that is barely within the limits of Downtown. All told though, that brings to total to 4153! Using your 1.5X calculation, that means 6230 more residents! Furthermore, I suspect the number of units planned will increase significantly over the next year!

Awesome! Thanks for doing the legwork

[Easy]

Originally Posted by SoCalKid

Don't forget Ava Little Tokyo (280 units) or the Sares-Regis right next to it (240 units). There's also the Palmer Da Vinci development (526 units), but that is barely within the limits of Downtown. All told though, that brings to total to 4153! Using your 1.5X calculation, that means 6230 more residents! Furthermore, I suspect the number of units planned will increase significantly over the next year!

Also, Avant has a second phase with a couple hundred units that should break ground this year. Also the Jade project at Pico/Flower with 400+ units. The Grand Avenue residential tower with a couple hundred more.

And I agree about the number going way up. It wouldn't surprise me to see > 10,000 units built in the next 5 years.

[alki]

Originally Posted by ThreeHundred

I'd rather see Desmond's turned into lofts but I'm happy something is happening to it.

I think they are going after the hi tech office market. That would be the kind of bldg techies would like......and there isn't a lot of that kind of space in DTLA. It wouldn't hurt to get more jobs DT.

[citywatch]

Originally Posted by blackcat23

Hasn't Perch been open for a couple of years now?

Or about a yr & a half, give or take several months. That is recent enough to fit my definition of "recently"

btw, thanks for all the pics you post here. My curiosity about this thread is pretty much based on that, or what's posted here by forumers who live in dt, or visit there alot, & may have personal experiences, news or up close comments about dt to key into this board.

Although I've been visiting ssp for a looong time, I for some reason don't recall alot of updates, pics in particular, about the projs that were going up several yrs ago. I don't recall seeing anything about when work began on the mkt lofts projs where ralphs is located or even many continuous updates about the concerto proj or the hanover tower at 9th & olympic. Maybe there was, but it's just my memory has grown so hazy over the past 10 yrs.

Originally Posted by blackcat23

The 22 story high rise planned for 4th/Broadway looks to be proceeding.

oh, darn, you got my hopes up high. I thought the article you linked to was specifically about the new bldg. But it only mentions that the small bldg at 4th & broadway no longer will be available starting around April to the ppl who operate the rooftop drive in movie series. that definitely shouldn't be taken as a sign of anything, not when we've gone through the false starts of the LA central proj & its plywood barricade....which eventually was torn down....or park fifth & its elaborate sales office & marketing publicity.

fool me once, shame on you. fool me twice, shame on me.

[StethJeff]

Farmers Almanac: No Baseball Downtown

by Eve Bachrach

City Councilmember Jan Perry tried to pour cold water on the rumors that the Council is considering revising the city's agreement with AEG to replace the planned football stadium with a baseball stadium Downtown. (Lots of people seem to love the idea of switching Farmers Field for Dodger Stadium or something like that.) "That's been bandied about for several years, and at this point, we have no formal proposal before us on a downtown baseball stadium," says Perry.

All it sounds like is there isn't a proposal before the council. OK? What if the NFL, AEG, or Farmer's itself falls through? One of the above seems like the most likely scenario at this point. They've already admitted to looking at alternatives for the convention center. Doesn't it sound like they'd be willing to consider a new MLB stadium if they actually had a proposal to review?

The Dodgers probably wouldn't relocate given the amount of $$ they've spent on renovating Dodger Stadium and the significant push back they'd get from their fan base. Then again I wouldn't be surprised if Arte Moreno and the Angels gave a new DTLA stadium serious consideration. He's clearly been doing everything to improve the team itself, grab a bigger chunk of the local market, and increase the team's visibility. Plus the city of Anaheim already hates him because of their legal battle over the team name. If he really wants to own the Los Angeles Angels, makes sense to move them to LA.

With the way he throws around his money, my guess is the city council would listen if he made a proposal.