Quote:
Originally Posted by Easy
That article also states that they paid $1 billion for the lot instead of it being a $1 billion total investment.
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I wish! that would suggest the value of land in dt is so great nowadays cuz the potential return will be so great. that might make sense if all the condos in the nearby ritz carlton had sold out in a split second & there was a long waiting list for more condos there. And if the hotel they're attached to, & other nearby hotels, & stores & office bldgs were packed 24/7 with guests, customers or businesses. Things are doing better today than in the past, but not to that degree.
so there's no way the new owners paid $1 billion, or would have been willing to pay that much, for that piece of land. If they did, any proj built there would presumably never pencil out.
Quote:
Originally Posted by brudy
Downtown desperately needs condos.
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It's my understanding that the price to build a decent condo still is too high in dt & that the demand for them still isn't strong enough that enough buyers will pay a listed price that covers both the cost of construction and allows a devlpr to make a nice profit. however, I'm still puzzled why a big devlpr like related, who was supposed to build on bunker hill around disney hall several yrs ago, took forever to get funding for its projs, while other devlprs....smaller ones....managed to get $$$ & start on their new devlpts before related was finally able to break ground on its new apt tower next to the rising broad museum.
Quote:
Originally Posted by StethJeff
I figured you'd be more upset about Park Fifth. Like I've said before, I don't quite understand the shared boner here on SSP for One Santa Fe.
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I can't understand why you or anyone else would be upset about park fifth in terms of the santa fe proj, or visa versa.
Unless I'm confusing you with someone else, I vaguely recall you becoming resentful about something I posted here awhile back. I have a hazy memory of an avatar of the griffith pk observatory & a posting in this thread some time ago that implied I was a debbie downer, or something like that. If my memory is playing tricks on me, disregard this comment. but if I'm correct, then any comments I've made that puzzle or bother you should be placed against your

comments about the santa fe proj & very

comments in another thread about LAX. iow, it's just a matter of different opinions, so take them for what they are.
this thread is becoming a bit dry....there still isn't any details about what the metropolis proj will be like.....& since I don't have anything exciting to add to the thread I'm not helping matters. So any new pics from mojeda would be welcome right about now.