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Originally Posted by colemonkee
Really interesting quote from that article. Anyone know what this second project five blocks away from Glass Tower is?
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Just realized that Bloomberg piece was from June. Oddly, just got sent to me on a list today. Whoops.
Anyway, per Google, Trumark put out a press release a while back saying that their other site was "under contract." Nothing obvious online about where exactly it is - 5 blocks away could be straight up near Pershing Square or a zig-zag that would take you to yet another South Park parking lot.
Edit: per the Assessor's Office website, commercial property sales after May-ish 2014 include 533 S Broadway [run-down 2 story commercial], 730 W Olympic [surface parking], 811 W Olympic [car wash site], 948 S Olive [surface parking], 1100 Wilshire [existing high-rise], 655 S Hope [existing high-rise], and 654 S Figueroa [existing high-rise]. Several of those could loosely be described as about 5 blocks away, and that doesn't include any sales that were structured in such a way as to avoid registering change of ownership for Prop 13 purposes. By the way, looking at the Assessor's website, it looks like there's been a LOT of action on Broadway in the last 2 years, so probably more development in the pipeline there.