LOS ANGELES | Central City Project Rundown 5.0 - Page 428

Docjalby · #**8541** Posted **Mar 14, 2015, 2:16 AM**

Well, there are ~50k residents, so I would say a 7% sample size is good enough to extrapolate.

I'm just saying there are plenty of options for the average downtowner and a lot of the buildings are being built for the average downtowner. You can get a 700 square foot one bedroom in Pegasis for $2,200.

BOYCOTT 90210 · #**8542** Posted **Mar 14, 2015, 2:35 AM**

Quote:

Originally Posted by Docjalby

One bedrooms are all over the place for $1,800 to $2,500. One Sante Fe, Hanover, any of the Barry Shy properties.

The average person in DTLA is making $100k a year. That means they should be spending $30 to 35k per year on housing, meaning ~$2,800 a month in rent. A whole lot of these apartments are actually building with that price point in mind or cheaper.

I really just don't get people seeing a glass tower going up and then complaining that they can't afford to live there. I'd love to live on the beach in Malibu on a mansion, but it is not the fault of the mansion builder that I can't.

I think you have it the other way around. Beverly Hills Nimby was trying to make a point that everyone on this board complains about low-rise TCA projects going up but in reality some of those projects are more affordable price per square foot.

Quixote · #**8543** Posted **Mar 14, 2015, 2:44 AM**

Quote:

Originally Posted by Muji

Hopefully their choice of architects doesn't make the forum explode

It's not like they're incapable of producing decent designs, as many of their projects feature quality glass and metal panels. A good amount of blame deserves to be placed on the cheapy developers who commission these designs in the first place.

http://tcaarchitects.com/icis/

Quote:

Originally Posted by DTLAdenizen

Olympic & Hill Hanover 7-Story by HunterKerhart.com, on Flickr

citywatch · #**8544** Posted **Mar 14, 2015, 5:05 AM**

Quote:

Originally Posted by blackcat23

Parking lot at 928 Broadway is torn up. Palmer's 10-story development is underway.

such a relief to know that alot of what's visible here has gone to that big parking lot in heaven....

• Video Link

Quote:

Originally Posted by Wally West

The soonest the project would begin construction would be early 2016, and from there work would probably take about two years.

I sure hope that doesn't turn out to be one of those projs whose time schedule moves about as fast as....

one bad thing about getting early news on proposed projs, esp ones as important as the apt tower penciled in for 4th & hill, is that devlprs have a way of delaying actual groundbreaking for months & months, if not yrs & yrs. So 2016 could easily end up being 2017 or, worse of all....as with the notorious glass tower proj, many yrs into the future, perhaps even, for example, 2020 or 2028. that's even more possible if the economic tumble of 2008 is duplicated in the next few yrs, or devlprs in dt find it taking too long to fill their new bldgs due to too much supply coming online too quickly. So fingers need to be crossed.

Quote:

Originally Posted by brudy

My building has a constant stream of people who leave after only a year or two - they often can't take the neighborhood (core). They either move to SP or leave downtown altogether. I'd love to know the average length of tenure here.

I'm guessing such ppl won't be any more committed to sticking it out in dt even if the design of new projs is superb & general urban concepts are followed to a "t" throughout the redeveloped parts of the hood. The truly weak aspects of an urban environment like dtla....including rampant homelessness or too many petty crimes, or too much sense of poverty lurking around the corner.....run circles around even the worst of TCA's or Palmer's projs. however, if the major gaps all over dt can be finally eliminated, that may encourage impatient newbies to put up with urban squalor, based on the idea of there finally being light at the end of the tunnel.

202_Cyclist · #**8545** Posted **Mar 14, 2015, 1:38 PM**

If people are concerned about the cost of housing in DTLA, then advocate for reduced parking requirements. In addition to completely undermining transit ridership, underground structured parking for these new buildings often costs $30,000 - $50,000 per space. If the building owner doesn't explicitly charge for parking, then it is bundled into the rent, making the cost of housing more expensive.

retina · #**8546** Posted **Mar 14, 2015, 2:35 PM**

Quote:

Originally Posted by Docjalby

One bedrooms are all over the place for $1,800 to $2,500. One Sante Fe, Hanover, any of the Barry Shy properties.

The average person in DTLA is making $100k a year. That means they should be spending $30 to 35k per year on housing, meaning ~$2,800 a month in rent. A whole lot of these apartments are actually building with that price point in mind or cheaper.

I really just don't get people seeing a glass tower going up and then complaining that they can't afford to live there. I'd love to live on the beach in Malibu on a mansion, but it is not the fault of the mansion builder that I can't.

Maybe its just me but I don't think people who make 100k should be spending $2800 on rent. This salary by no means makes one affluent any longer. After taxes, higher cost of living downtown, and hopefully putting something in a 401k; spending 35k in cash on rent is NOT smart.

Wholeheartedly agree with others, less "luxury", charge for parking. I think once the entire 8th and Grand comes online, it will set the high-end market for 7 story boxes, all the other Hanover types will come down few hundred a month.

Mojeda101 · #**8547** Posted **Mar 14, 2015, 5:06 PM**

A closer look at the subway portal thanks to the guys down at DLANC

alki · #**8548** Posted **Mar 14, 2015, 5:22 PM**

The growing anti design sentiment on this thread is kind of funny. Americans are not anything if not superficial........they care about what people think about their cars, their clothes and where they live. We spend months even years picking out the right house to live. We pay extra to get the design and product we like. And if anything, Angelenos are even more superficial.

Bottom line: good design sells. I bet most of those projects with so so design will be sold to investment companies who will milk them for all they are worth and then sell them for scrap.

As for eliminating parking requirements, I don't think that's going to fly. Some cities already have no parking requirements and developers are still building projects with parking. Why? Americans want parking for their cars. The car is not going the way of the dodo bird........ at least not yet.

alki · #**8549** Posted **Mar 14, 2015, 5:26 PM**

Quote:

Originally Posted by Mojeda101

A closer look at the subway portal thanks to the guys down at DLANC

Not a bad design at all. TCA responsible? If so, it looks like its the developers who are responsible for the ones that are poorly designed and not necessarily TCA.

Developers lurking on this thread........step it up please.

jgacis · #**8550** Posted **Mar 14, 2015, 5:45 PM**

Quote:

Originally Posted by citywatch

I sure hope that doesn't turn out to be one of those projs whose time schedule moves about as fast as....

one bad thing about getting early news on proposed projs, esp ones as important as the apt tower penciled in for 4th & hill, is that devlprs have a way of delaying actual groundbreaking for months & months, if not yrs & yrs. So 2016 could easily end up being 2017 or, worse of all....as with the notorious glass tower proj, many yrs into the future, perhaps even, for example, 2020 or 2028. that's even more possible if the economic tumble of 2008 is duplicated in the next few yrs, or devlprs in dt find it taking too long to fill their new bldgs due to too much supply coming online too quickly. So fingers need to be crossed.

I'm guessing such ppl won't be any more committed to sticking it out in dt even if the design of new projs is superb & general urban concepts are followed to a "t" throughout the redeveloped parts of the hood. The truly weak aspects of an urban environment like dtla....including rampant homelessness or too many petty crimes, or too much sense of poverty lurking around the corner.....run circles around even the worst of TCA's or Palmer's projs. however, if the major gaps all over dt can be finally eliminated, that may encourage impatient newbies to put up with urban squalor, based on the idea of there finally being light at the end of the tunnel.

Yes, I can see your points but I don't think the worst parts will come into fruition. The way I see it each new project begets more projects. It's called economies of agglomeration and each new development not only changes the urban fabric in downtown, but the political climate as well. The downtown dynamics of today is far different from 2008 and just won't revert back completely 100% should another recession come. DTLA is far too early in its development history compared to other global cities, so let us just enjoy the time we have in our lives to experience what we have now...

citywatch · #**8551** Posted **Mar 14, 2015, 5:49 PM**

Quote:

Originally Posted by Mojeda101

A closer look at the subway portal thanks to the guys down at DLANC

to the owner & devlpr....

but the vertical brown flaps do make me a bit uneasy since they remind me of the much bigger concrete flaps at the base of the bonvaventure....

kcet.org

& what looks like what will be smaller flaps...or something more similar to the proposed apt tower at 4th & hill....on the planned budokan gym in little tokyo...

budokanoflosangeles.com

nonetheless...

all these sites & proposed projs illustrate just how much new devlpt still is needed throughout dtla to create a more cohesive whole. The lack of uniformity....meaning the way that a person in dt keeps bumping into locations that gives one a pause, & not a good kind of pause....is why the biggest question now is will demand for new housing in dt be below, equal or above all the supply thrown at it? hopefully, the latter.

BrianMojo · #**8552** Posted **Mar 14, 2015, 5:58 PM**

Quote:

Originally Posted by Mojeda101

A closer look at the subway portal thanks to the guys down at DLANC

Rendering looks great, thought maybe that curb cut was for parking at first but looks like it's just a drop off?

That said, what did they do to the poor Continental Building in the background? Oh renderings, you so silly.

citywatch · #**8553** Posted **Mar 14, 2015, 6:10 PM**

Quote:

Originally Posted by jgacis

The way I see it each new project begets more projects.

or the opposite of the domino effect, where in this case, the rising & completion of each new apt or condo proj creates more interest & confidence in dt. Some of that momentum is evident today, a far cry from where things began...

ghpalmer.com

^ the tuscan wonders of gh palmer were the start of the 2nd (or 3rd?) generation of quality housing in dt, since it followed the original bunker hill apt towers completed in the 1960s, & projs like the condos flanking those towers completed in the early 1980s, & the skyline apt tower....across from the ralphs on 9th st....completed in the 1980s. what's been completed over the past 10 yrs may be the 4th generation of housing, & what's now underway may be the 5th generation. Projs like the tower at 4th & hill or 4th & broadway would be the 6th generation.

I recall an article about palmer's projs, among others, & one of the ppl interviewed said at that time....I believe this was over 14 yrs ago....that dtla still didn't have enough good things to appeal to ppl like him, & it still couldn't compete with hoods near the coast. I thought it was perhaps embedded in this article, but I couldn't find it....

^

colemonkee · #**8554** Posted **Mar 14, 2015, 7:04 PM**

Wow, that base looks nice. My concerns are all addressed. Kudos to TCA, who seems to have turned a corner. I have an urge to show up to their office and say...

Eightball · #**8555** Posted **Mar 14, 2015, 8:38 PM**

Lol, on point Colemonkee

timpdx · #**8556** Posted **Mar 14, 2015, 11:34 PM**

Olympic/Broadway aka Broadway Palace, crane erected this morning (the 1000 block building)

Quixote · #**8557** Posted **Mar 15, 2015, 3:00 AM**

...

Quote:

Originally Posted by Jun

Has anyone seen this render before? found it on related's site.

phoenixboi08 · #**8558** Posted **Mar 15, 2015, 1:14 PM**

Quote:

Originally Posted by Quixote

...

That's the Grand Avenue Project.

It's some Frank Gehry design that was proposed for a lot across from the Disney. I don't remember, but I think it's commercial/residential with a hotel component?

There was some murmurs that they would install some kind of equipment to project onto the disney hall and have some kind of seating/amphitheater...something.

I don't know, it was nothing really concrete. It was more of an ephemeral concept.

caldor120la · #**8559** Posted **Mar 15, 2015, 4:40 PM**

Timpdx thanks for the photos and update on the Broadway Palace site. I feel that word on the LA Railway Building at 1060 S. Broadway being converted can't be to long away in coming. It almost has to happen, maybe someone has some information on the building they can give us? Going to be a great intersection again.

brudy · #**8560** Posted **Mar 15, 2015, 5:18 PM**

Quote:

Originally Posted by retina

Maybe its just me but I don't think people who make 100k should be spending $2800 on rent. This salary by no means makes one affluent any longer. After taxes, higher cost of living downtown, and hopefully putting something in a 401k; spending 35k in cash on rent is NOT smart.

Wholeheartedly agree with others, less "luxury", charge for parking. I think once the entire 8th and Grand comes online, it will set the high-end market for 7 story boxes, all the other Hanover types will come down few hundred a month.

The "experts" say you could be spending up to 30-33% of your income on housing, but that's net, not gross. Docjalby is talking gross, which is wrong. I agree with you - 100k/yr does not put you in the luxury category.