LOS ANGELES | Central City Project Rundown 5.0

[colemonkee]

^ That's one of the few properties downtown that I wish they would raise and rebuild rather than reuse.

[losangelesnative]

I agree, perfect spot for a mixed use tower

[DJM19]

Just tear everything down between 1st and 4th street, west of Flower to the freeway.

[caligrad]

Originally Posted by colemonkee

^ That's one of the few properties downtown that I wish they would raise and rebuild rather than reuse.

I agree. Its very suburban in design. That entire area ( north west corner of the downtown loop) needs to be rezoned. As of right now its the only area of Downtown proper that isn't seeing mixed use developments other than the & story fortresses lining the 110 and 101.

[hughfb3]

Nice job on that office park. I hope they attract a big name cutting edge company to place their headquarters here. I'm excited about the potential of this area once the regional connector gets built, connecting this somewhat far flung area of downtown to the rest of the action... I feel the bunker hill apartments and promenade towers time will be ticking upon the opening of the new station a block away. We already know a major Chinese company owns the LA Hotel/old Marriott at fig and 3rd. I'm seeing another future Wilshire grand type project here. Oh and if the Grand Ave project would ever see the light of day, it could also inject some new age South Park type action to this area.

Update. Soil testing on Shenzen Hazen/W hotel project has moved to the south east corner from the south west. Looks like they are testing the base of each planned tower in this 3 tower project. Question, what does soil testing mean in the process of development? Usually how far is that away from groundbreaking in a rough estimate?

[caligrad]

^^^ Based on other and previous projects. I would say ground breaks a year and a few months after soil testing. So Luxe seems to be actually right on schedule if they plan on breaking ground Q1-Q2 2017 like they said they were.

[ConstructDTLA]

Originally Posted by hughfb3

Update. Soil testing on Shenzen Hazen/W hotel project has moved to the south east corner from the south west. Looks like they are testing the base of each planned tower in this 3 tower project. Question, what does soil testing mean in the process of development? Usually how far is that away from groundbreaking in a rough estimate?

As I've been saying the cycle is over and the Shenzen project is far from making sense right now.

People here need to understand soil testing doesn't mean a tower is imminent. There could be so many things going on from LA City looking for lost utility lines to a simple sale of the lot (to a developer who wants to sit on it until a tower makes sense, OR even a developer who wants to break ground immediately).

[Easy]

Originally Posted by DTLAdenizen

As I've been saying the cycle is over and the Shenzen project is far from making sense right now.

People here need to understand soil testing doesn't mean a tower is imminent. There could be so many things going on from LA City looking for lost utility lines to a simple sale of the lot (to a developer who wants to sit on it until a tower makes sense, OR even a developer who wants to break ground immediately).

I thought that you said that hotels might still make sense?

[ConstructDTLA]

Originally Posted by Easy

I thought that you said that hotels might still make sense?

They might, but the hotel market isn't something I understand as well - specially when it comes to DTLA where there are tax incentives and overwhelming demand.

Besides, Shenzhens project is anchored by condos.

[black_crow]

Originally Posted by DTLAdenizen

As I've been saying the cycle is over and the Shenzen project is far from making sense right now.

Do we have to read that every single page?

Things don't make more sense, just because you repeat them.

[caligrad]

Originally Posted by DTLAdenizen

As I've been saying the cycle is over and the Shenzen project is far from making sense right now.

People here need to understand soil testing doesn't mean a tower is imminent. There could be so many things going on from LA City looking for lost utility lines to a simple sale of the lot (to a developer who wants to sit on it until a tower makes sense, OR even a developer who wants to break ground immediately).

What's going on Hunter? lol I mean I haven't said much in response to your cycle ending claims. But now you're starting to worry me.

Talk to Dr. Caligrad. LOL

In all seriousness though. You know I'm just as pessimistic as you when it comes to these projects, especially the bigger and taller ones, ( carwash site doesn't have a chance as of right now) but some projects you have to give some credit to, like this one.

So far the Luxe site hasn't shown any signs of being sold or stalled or anything. The developers said a 2017 ground breaking, so far their timeline has been matching what they are saying.

LA is going to need a lot more Hotel Rooms now that we just got the Rams back (plus the entertainment complex coming with it). Not to mention our housing crisis.

I know you seem 100% certain by your "cycle ending" claim, and I agree that LA may indeed slow down this year, But you might want to pump on the brakes just a bit. I saw you said you give this cycle end date in about 3 months. I think that might be a bit optimistic.

I don't believe in Cycles, But I do believe in slow downs.

If you're saying that tower construction in LA will slow Down then I believe that's possible. If you're saying that ALL projects will come to a screeching halt as they did during the recession, then that's where I disagree with you. The 7 story buildings will still takeover Hollywood, the Westside and the valleys during this next slow down. But even if this "Cycle" ends, it will be short lived with an uptick in 2018 when all current projects come online and get filled up.

And I thought the Shenzen project was actually anchored by the W in one of the towers? 2 condo/residential and one hotel tower.

[UserName01010]

825 Hill: Onni Tower: Grading and Shoring permits officially issued:



Source: https://www.ladbsservices2.lacity.org/OnlineServices/PermitReport/PermitResults/602075

[losangelesnative]

So does that mean onni changed their project to 509 condos instead of 516 apartments?

[King Kill 'em]

Originally Posted by colemonkee

^ That's one of the few properties downtown that I wish they would raise and rebuild rather than reuse.

Originally Posted by losangelesnative

I agree, perfect spot for a mixed use tower

I felt the same as you both until I saw this. I'm actually quite impressed for some reason and I think it should stay. The massive garage on the site could be torn down for a tower though.

Originally Posted by DJM19

Just tear everything down between 1st and 4th street, west of Flower to the freeway.

Well 3 of those 6 blocks are residential with a combined total of units somewhere around 1000. There's no way you could kick out that many people. They just need some major renovations to make them walkable and not ugly concrete modernism. (plus some new towers on their large parking lots)

I already said I like this office park now, I'm surprised too, but the other two buildings plus the giant parking garage with the YMCA ontop should go. In their abscence, we must also tear down all the pedestrian bridges and the giant 4th street viaduct thing (replace with with a tunnel with park land on top and which connects pedestrians to the top of Bunker Hill.

Originally Posted by caligrad

I agree. Its very suburban in design. That entire area ( north west corner of the downtown loop) needs to be rezoned. As of right now its the only area of Downtown proper that isn't seeing mixed use developments other than the & story fortresses lining the 110 and 101.

^See my plan above. Simply rezoning the area won't do jack shit.

[hughfb3]

Originally Posted by DTLAdenizen

As I've been saying the cycle is over and the Shenzen project is far from making sense right now.

People here need to understand soil testing doesn't mean a tower is imminent. There could be so many things going on from LA City looking for lost utility lines to a simple sale of the lot (to a developer who wants to sit on it until a tower makes sense, OR even a developer who wants to break ground immediately).

I was just asking a question and wasn't insinuating an imminent groundbreaking. I'm #overit about you saying this cycle is over. We just got confirmation of a $2 billion investment in a stadium and part 2 of the largest residential development in Hollywoods history just broke ground. Onni just got their shoring permits for their 50 story tower and frankentower is starting construction

Can you please give it a rest about this cycle being over. How I see it... We've only been through 13 days this year and we have already been through an amount of news on development normally taking 6 month to a year. the dollar amount we've so far seen is already amounting to about $3 billion total of development; a whole metropolis size project could break ground again and you'd still be parroting "this cycle is over"

[losangelesnative]

U.S Bank lit up beautifully tonight in blue and yellow for Rams returning

[LosAngelesSportsFan]

Originally Posted by UserName01010

825 Hill: Onni Tower: Grading and Shoring permits officially issued:



Source: https://www.ladbsservices2.lacity.org/OnlineServices/PermitReport/PermitResults/602075

Excellent. Frankentower work officially started yesterday with what looks like utility lines being moved around and now we have permits ready for Onni! Good month of January. Next up would be Marriott, Mack Urban and Apex 2 if i recall correctly.

[cesar90]

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[Valyrian Steel]

Originally Posted by LosAngelesSportsFan

Excellent. Frankentower work officially started yesterday with what looks like utility lines being moved around and now we have permits ready for Onni! Good month of January. Next up would be Marriott, Mack Urban and Apex 2 if i recall correctly.

Can't wait for Denizen's building moratorium to end. The next cycle's gonna be awesome!!

[caligrad]

^^^ LOL right. If the Luxe site actually breaks ground, I'm taking Hunter out to dinner. I like the dude lol, I'm just not understanding this end of cycle talk just yet. A bit of a slowdown maybe but end of a cycle.....eh. I don't think so.