LOS ANGELES | Downtown Project Rundown 6.0

[King Kill 'em]

Originally Posted by bobbyv

Not sure if we should take this as good news or bad news:
http://www.labusinessjournal.com/news/2016/apr/04/downtown-toyota-site-sold-30m/

Why would we take this as bad news? It's going to be developed. Considering the $30 million price tag, they'll probably have to make it a highrise to be profitable. The car wash site sold for a similar price. $25 million I think.

[Eightball]

Originally Posted by Mojeda101

Well according to this link:

http://therealdeal.com/la/2016/03/31/dtla-land-sales-slim-in-2016/

We might be seeing a slowdown in developments and it could potentially mean drops in property value.

To sum it all up, we are building and buying too much which is most likely going to result in a slowdown of development and sales in the coming years. Developers are going to be holding off and seeing how current developments hold out in the market until proceeding with their own projects, so enjoy what we have while it lasts. Hopefully this means more affordable units in the future. To be fair, Hunter DID predict this several times before, so I have to give him credit. Too many units too quickly(estimated to be 8,000-12,000 units in 2017 & 2018) could result in a massive surplus that could sit dormant for years. Didn't think the developments would catch up with the demand.

Right but that's a feature, not a bug. That's why I said we need a massive increase in supply, to hold down price increases. Of course as a homeowner I have a financial incentive to limit supply but I'm more interested in the health of the city and a ton of new residents would be great for tax revenues etc

[Jun]

Originally Posted by King Kill 'em

Why would we take this as bad news? It's going to be developed. Considering the $30 million price tag, they'll probably have to make it a highrise to be profitable. The car wash site sold for a similar price. $25 million I think.

Most likely going to be a repeat of their garage by metropolis.

[caligrad]

Originally Posted by King Kill 'em

Why would we take this as bad news? It's going to be developed. Considering the $30 million price tag, they'll probably have to make it a highrise to be profitable. The car wash site sold for a similar price. $25 million I think.

I think what booby was pointing at was there plan to put a parking garage on part of the site because "there is a lack of parking in south park" apparently (according to the article)

[blackcat23]

First Look at Emerald

Seven-story building from Jade Enterprises at 1340 S. Olive Street. 154 apartments, 10,700 square feet of retail space.

Designed by MVE + Partners.

[a9l8e7n]

Looks pretty elegant.

[King Kill 'em]

Originally Posted by caligrad

I think what booby was pointing at was there plan to put a parking garage on part of the site because "there is a lack of parking in south park" apparently (according to the article)

My dumbass just skimmed it earlier and didn't read the full thing. lol

Knowing that now 2 things
-Considering how the site cost $30 million and how small it is, the garage would have to be monstorously huge in order to be profitable. Awful.
-I disagree that there's a lack of parking and that's not just because I'm so anti-car. There's a lot of cheaper parking lots slightly farther away from destinations and I don't think people realize that. Back in November me and a few friends went to the auto show. We parked in this lot under the 110 that was only like $7 flat rate.

[ConstructDTLA]

Originally Posted by King Kill 'em

My dumbass just skimmed it earlier and didn't read the full thing. lol

Knowing that now 2 things
-Considering how the site cost $30 million and how small it is, the garage would have to be monstorously huge in order to be profitable. Awful.
-I disagree that there's a lack of parking and that's not just because I'm so anti-car. There's a lot of cheaper parking lots slightly farther away from destinations and I don't think people realize that. Back in November me and a few friends went to the auto show. We parked in this lot under the 110 that was only like $7 flat rate.

Parking prices have increased significantly since November. Significantly since even February really.

Do you mean under the 10? Try and steer clear of bridges & underpasses, those things are all coming down in the next quake.

[King Kill 'em]

Originally Posted by ConstructDTLA

The condos wont be getting more expensive. Trust me, they're about to take a huge dip.

Yeah but they'll still be in the millions.

I don't know if I've mentioned this before but I'd someday like to become a developer to provide middle class housing in downtown, so that families raising children have a better option than the suburbs. We need to somehow build 2-4 bedroom units that can be sold at a profit from roughly $300,000 to $700,000. It could really help curb emissions and sprawl, and it could start a newer, healthier way of living in this country.

[IMBY]

Originally Posted by ChargerCarl

Building in DTLA alone will never solve our housing crisis. We desperately need broad up zonings outside of downtown in lower density neighborhoods.

Has anything changed since I read an article in The Economist last year, stating that 72% of L.A. is still, archaically, zoned for single family homes?

At least they could alter the zoning at the rail stops, for Pete's Sakes!

It's shocking to ride the Blue Line (how long has it been in existence?) and you'd expect a mid-rise or high-rise to appear as you approached the Watts or Compton stops.

I was staying in Asuza last summer, for a night, seeing that the rail line will come into downtown Asuza, and I would expect a flurry of new housing developments in that area. Any on the drawing boards?

[bobcat]

Originally Posted by Mojeda101

Well according to this link:

http://therealdeal.com/la/2016/03/31/dtla-land-sales-slim-in-2016/

We might be seeing a slowdown in developments and it could potentially mean drops in property value.

There's a relatively high number of units being built downtown but the region as a whole is so underbuilt that I have to think it won't be too difficult for these units to be absorbed.

It'll be harder for the new hotels, however, as DTLA's room inventory will be increasing by about 40% over the next few years.

[King Kill 'em]

Originally Posted by IMBY

It's shocking to ride the Blue Line (how long has it been in existence?) and you'd expect a mid-rise or high-rise to appear as you approached the Watts or Compton stops.

I was thinking about this the other day and I think it's because al the neighborhoods the blue line runs through (except DTLA and Long Beach) are very poor and dangerous, and surrounded by nothing but other poor and dangerous neighborhoods too. Plus the blue line was built kind of poorly with so many at grade crossings slowing it down. There seems to always be a disruption in service.

[BrandonJXN]

Originally Posted by IMBY

Has anything changed since I read an article in The Economist last year, stating that 72% of L.A. is still, archaically, zoned for single family homes?

At least they could alter the zoning at the rail stops, for Pete's Sakes!

It's shocking to ride the Blue Line (how long has it been in existence?) and you'd expect a mid-rise or high-rise to appear as you approached the Watts or Compton stops.

I was staying in Asuza last summer, for a night, seeing that the rail line will come into downtown Asuza, and I would expect a flurry of new housing developments in that area. Any on the drawing boards?

Highrises in Compton? Well..there's Compton City Hall.

[blackcat23]

Inside Oceanwide Plaza's Huge Concrete Pour

https://www.youtube.com/watch?v=2sPzssQo6wE

[timpdx]

Looks like the video got pulled

[Mojeda101]

It's up for me?

I really hope Oceanwide doesn't take an entire year to go above ground.

[timpdx]

Link works again

[caligrad]

Originally Posted by IMBY

Has anything changed since I read an article in The Economist last year, stating that 72% of L.A. is still, archaically, zoned for single family homes?

At least they could alter the zoning at the rail stops, for Pete's Sakes!

It's shocking to ride the Blue Line (how long has it been in existence?) and you'd expect a mid-rise or high-rise to appear as you approached the Watts or Compton stops.

I was staying in Asuza last summer, for a night, seeing that the rail line will come into downtown Asuza, and I would expect a flurry of new housing developments in that area. Any on the drawing boards?

That's the problem. Developers laugh at the idea of even touching most of Compton/Watts/South Gate and etc. In developer terms, that area is still considered an economic dead zone. Inglewood would be in the same boat too but lucky for them they are getting the Rams stadium.

Its a shame...... If "shit boxes" ever had a place to be, South Central should be where they go, especially lining the blue line. somewhat cheaper land and all.

[caligrad]

Wait what ? anyone else notice how the Mods just deleted the conversation about fault lines and earthquakes but left the sarcastic/derailing/bickering mess from page 30-32?





I get called slave and other things on an unwarranted private message but nothing gets done.

Oh Mods. You crack me up

[BrandonJXN]

Yeah really. This 'selective moderation' sucks.