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Originally Posted by dktshb
Downtown had twice the population in 1920 as it has now and was urban. I do believe it will surpass what it was and probably within the next 10 years but this is a rebirth or second birth for Downtown LA not the "first in history" for LA.
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Are you sure about that?
Although some old mansions on bunker hill were occupied by ppl....originally of some wealth.....even all of that started to fall apart during the early 1900s. Most of the rest of the housing around there were wood clad houses & plain multi story apt bldgs....mainly for lower income tenants....for pensioners.
there was some additional housing scattered throughout other sections of dtla, but I don't believe it was either plentiful or aimed at the upper scale.
Some ppl may have been long term guests in the biltmore hotel or alexandria, but they wouldn't have numbered much beyond a few dozen.
I believe you're overly romanticizing dtla of the distant past. If so, that's why it's better today than ever before in LA's history.
however, one reason why devlprs....in 2018....still don't want to invest in highrise bldgs, much less the super talls that sspers love to talk about, other than a few shorter ones mainly for residents or hotel guests, is the problem shown by this.....
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Citigroup Inc. is moving out of the Citigroup Center at 444 S. Flower St. in downtown Los Angeles to 29,000 square feet at nearby One California Plaza at 300 S. Grand Ave., according to sources.
Citigroup currently leases nearly 71,000 square feet at its namesake building according to CoStar Group Inc.
Citigroup will vacate around 55,000 square feet of space in the Flower Street building, but retain more than 10,0000 square feet as part of a bank branch, Ricci said.
Big banks have been reducing their headcount and floor space as more customers use mobile banking. Citigroup in particular has focused on digital banking.
The bank’s move also will give Coretrust the opportunity to offer signage on the 48-story, 914,000-square-foot tower.
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