LOS ANGELES | Downtown Project Rundown 6.0 - Page 496

caligrad · #**9901** Posted **Jan 8, 2021, 2:37 AM**

https://therealdeal.com/la/2021/01/07/ca...-fine-in-connection-with-huizar-scandal/

Carmel Partners to pay a fine for their involvement in the Huizar scandal and will be able to proceed with their 30 story arts district tower that's already broken ground.

......Like I mentioned before. Pay a fine, switch developers, change the project around, either way, the city isn't going to demand that developments get canceled because of a little bribery haha. Bad foundation ? yes, Bad steel ? yes, not being fair to union workers ? MAYBE (and that's a big maybe), but bribery ? nah. HAHA. the most likely outcome for the new proposed tallest? height reduction and will switch hands. That's it. We might get lucky if it keeps the height but it will still switch hands.

IMBY · #**9902** Posted **Jan 8, 2021, 10:52 AM**

Quote:

Originally Posted by colemonkee

Interesting, and not a bad location for that... for now. Once the 41-story residential tower at the World Trade Center (hopefully) goes up, I foresee some issues with noise abatement. Though for the time being, I say build it all and figure it out later.

Being I've been with NoiseFreeAmerica for 10 years, I was thinking the same thing: Noise!

MN/WI · #**9903** Posted **Jan 8, 2021, 3:52 PM**

Oh the Spring St Hotel looks very cool.

colemonkee · #**9904** Posted **Jan 8, 2021, 4:01 PM**

On the Carmel Partners story of accepting the fine, it doesn't say that they are moving forward with the project. I hope they do, but expect the neighborhood to fight to reverse any approvals and have them re-apply.

LAisthePlace · #**9905** Posted **Jan 8, 2021, 4:39 PM**

Quote:

Originally Posted by colemonkee

On the Carmel Partners story of accepting the fine, it doesn't say that they are moving forward with the project. I hope they do, but expect the neighborhood to fight to reverse any approvals and have them re-apply.

I sure hope so too - It is a fantastic design and program not to mention it is already underway and not just a render.

The fact that something like that, assumingely, wasn't able to be built without them needing to "grease the wheels" is a tragedy in itself.

Developers can build a new skyscraper in countless cities we should be making it easy and predictable here in Los Angeles (The DTLA 2040 plan does a ton to improve that if it can get finalized this year)

Zapatan · #**9906** Posted **Jan 8, 2021, 11:32 PM**

Quote:

Originally Posted by caligrad

......Like I mentioned before. Pay a fine, switch developers, change the project around, either way, the city isn't going to demand that developments get canceled because of a little bribery haha. Bad foundation ? yes, Bad steel ? yes, not being fair to union workers ? MAYBE (and that's a big maybe), but bribery ? nah. HAHA. the most likely outcome for the new proposed tallest? height reduction and will switch hands. That's it. We might get lucky if it keeps the height but it will still switch hands.

Not sure if I missed it but I don't see anything in the article about being able to build yet.

All that aside, my other two concerns are that Shenzhen New World Group are inexperienced developers with no projects or properties under their belt, and the fact they also have several pending lawsuits against them.

I'd be fine with a height reduction if LA could build a cool looking 8 or 900 foot building here. Fingers crossed.

Easy · #**9907** Posted **Jan 9, 2021, 12:05 AM**

Quote:

Originally Posted by LAisthePlace

I sure hope so too - It is a fantastic design and program not to mention it is already underway and not just a render.

The fact that something like that, assumingely, wasn't able to be built without them needing to "grease the wheels" is a tragedy in itself.

Developers can build a new skyscraper in countless cities we should be making it easy and predictable here in Los Angeles (The DTLA 2040 plan does a ton to improve that if it can get finalized this year)

The whole thing is bizarre. City officials force numerous companies to pay bribes in order to get developments approved and then when their scheme is exposed fine the companies that paid the bribes. It almost seems as if it was ultimately a game started by the city and the city should be paying fines to the developers. There were two parties to these transactions, but somehow on the city side it’s only the people directly involved being held responsible and very likely not even all of those individuals.

caligrad · #**9908** Posted **Jan 9, 2021, 1:55 AM**

Quote:

Originally Posted by colemonkee

On the Carmel Partners story of accepting the fine, it doesn't say that they are moving forward with the project. I hope they do, but expect the neighborhood to fight to reverse any approvals and have them re-apply.

When the story first broke, it was on KTLA, they said the developer planned to move forward.

Quote:

Originally Posted by Zapatan

Not sure if I missed it but I don't see anything in the article about being able to build yet.

All that aside, my other two concerns are that Shenzhen New World Group are inexperienced developers with no projects or properties under their belt, and the fact they also have several pending lawsuits against them.

I'd be fine with a height reduction if LA could build a cool looking 8 or 900 foot building here. Fingers crossed.

Yeah it wasn't in the article, it was in a KTLA news report from yesterday.

But I think you're getting the projects mixed up. The new tallest parent company in China actually has a few developments and properties under their belt, including a few high-rises, but this is one of their first big ventures in the states....

I think you're mixing it up with the other tower next to LA Live that's proposed at 975Ft, its the one where the parent company is a bit sketchy and has little to no experience, if I remember correctly.

If you only knew the amount of lawsuits that developers have to deal with on a regular basis lol but things keep moving. BP nearly destroyed the Gulf of Mexico but are still pumping oil and actually thriving lol.

colemonkee · #**9909** Posted **Jan 9, 2021, 5:03 PM**

Good to hear that Carmel Partn--- er, CP Employers, will be moving forward with the Arts District tower. Hoping that resumes work soon.

MN/WI · #**9910** Posted **Jan 10, 2021, 4:21 PM**

Nice updates. As always. I really have to make it back out to LA.

WonderlandPark2 · #**9911** Posted **Jan 10, 2021, 8:36 PM**

Some drone views from this morning

LA21st · #**9912** Posted **Jan 10, 2021, 10:28 PM**

Looks amazing

LosAngelesSportsFan · #**9913** Posted **Jan 10, 2021, 10:53 PM**

Awesome! Really cool perspective of the grand. I'm really liking it

dktshb · #**9914** Posted **Jan 11, 2021, 3:52 AM**

The Grand is looking rather grand. I am really liking it. Hopefully it will be equally as appealing and inviting at street level. The Blvd. is starting to live up to its name.