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  #2821  
Old Posted Dec 5, 2007, 11:42 PM
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So 1110 Ingraham is 17 stories? Original one was supposed to be 13. Presales in South Korea first. I wonder if their sales pitch was "Top 3 floors get to watch American women in bikinis on the 1100 Wilshire pool deck." And then show clips from the Age of Love reality show.

Another one of those, I heard there was a height requirement things.
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  #2822  
Old Posted Dec 6, 2007, 4:47 AM
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That's about as boring as a box of chalk.
No kidding! Still, it is economically part of the Convention Center Complex
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  #2823  
Old Posted Dec 6, 2007, 5:03 AM
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Originally Posted by citywatch View Post
[/b]
As for any new proposals at this late date, including the 2 projs being mentioned for the sites on Fig south of the City Lights apt bldg, it's safe to assume that they'll be in a state of flux til receiving 1000% of their funding & devlpr's OK. Right now I'd be happy just to know that LA Central is under actual construction.

I wonder if I'm being too greedy in wanting to see alot more new devlpt now & over the next few yrs. Then I read about what's going on elsewhere, & realize that what means "alot" in LA, when put in the context of certain other cities, isn't necessarily all that much. IOW, is it too much to wanna see more, more, more??!!!

Getting major new highrises underway in DT right now would be easier if more businesses were pouring into the hood the way they've been doing farther west, around SaMo & Century city. So far almost all new construction in DT has been dependent on housing, & we all know what's been going on lately with housing prices & mortgages.

And I thought all the land in South Pk that could've been used for a stadium was sold off by AEG some time ago. Any proj that requires a lot of acreage would take much time to put together &, of course, alot of $$ to get control over.

There is a difference between the late 80's Recession L.A. Economy and the 2008-2010 uncertain L.A. Economy:

We didn't have "proven successful" venues like Staples Center and L.A. Live at South Park, or the WDCH and the Grand Avenue Project at Bunker Hill to keep development slow and steady, but continuing nonetheless.

Although.... it is irony that every time that Downtown tries to Urbanize, something ALWAYS ends up stopping it dead in it's tracks.
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  #2824  
Old Posted Dec 6, 2007, 5:13 AM
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Although.... it is irony that every time that Downtown tries to Urbanize, something ALWAYS ends up stopping it dead in it's tracks.
The current state of Downtown is just fine in my book. Assuming everything that's under construction is seen to completion (and even if nothing else starts until the next boom cycle), Downtown is already a very livable, walkable urban area. With more retail coming soon, it'll be that much better. Downtown as a neighborhood isn't going anywhere.
     
     
  #2825  
Old Posted Dec 6, 2007, 5:29 AM
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The current state of Downtown is just fine in my book. Assuming everything that's under construction is seen to completion (and even if nothing else starts until the next boom cycle), Downtown is already a very livable, walkable urban area. With more retail coming soon, it'll be that much better. Downtown as a neighborhood isn't going anywhere.
I agree. Even though some might moan and bitch about the progress of certain projects (namely LA Central but I agree with the masses; HURRY UP), I think Downtown as a neighborhood is light years beyond what it was even as recent as 2005. Granted, we all like shiny new skyscrapers which is why we are here. But watching downtown evolve into a neighboorhood is more refreshing to me than anything else. Still, I'm cautiously optimistic about the future of downtown. I think we have to be. DT is almost there but not quite. Still needs a good scrubdown, new streetlights, the connector obviously, as well as retail (both high end and fast food), among others. But I digress.
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  #2826  
Old Posted Dec 6, 2007, 6:22 AM
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It's nice to see the recent projects proposed along the Figueroa corrider, however, we need more infill between 9th & Pico and Flower & Broadway. It's just one huge parking lot after parking lot (w/ an AT&T bldg here and some other small old warehouses). I don't want LA to continue its linear development south of Staples onto Figueroa towards USC. It would remind me too much of the Wilshire corridor.
     
     
  #2827  
Old Posted Dec 6, 2007, 7:24 AM
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I updated the first page with the following:

1. Added 1340 Figueroa to the Proposed section
2. Updated renders and floor count for 1111 Ingraham
3. Moved the Medallion to Under Construction (finally!)
4. Updated the floor count for LAPD HQ - the actual floor count is 10.
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  #2828  
Old Posted Dec 6, 2007, 4:58 PM
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Construction will still be fine. Housing prices in most of LA will go down 50% while housing prices in downtown will go down 30%. They can still make money at those prices. Plus the retail will be strong
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  #2829  
Old Posted Dec 6, 2007, 6:36 PM
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Downtown L.A. Gets a Face-Lift

Ross Rinehart
Daily Bruin, December 6, 2007

For UCLA students, it can be particularly easy to remain within the bubble of Westwood. Yet while changes in the nightlife of Westwood are largely confined to new yogurt shops and new names for local bars, downtown Los Angeles is currently experiencing a multibillion-dollar revitalization that offers bountiful opportunities for entertainment.

The clearest example of the attempt to reinvigorate downtown is the Nokia Theatre, which stands adjacent to Staples Center. The Nokia Theatre is a state-of-the-art, 7,100-seat venue and a glaring contrast to the historic buildings that populate downtown. The theater and Staples Center comprise the initial steps in L.A. Live, a project aimed at bringing unprecedented opportunities for entertainment to the downtown area. Funded by Anschutz Entertainment Group and the Wachovia Corporation, with some assistance from L.A. taxpayers, L.A. Live plans to construct ESPN’s West Coast Studios, a 52-story Ritz Carlton Hotel, residences, and a multitude of restaurants, bars and clubs.

Cara Vanderhook, the communications and marketing manager for the Anschutz Entertainment Group, explained that L.A. Live plans to create a hub of entertainment in Los Angeles. “There’s no place in Los Angeles that’s a general meeting place, where you can do a live TV show and have a concert going on,” Vanderhook said. “Times Square West Coast is the feeling and the vibe that they’re going for with the entire project.”

In order to realize the “Times Square West Coast” vision, the Nokia Theatre offers a wide range of both national and regional acts to fill its capacity. A sister company to the Anschutz Entertainment Group, AEG Live, is responsible for booking the artists who will shape Nokia’s reputation during its early, formative stage. AEG utilizes its experience in operating the El Rey Theatre, the art deco music venue located in Miracle Mile area of Wilshire.

“I think we have the ability to bring in acts of all kinds,” Vanderhook said. “From Bjork to Tool to Enrique Iglesias, it’s pretty multifaceted. ... We have five to six different talent-buyers that go out and look at bands and acts of every genre, whether they’re hip and upcoming or have been around forever.”

The larger implications of L.A. Live reflect the ongoing attempt to revitalize downtown into a thriving metropolitan area. This coincides with downtown gentrification, the process by which new residents bring increased amounts of capital into an area, increasing property values and altering the area’s urban character.

And while an influx of artistic venues is linked to gentrification, UCLA urban development Professor Matthew Drennan noted that there is more involved with the process of redefining an urban area. “It’s probably not feasible for one developer to create a Times Square West – there were so many separate things that went into the revitalization of Times Square, from a history of tourism, theater, businesses to support theater and name recognition. They weren’t starting with nothing,” Drennan said.

“For downtown to be viable, it has to be all day and all night, not just a place where everyone leaves after 5 p.m. When young people live there and go out at night instead of watching TV, we’ll see some real changes.”

Ryan Halk, a 2007 UCLA alumnus who relocated to downtown two months ago, has noticed changes in the minutiae of downtown residences. “It’s completely changed since I started going to school four years ago,” Halk said. “I think four years ago, I would have never considered living downtown. I’ve come to downtown a handful of times each year the last few years, and I’ve started to see the transformation. ...There’s a grocery store now, there wasn’t a grocery store for the last 60 years I think. Now there’s a Ralphs.”

A multitude of new music venues accompany this change in downtown in an attempt to dissolve the hegemony that Echo Park, Silver Lake and West Hollywood have on entertainment. One such venue is Bordello, a new bar and restaurant with live music. Recasting the site of the oldest bar in downtown Los Angeles, Bordello reinterprets its early 20th century existence as a brothel by offering a burlesque show every Sunday, in addition to a regular schedule of rockabilly, ska, reggae and indie bands.

Having recently celebrated the venue’s first anniversary, co-owner Tony Gower described the need to build Bordello’s reputation on music in order to survive among the many new clubs downtown. “We’re trying to take you back in time when it was a bordello back in 1903,” Gower said. “We could have gone for the big promoters, but we tried to build a slight foundation in the first year of good, quality music. I’d say in five years’ time, we’ll see bigger, more national acts, but always keeping the good quality of music. The days of having the open mic kind of bands are over at Bordello.”

Gower found some difficulty in running a club in downtown as opposed to more typical areas that already have followers. “There was no local following,” Gower said. “It became really a destination venue, so that’s why we started using different promoters to try to bring people into that neighborhood.”

Concert venues face other challenges making it downtown, as there is an additional underground music scene to compete with. Halk, for example, has observed other young downtown residents eschewing traditional clubs to throw electronic-music parties in uninhabited warehouses. “The warehouse parties I’ve been to have been at the tops of buildings or in old, shabby-looking buildings that are on the ground level that you wouldn’t really think about checking out,” Halk said. “That’s sort of been the vibe that I’ve seen for the younger crowd – that’s what I experienced.”

Ultimately though, Gower remains confident that the new populace moving to downtown, and the corresponding revitalization, will benefit the club and the overall downtown music scene. “It’s incredible how many people are moving down here. In five years’ time the neighborhood will have grown up with us,” he said. “Because we’re still ahead of the game here, and it has not quite developed as we once thought it was.”

It might be too early to determine the extent to which the downtown music and nightlife scenes will flourish into the main destination for young Angelenos. However, the money and the effort being placed in the small area indicates that downtown is on the precipice of becoming a vital and exciting district worthy of any Angeleno’s attention – and perhaps worthy of a commute across the 10 Freeway for Bruins.

“Because downtown has been building up so much, and because there’s more and more people coming downtown all the time, it’s definitely a place to consider,” Halk said. “Right now I’m really happy living here. I’m looking forward to see how this changes and progresses, and to see what different groups of people are moving downtown. (But) whether it’s going to be a full-blown shift where we become Times Square West, though, I don’t know.”
     
     
  #2830  
Old Posted Dec 6, 2007, 8:36 PM
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Originally Posted by colemonkee View Post
I updated the first page with the following:

1. Added 1340 Figueroa to the Proposed section
2. Updated renders and floor count for 1111 Ingraham
3. Moved the Medallion to Under Construction (finally!)
4. Updated the floor count for LAPD HQ - the actual floor count is 10.
Yay!
Actually, when you look closer, 1340 Figueroa resembles one of Concerto's high-rises that are under construction.
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  #2831  
Old Posted Dec 6, 2007, 9:10 PM
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Originally Posted by danparker276 View Post
Construction will still be fine. Housing prices in most of LA will go down 50% while housing prices in downtown will go down 30%. They can still make money at those prices. Plus the retail will be strong
I have never heard this pessimistic of a forecast. Double digits, yes but prices down 50%? No way. Downtown will not drop 30%. Perhaps Riverside they will drop up to 30%. Where do you get your information?
     
     
  #2832  
Old Posted Dec 6, 2007, 9:40 PM
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Originally Posted by danparker276 View Post
Construction will still be fine. Housing prices in most of LA will go down 50% while housing prices in downtown will go down 30%. They can still make money at those prices. Plus the retail will be strong
50 %. lol come on now, get a grip.
     
     
  #2833  
Old Posted Dec 7, 2007, 6:22 AM
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I agree with the two who posted above. Downtown prices may actually increase overall.
Average price drop in L.A. County at it's worst will be around 10-15%
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  #2834  
Old Posted Dec 7, 2007, 5:03 PM
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I agree with the two who posted above. Downtown prices may actually increase overall.
Average price drop in L.A. County at it's worst will be around 10-15%
downtown may drop significantly. It may drop 30% in some areas, but I feel that many developers will go rental to prevent that. If downtown does drop by that much, I will buy! Over the 5 year span, downtown cant lose.
     
     
  #2835  
Old Posted Dec 7, 2007, 5:10 PM
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50%??? lol. Single family homes in the LA area will go down 25% TOPS. Maybe in Victorville or Moreno Valley homes will go down a bit more. But nowhere are home prices going to be cut in half.
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  #2836  
Old Posted Dec 8, 2007, 1:32 AM
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Although.... it is irony that every time that Downtown tries to Urbanize, something ALWAYS ends up stopping it dead in it's tracks.
It's not ironic. It's a natural real estate cycle of highs and lows that the nation has to endure every decade. Los Angeles has reputation of making developers spend years jumping through hoops and clearing hurdles of approvals. They waste so much time that it's easier to put projects on hold or abandon them altogether when they have to wait so long that people are no longer buying. It's an issue of timeliness. We love to stall developers until the real estate boom passes and it becomes unfeasible for them to build.

Last edited by ocman; Dec 8, 2007 at 1:44 AM.
     
     
  #2837  
Old Posted Dec 8, 2007, 2:02 AM
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Prices doubled in the last 3-4 years. So what's crazy about saying it will drop 50%?
There's no huge inflation, and add in all the foreclosure, banking mortgage stuff... Why is a house worth double than it was a few years ago?
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  #2838  
Old Posted Dec 8, 2007, 2:28 AM
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And look at what happened to the housing market in Japan. It could happen.

http://www.nytimes.com/2005/12/25/busine...91-wtUvV/njj/McXMan+wQK8w&pagewanted=all
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  #2839  
Old Posted Dec 8, 2007, 4:13 AM
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^ ^ ^

Dude, the Japanese economic collapse was at a totally different level.
In fact isn't that is what caused the recession here?
You had developers in the 80's and 90's proposing stuff like:

X-Seed 4000
Sky-City 1000
Millenium Tower(I really liked that one; I really thought it was going to be built)
The M.O.T.H.E.R
Try-2004
Aerolopolis

But! All those went down hard when Japanese Real Estate fell apart soon after.

Some cities in the United States other than L.A. seem to propose(and complete) at least 150 skyscrapers even when the economy is currently in a downtown; but maybe this time, finally, after over a century since downtown was first born, WE may actually do it ourselves.
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  #2840  
Old Posted Dec 8, 2007, 5:02 AM
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Must... be... nice! Muuust... be... niiiceee...!!!
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Nice!!!
     
     
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