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Originally Posted by blackcat23
The Downtown News released it's tri-annual development breakdown in this week's issue.
Some interesting bits of information:
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the proposed projs that caught my attention are the ones with groundbreaking dates that are rather specific and not way off in the future.
In comparison, the apt bldg across from the old united artists bldg, is described as having a completion date of 2017....at least no less than 3 full, solid yrs from now...meaning its groundbreaking would occur not much before 2015. Having to wait that long to see how it jells does change some of my earlier

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but the most mocking type of proposals are ones like the metropolis, which never had a firm timetable in the first place. I remember forumers here....including me...discussing that proj with as much interest & enthusiasm as though it were a done deal. some time later, we all know how that proposal turned out
btw, thanks for your continuing set of pics of work on various projs in dt.
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Olympic and Hill Apartments
The Hanover Company is in the planning stage for a 284-unit apartment complex that would rise on a current parking lot at Olympic Boulevard and Hill Street. Hanover plans to build seven stories of housing with 12,400 square feet of street-level retail, said Frank Pasker, the project manager for Thomas P. Cox Architects, which is handling the designs. The ground floor will also hold three live-work units. The developer plans to break ground around May 1 and construction would take approximately one year. Hanover, which developed the luxury apartment tower 717 Olympic, which bought the Hill Street site from Evoq Properties. Hanover started designs and permitting last year while the purchase was in escrow. The deal closed in January.
Sares-Regis Little Tokyo
The effort to build a 240-unit apartment complex at Second and San Pedro streets in Little Tokyo is in the city's plan check process, said Mike Winter, senior vice president of development for Sares-Regis Group. A groundbreaking is scheduled for April with completion expected in two years, he said. The company acquired the property at 232 E. Second St., which is currently a parking lot, last year. The site is adjacent to Avalon Bay Communities' Ava development.
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