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  #961  
Old Posted Jul 24, 2007, 1:14 AM
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btw thanx wonderland park 4 the pics. Park 5th makes a huge difference in the skyline with the only exception being the 3rd pic, but I like that angle of downtown so I hope it doesn't change. US Bank looks taller with the smaller buildings, like the Arco Towers, nxt 2 it rather than having to compete with the Aon Tower or CA Plaza like frm the other angles.
     
     
  #962  
Old Posted Jul 24, 2007, 1:15 AM
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if anything, I think #1 is too short. Park 5th should appear nearly as tall as the 750 ft. California Plaza, from a distance.
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  #963  
Old Posted Jul 24, 2007, 2:17 AM
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does anybody know if there's any talk of bringing 3 CA Plaza back from the dead like they did 4 metropolis?
     
     
  #964  
Old Posted Jul 24, 2007, 2:39 AM
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Originally Posted by DTLA View Post
does anybody know if there's any talk of bringing 3 CA Plaza back from the dead like they did 4 metropolis?
I wouldn't doubt it but not in like 2 years or so. Downtown LA only has 2 office towers proposed right now (Maguire and the office phase of Metropolis) so we should wait and see if the demand is there for those 2.

F1 Tommy: It's not 100% set in stone, but with as much advertisment as it's getting, I say it has a very good chance of being built. At the very least, it's getting some interest.
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  #965  
Old Posted Jul 24, 2007, 2:46 AM
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Hello Forumers

While it is my first post, I've spent the last couple of months reading through all the So Cal threads...focusing on downtown. When you read the archive oldest to newest, it really illustrates the intensity of the downtown transformation.

Thanks for the mention about Windows restaurant (32nd floor/Transamerica/ATT tower) closing soon. Booked a reservation over the weekend and we enjoyed great food with an amazing view of downtown at sunset and at night. Get there before the 31st if you can!
     
     
  #966  
Old Posted Jul 24, 2007, 3:53 AM
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Originally Posted by F1 Tommy View Post
AON LA is 858ft.
This is supposed to be 820ft.Is it going to get built for sure?
Actually, Park Fifth is supposed to be 850 ft. tall.
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  #967  
Old Posted Jul 24, 2007, 4:11 AM
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Emporis says tower 1 will be 820ft or 250m and 76 floors.That might be old
information.
I dont really care that much for the design but LA needs anything tall it can get.
     
     
  #968  
Old Posted Jul 24, 2007, 4:21 AM
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^Park Fifth's website lists the tower at 850 ft. Click on the "ABOUT" section.

http://www.parkfifth.com/
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  #969  
Old Posted Jul 24, 2007, 4:47 AM
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Originally Posted by fridayinla View Post
No one can say with 100% certainity. I would say it has a very good chance of actually happening. They're opening a sales office this summer and have already done extensive marketing... these people are serious.

And someone correct me if I'm wrong, but I think the developer already has some entitlements in place... a similar project was going to happen years ago on this site before the office market recession, and the developers were able to use their previous entitlements for the Park Fifth project.
Didn't the developer say that he has 'financing in place' already, whatever that entails ?
     
     
  #970  
Old Posted Jul 24, 2007, 4:47 AM
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Does anyone know what percentage of the Market Lofts have been sold so far? I would imagine that the sales will dictate if and when 8th and Hope (iHope) and 9th and Hope (Park Tower) break ground.
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Last edited by Quixote; Jul 24, 2007 at 4:54 AM.
     
     
  #971  
Old Posted Jul 24, 2007, 6:35 AM
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From what I hear, Park Fifth will be 72 stories at 850 feet tall. NOT 76 stories.
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  #972  
Old Posted Jul 24, 2007, 6:53 AM
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http://www.latimes.com/news/local/la-me-small24jul24,0,6182231.story?coll=la-home-center

Finding your space? Might be tough here
L.A. considers building apartments as small as 250 square feet. Critics say this isn't New York.

By Sharon Bernstein, Los Angeles Times Staff Writer
10:07 PM PDT, July 23, 2007

Is Los Angeles ready for the 250-square-foot apartment?

That's what city planning officials have in mind with a series of sweeping new zoning proposals that would allow developers to build smaller condos and apartments than ever before.

The tiny units — studios that officials hope will be as small as 250 square feet — are part of a package of proposed zoning changes aimed at significantly increasing density in downtown L.A. The rules would apply to the roughly five miles around downtown but could eventually be extended elsewhere in the city.

The idea is to encourage developers to continue to build high-rises downtown even as the market appears poised to slow down — while also spurring them to build units that are more affordable. Supporters — who include the city's top planning officials, some developers and Councilwoman Jan Perry, whose district includes downtown — say the rules will encourage the construction of housing at a time when the city desperately needs it.

"This is a landmark event," said Dan Rosenfeld, a principal in the development firm Urban Partners, which is behind several downtown projects. "The people who care about downtown L.A. have been waiting for these ordinances for a long time."

But the proposal — slated to come before the City Council next week — is already drawing criticism from those who see it as another effort to boost development in a region that is already in a high-rise building boom stretching from downtown through Koreatown and into Century City, Westwood and Marina del Rey.

Some land-use experts question whether there is much of a market for tiny apartments in downtown L.A., which, despite its recent resurgence, still lacks the cachet of Manhattan, central London or Paris. Others fear overcrowding and slum conditions if the market goes sour and the units are too densely packed.

"I see it as creating a neighborhood where parking is horrendous and families are squeezing themselves into these units which are very small because they are affordable," said Noreen McClendon, a developer of affordable housing. "It's just a tenement."

The tiny apartment is a fairly new concept in Southern California, which has a long history of suburban sprawl and larger spaces.

But in New York, Boston, San Francisco and many European and Asian cities, residents have squeezed into tiny apartments for decades, usually because the lure of the downtown area is so great — and the prices for larger places so high.

Gretchen Broussard, who co-owns Tiny Living, a Manhattan store that sells furnishings for small spaces, lived in a 200-square-foot apartment in that New York borough until five years ago.

"I couldn't even turn around in the space," Broussard said. "I maxed out every inch of the wall space, mounted everything to get it off the floor.... Every New Yorker is continually purging stuff because they don't have room."

In San Francisco, Martin Eng rents a 300-square-foot studio in the swanky Nob Hill neighborhood, across from the Ritz-Carlton hotel. Though Eng has several other homes around the state, the apartment is his primary residence — and he said it's livable only because it has a good view and plenty of light.

With a rent-controlled cost of $400 a month — below the market rate — the studio is a convenient city crash pad for Eng, 53, who works in investment.

"Mine is a tiny place, not somewhere you would want to entertain or bring people," Eng said. "It's like a poor man penthouse — you can't really be proud of it."

Although the new L.A. ordinance does not directly address the size of the apartments that could be built, it would remove all restrictions on the number of units that developers could put in a single building, a move that planners hope will result in residences as small as 250 square feet — about the size of a hotel room or a modest living room.

The ordinance would also let developers willing to reserve some apartments for low- and moderate-income families to make their buildings 35% bigger than zoning rules normally allow and to opt out of providing half the open space typically required. Those who build units for those with very low incomes would not have to offer parking spaces for those residences.

Perry said the proposed rules would concentrate new housing downtown while preserving single-family homes elsewhere.

The smallest units, Perry said, might be attractive to young professionals who want to buy a condo but can't afford anything larger, or to service workers who couldn't otherwise afford to buy or rent near their downtown jobs.

Burbank architect Mark Gangi, who also teaches at USC, said the rules could help mold downtown into a lively metropolitan center.

The new apartments might be used by those who need an affordable place to live, he said, but they might also become pieds-à-terre for professionals and others who want a modest place where they can stay overnight if they are working or seeing a show or ballgame.

But others are more skeptical about how tiny units would fare in Los Angeles.

Raphael Bostic, associate director of the Lusk Center for Real Estate at USC, said developers might take advantage of the city's offer to let them build affordable units without parking spaces, because the cost of such parking can be prohibitive. "Only the most adventurous would do the very small units," he said.

Jeff Lee, a developer active in the downtown area, said he was doubtful there'd be a market for 250-square-foot apartments or condos. "That wouldn't be much more than a bathroom and 10-by-10 bedroom," said Lee, who built the Market Lofts downtown.

Jane Blumenfeld, L.A.'s principal city planner, said that in cities like New York and San Francisco, people live happily in tiny apartments and condominiums.

But Joel Kotkin, an urban affairs expert, questioned whether such units would help the city's goal of creating a feeling of community downtown.

"You're creating tiny spaces that people live in for short periods of time," Kotkin said.

L.A.'s downtown is still not desirable enough to entice well-heeled purchasers to buy or rent a studio when they can live in a larger place elsewhere, Kotkin said.

"They say that in New York and San Francisco people live [in small apartments] a long time. Well, downtown L.A., you're not New York and you're not San Francisco."

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Times staff writer Tiffany Hsu contributed to this report.
     
     
  #973  
Old Posted Jul 24, 2007, 7:11 AM
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Originally Posted by Westsidelife View Post
Does anyone know what percentage of the Market Lofts have been sold so far? I would imagine that the sales will dictate if and when 8th and Hope (iHope) and 9th and Hope (Park Tower) break ground.
I'm just guessing here but Park Tower probably won't break ground at least until there is a parking garage built to park all the Market Loft owners who are currently parking in a newly paved/fenced/gated/gaurded parking lot where Park Tower is supposed to be built.

It looked as if the floorplan poster in the Market Lofts sales office had alot of orange stickers indicating "reserved". Mostly the preferable units gone. From my view it doesn't look like they all even have flooring yet.

Last edited by k3d; Jul 24, 2007 at 7:21 AM.
     
     
  #974  
Old Posted Jul 24, 2007, 7:40 AM
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Originally Posted by Westsidelife View Post
Does anyone know what percentage of the Market Lofts have been sold so far? I would imagine that the sales will dictate if and when 8th and Hope (iHope) and 9th and Hope (Park Tower) break ground.
I dropped by this weekend for the first time, and the sales office told me 130 of 260 units have been sold - so 50%.
     
     
  #975  
Old Posted Jul 24, 2007, 3:44 PM
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Exactly, this isn't New York City, this is Los Angeles.
So if Miami and Las Vegas decide to make small rooms in THEIR buildings, why not say THEY arn't like New York City?
Many major citys have destinies to become crammed roomed High-Rise metropolises.
In other words, New York City shouldn't be the only city to build up and have smaller apartments within them
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  #976  
Old Posted Jul 24, 2007, 3:58 PM
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Originally Posted by lynxwiler View Post
http://www.latimes.com/news/local/la-me-small24jul24,0,6182231.story?coll=la-home-center

Finding your space? Might be tough here
L.A. considers building apartments as small as 250 square feet. Critics say this isn't New York.
Very misleading headline. The actual story is: city planners are considering allowing developers to develop tiny apartments. Supply and demand will dictate whether or not such apartments actually get built.

By using "L.A." in the sentence above to mean both "city planners" and "developers", the piece's author is distorting the truth. The implication: L.A. is about to force people into shoebox apartments.

I say the City's action is a good thing. The city has for too long had too many regulations that favor suburban-style design.
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  #977  
Old Posted Jul 24, 2007, 4:09 PM
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Mandel Lofts gets a shiny new sign and some chandeliers at the entrance. There are also "For Lease" signs up on the building. Hopefully they get people moving in soon.
I'd swear the mandel & the next door Brockman have been the slowest moving projs in the history of the hood, maybe the world. Still no web site for the Mandel that I'm aware of. It had one posted for about 2 yrs or so, but that was taken down some time ago.

I remember thinking awhile back that these 2 condo/apt projs probably would be more than complete when the new whisky bar across the street opened. Well, the bar opened several months ago, but still no residents living across 7th.


Quote:
Finally, does anyone know what's up with this project? I found this project board on the east side of Olive, halfway between Olympic and 11th. I thought this was supposed to go in the surface lot at the corner of Olympic and Olive? The board calls for a March 2008 completion, which ain't gonna happen.
Good thing I've never seen that sign board before. That's like a carrot hanging at the end of a stick, certainly when the proj isn't living up to it original time schedule. Having to wonder about groundbreaking on another special non profit type of proj, the proposed FIDM dorm bldg next to the Hanover, is more than enough of a patience buster right now.
     
     
  #978  
Old Posted Jul 24, 2007, 4:29 PM
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Originally Posted by LosAngelesBeauty View Post
From what I hear, Park Fifth will be 72 stories at 850 feet tall. NOT 76 stories.
Per an interview with David Houk:

Question: The news is out that your Park Fifth mixed-use development project may include one of the tallest residential towers in the Western United States, to be built on the edge of Pershing Square in Downtown Los Angeles. What are your aspirations for Park Fifth?


Answer: First of all, to clarify the “tallest” issue: we are building a 76-story residential tower. The floor to ceiling height of a residential tower is dramatically different than an office building. While the number of floors seems like a lot, the actual height is slightly taller than the Gas Company tower. It’s nowhere near the size of the U.S. Bank tower.

We are planning, to the best of our knowledge, the tallest residential tower west of Chicago, but not the tallest building. Park Fifth will have two towers, 76 stories and 43 stories, including 735 condominiums and 218 five-star hotel rooms, plus ground-floor retail. That’s the project’s general description.



http://www.planningreport.com/tpr/?module=displaystory&story_id=1251&format=html
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  #979  
Old Posted Jul 24, 2007, 4:31 PM
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Originally Posted by petescafe View Post
The Third St side of the parking lot was receiving new parking stall paint lines. The Fourth st side has seen all the dirt and asphalt removed, as well as some of parking stall lines. It looks like the east side is getting ready to take over the parking duties as the west gets ready for a more permanent change.

If that site isn't showing signs of a lot more devlpt by now, I'm gonna guess the builder is reading this forum & trying to drive me nuts!
     
     
  #980  
Old Posted Jul 24, 2007, 4:41 PM
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I'll be uploading and posting some of the photos from the other end of Downtown today. Should be seeing some Chinatown, Little Tokyo, Olvera Street, Historic Core (Spring St.), Broadway, Grand Avenue...

hey, are you holding out on us?!

And good to read the various descriptions of how the new Ralph's was doing on at least its first 2 days. It's one of the few supermkts in CA with housing above it.

As for about 50% of the Mkt lofts being sold so far, that's OK but a sign demand isn't as high as it was when a proj like elleven sold out before it even opened. However, it also could be due to the design of the lofts. I remember LASF saying he found the units to be too small or poorly arranged.
     
     
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