LOS ANGELES | Downtown Project Rundown 6.0

[badrunner]

Originally Posted by citywatch

parking lot catercorner to the billtmore was finally filled in with the park fifth apt tower

that happened like five years ago...

[badrunner]

Originally Posted by craigs

854 feet seems pretty tall in the context of downtown LA--it's only four feet shorter than Aon Center.

Yeah 854 feet is still quite tall for a residential tower. It will impact the skyline, especially the view from the south.

[scania]

Some of you on here always have something negative to say. I wonder what if anything makes some of you happy. There are a couple of you who go out of your way to be negative about whatever building. I know of two people here at my building that reads this forum and one of them specifically said one name that whenever they see his name, he knows that it won’t be anything positive. It’s like the android guy that’s on a mission to tell Apple users their phone is garbage.

[Easy]

Originally Posted by colemonkee

Breaking ground in September 2022 seems veeeeery optimistic. To quote the article (emphasis by yours truly):

These types of incentives take City Council approval and can take their time to work through that process - including public comment and City financial analysis. They'd have to move pretty quickly to get shovels in the ground this year.

Good point. IIRC the first step in the process for the hotel tax relief is to pay for the city to perform a study. They are probably a year away - or more - from groundbreaking which means that they can still get occupancy before the Olympics but just barely.

Originally Posted by Blesha13

Times Mirror Square and Tribune, y’all are next.

I looked at the Times mirror square EIR and their original plan was to start construction in 2019, which I think is the same year as Olympic/Hill was originally scheduled to start. Maybe they both happen this year?

[ILUVSAT]

Originally Posted by LAisthePlace

...and I think the tallest residential tower west of the Mississippi?

Both of the Angles Landing towers will be mixed use (including a mix of hotel, apartments and condos), correct? The tallest tower (at 854') will definitely be up there in terms of tallest "residential" towers. However, if this the case, the tallest all residential towers west of the Mississippi will still reside in Austin, TX (The Independent @690' and The Austonian @ 683').

In fact, Austin has some mixed use residential towers on the way (over 700'). The 1,022' 98 Red River (Site Prep), 875' Sixth+Guadalupe (U/C), 802' Ritz-Carlton Hotel & Residences (Proposed), 775' Conrad Hotel & Residences (Approved).

[craigs]

Yes, both the 63-story and 42-story Angels Landing towers will be mixed-use, with hotel and residential in each.

According to Wikipedia, the tallest completed residential-only towers in downtown Los Angeles are Metropolis Tower D, at 58 stories and 647 ft., and 820 Olive at 49 stories and 637 ft. The tallest mixed-use with residential is the Ritz-Carlton Los Angeles, at 54 stories and 667 ft., and the tallest incomplete residential-only towers are Brookfield at 64 stories and 695 ft. (under construction) and Oceanwide Plaza Tower 1, at 49 stories and 677 ft. (paused).

[38 Geary]

Originally Posted by ILUVSAT

Both of the Angles Landing towers will be mixed use (including a mix of hotel, apartments and condos), correct? The tallest tower (at 854') will definitely be up there in terms of tallest "residential" towers. However, if this the case, the tallest all residential towers west of the Mississippi will still reside in Austin, TX (The Independent @690' and The Austonian @ 683').

In fact, Austin has some mixed use residential towers on the way (over 700'). The 1,022' 98 Red River (Site Prep), 875' Sixth+Guadalupe (U/C), 802' Ritz-Carlton Hotel & Residences (Proposed), 775' Conrad Hotel & Residences (Approved).

Just curious, what qualifies as an all residential tower? Is it something with apartments or condos only, without a hotel component? What if there's ground floor retail? Does it then become mixed use?

[craigs]

Originally Posted by homebucket

Just curious, what qualifies as an all residential tower? Is it something with apartments or condos only, without a hotel component? What if there's ground floor retail? Does it then become mixed use?

I know you weren't asking me, but in my opinion ground floor retail alone wouldn't make an entire 60+ tower "mixed use." Several floors of office or hotel definitely would, though.

[LAisthePlace]

For those that found yesterday's Onni Olympic + Hill update exciting, just wait for today's

Ground has been officially broken!! They did not wait long once fencing was up to start breaking through the parking lot asphalt.




Bonus shots of Olympic getting a full re-do too (does anyone know if they are planning upgraded bike lanes or anything fun on Olympic here)?




Made for a busy intersection this morning.

[Illithid Dude]

Olympic + Hill is solid. Decent pedestrian interaction and massing, deferring nicely to the beautiful Mayan Theater next door. Solid infill all around.

[Easy]

Originally Posted by ILUVSAT

Both of the Angles Landing towers will be mixed use (including a mix of hotel, apartments and condos), correct? The tallest tower (at 854') will definitely be up there in terms of tallest "residential" towers. However, if this the case, the tallest all residential towers west of the Mississippi will still reside in Austin, TX (The Independent @690' and The Austonian @ 683').

In fact, Austin has some mixed use residential towers on the way (over 700'). The 1,022' 98 Red River (Site Prep), 875' Sixth+Guadalupe (U/C), 802' Ritz-Carlton Hotel & Residences (Proposed), 775' Conrad Hotel & Residences (Approved).

You misread something. The post that you responded to isn't about Angels Landing, it's referencing another tower that just broke ground and that tower will be all residential and will be 760 feet.

[citywatch]

Originally Posted by LAisthePlace

For those that found yesterday's Onni Olympic + Hill update exciting, just wait for today's

glad you're capturing another gap in dtla going to that big parking lot in the sky.

meanwhile, a big part of dt a few blocks to the west of the onni proj is getting some attention in the news right now...

Oceanwide has officially trimmed back to one development in the U.S. — its unfinished, 2 million-square-foot Oceanwide Plaza project in Downtown Los Angeles.

Earlier this month, the China-based developer signed a deal to sell a 484-acre site in Hawaii for $92.9 million — a $25 million loss for the company, according to financial filings with the Shenzhen Stock Exchange. Oceanwide is selling the property to Tower Development, a Honolulu-based developer.

The company previously had four U.S. developments: a project in Manhattan’s South Street Seaport, a 2.4-million-square-foot skyscraper development in San Francisco, Oceanwide Plaza in L.A., and the 484 acres on the island of Oahu.

Oceanwide is in default on the $175 million loan backed by the Manhattan development site and has lost control of its San Francisco project to its creditors and has sold the project in Hawaii.

The company has not made any default on Oceanwide Plaza, and has not made any disclosures regarding a potential sale or refinancing since 2020. An effort to save Oceanwide Plaza is still in the realm of possibility.

In June of last year, Oceanwide said it needs another $1.2 billion to finish up construction of the L.A. project, where the main structure is entirely completed, and nearly 60 percent of all electrical work is finished, according to recent filings.

The sale of the Hawaii project doesn’t get close to funding the rest of the construction in L.A., but it does clear debt with bondholders tied to the island project, giving Oceanwide one less financial hurdle.

Oceanwide has also cleared up a number of mechanic’s liens filed against the L.A. project in recent months, a pile of debt that has at times totaled hundreds of millions of dollars. In January 2020, Martinez Steel, a steelmaker that has worked on SoFi Stadium, filed a lien against the project, claiming Oceanwide owed around $151,500 for rebar installation and materials. Earlier this month, that claim was resolved.

another website is putting it this way....

Oceanwide To Throw Its US Resources Into Reviving This Stalled Billion-Dollar LA Project

The China-based developer behind a stalled billion-dollar downtown Los Angeles project now plans to do whatever it takes to finish construction, including selling off a handful of other U.S. development sites.

• Video Link

[LA21st]

Originally Posted by ILUVSAT

Both of the Angles Landing towers will be mixed use (including a mix of hotel, apartments and condos), correct? The tallest tower (at 854') will definitely be up there in terms of tallest "residential" towers. However, if this the case, the tallest all residential towers west of the Mississippi will still reside in Austin, TX (The Independent @690' and The Austonian @ 683').

In fact, Austin has some mixed use residential towers on the way (over 700'). The 1,022' 98 Red River (Site Prep), 875' Sixth+Guadalupe (U/C), 802' Ritz-Carlton Hotel & Residences (Proposed), 775' Conrad Hotel & Residences (Approved).

Have you seen the proposals and approvals for downtown LA? There's a ton more coming.
Anyway,
Not even sure why Austin is in this thread.

[LA21st]

Originally Posted by ILUVSAT

Both of the Angles Landing towers will be mixed use (including a mix of hotel, apartments and condos), correct? The tallest tower (at 854') will definitely be up there in terms of tallest "residential" towers. However, if this the case, the tallest all residential towers west of the Mississippi will still reside in Austin, TX (The Independent @690' and The Austonian @ 683').

In fact, Austin has some mixed use residential towers on the way (over 700'). The 1,022' 98 Red River (Site Prep), 875' Sixth+Guadalupe (U/C), 802' Ritz-Carlton Hotel & Residences (Proposed), 775' Conrad Hotel & Residences (Approved).

You're wrong anyway. 755 S. Figeruroa is 695 feet and it's all residential.

[LosAngelesSportsFan]

Originally Posted by citywatch

glad you're capturing another gap in dtla going to that big parking lot in the sky.

meanwhile, a big part of dt a few blocks to the west of the onni proj is getting some attention in the news right now...





another website is putting it this way....






• Video Link

Thank you for the oceanwide news! Let's hope

[craigs]

Originally Posted by LosAngelesSportsFan

Thank you for the oceanwide news! Let's hope

Agreed--there's at least some hope for Oceanwide Plaza. Because the downtown LA project is substantially constructed, it makes sense for Oceanwide to put their remaining funding into it rather than their unbuilt projects.

[craigs]

Some more Angels Landing renderings from Urbanize Los Angeles:

[BrandonJXN]

Really like how the retail section embraces the subway station. It'll be interesting to see how this will interact with Cal Plaza.

[scania]

Originally Posted by LA21st

Have you seen the proposals and approvals for downtown LA? There's a ton more coming.
Anyway,
Not even sure why Austin is in this thread.

Hahahahaha
I was gong to say the same thing. But it would've come off more mean and rude. Lol
Didn't want the moderators to send me a DM. Ha

[LA21st]

Originally Posted by scania

Hahahahaha
I was gong to say the same thing. But it would've come off more mean and rude. Lol
Didn't want the moderators to send me a DM. Ha

I don't mind. That post was arrogant lol.
It wasn't even correct.