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Originally Posted by Zapatan
I wonder why they're dragging their feet. Probably the total lack of skyscraper morale in this country.
Must be expensive to hold onto a site like that with no profit...
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I still don't understand why equity residential based in chicago never went forward on their apt proj at the NE corner of 4th & Hill St. I focus on that one site because it's right next to the heavily visited grand central mkt & the nearby angel's flight, so it's in a high visibility part of dtla.
I believe new apts in dt have leased up ok or rather quickly, even more so when they're subsidized as some of the units in equity's proj would have been. But maybe that lowered the proj's profit margin so much that the devlpr decided to bail? I know that equity had been fighting threats of lawsuits from nearby tenants or property owners who complained the bldg would have caused too much congestion or blocked their views of bunker hill.
as for a new addition to dtla, the 6th st bridge is actually a more ppl friendly conversation piece than certain very famous and much larger bridges elsewhere are. That's mainly because 6th St has floodlights & sidewalk lights as a part of its design features, which bridges known throughout the world for being in a lot of fog or that connect to a borough associated with ppl who speak with a certain dialect don't have.
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But if such things in dtla aren't kept safe & clean, the novelty will wear off very quickly.