It's only a 4-block walk from either of the Pershing Square station portals to Los Angeles Street, which, for all intent and purposes, is the edge of Skid Row. So that's not an unreasonable statement. That being said, it's all but irrelevant to DTLA development.
To bring the conversation back to development, it's good to see companies like Mitsui and Mack Urban positioning themselves to kick their projects off when the financial conditions are a bit more favorable to begin construction. Unlikely that will happen this year for either project, but it's smart to get them through the approvals process now so they can jump at the chance when interest rates start to ease. Would keep an eye out for actual engineering plan review submissions, which would indicate they're more serious. And would be nice to see Onni do the same with Times Mirror Square and the developer of the tower across 2nd Street over the new Regional Connector station. Get some or all of those towers going in 2025, and we could be in a relative boom per Zapatan's comment.
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"Then each time Fleetwood would be not so much overcome by remorse as bedazzled at having been shown the secret backlands of wealth, and how sooner or later it depended on some act of murder, seldom limited to once."
Against the Day, Thomas Pynchon
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