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bobbyv
Oct 6, 2017, 9:32 PM
http://www.wehoville.com/wp-content/uploads/2017/10/Northwest.png
http://www.wehoville.com/wp-content/uploads/2017/10/Aerial-View-NE-9034-Sunset-508x600.png

http://www.wehoville.com/2017/10/06/the-sunset-tower-another-one-now-is-planned-for-sunset-boulevard/

Calicool
Oct 7, 2017, 2:43 AM
http://www.wehoville.com/wp-content/uploads/2017/10/Northwest.png
http://www.wehoville.com/wp-content/uploads/2017/10/Aerial-View-NE-9034-Sunset-508x600.png

http://www.wehoville.com/2017/10/06/the-sunset-tower-another-one-now-is-planned-for-sunset-boulevard/

Butter on top please. Stack-O-Pancakes! I like it though.

SD_Phil
Oct 7, 2017, 3:24 AM
^I love it.

Sun Belt
Oct 7, 2017, 3:38 AM
Looks like a new Capital Records building.

Steve8263
Oct 8, 2017, 1:36 AM
Regarding the stack of pancakes tower, I think it's safe to say WeHo residents are going to fight this thing-

http://www.wehoville.com/2017/10/06/the-sunset-tower-another-one-now-is-planned-for-sunset-boulevard/

The proposal will have to go before the city’s Planning Commission and that commission’s Design Review Subcommittee and ultimately before the City Council for approval given that its size far exceeds what current zoning regulations allow for the site. For example, the city’s Sunset Specific Plan limits the height of a building on the commercial lot to 100 feet, far lower than the 19 stories proposed by the Charles Company.

LDVArch
Oct 8, 2017, 4:56 PM
More renderings from ArchDaily:

http://www.archdaily.com/880924/new-renderings-revealed-of-renzo-pianos-motion-picture-academy-in-los-angeles

(I wonder if Piano's inspiration for the sphere came from Heizer's levitated mass.)

kelbeen
Oct 10, 2017, 12:46 AM
https://farm5.staticflickr.com/4460/37573019572_61b8799521_b.jpg (https://flic.kr/p/ZfcxGh)DSC_0464 (https://flic.kr/p/ZfcxGh) by Kelvin Cheng (https://www.flickr.com/photos/kelvincheng365/), on Flickr

https://farm5.staticflickr.com/4483/37573018372_98b6fb9b11_b.jpg (https://flic.kr/p/ZfcxkA)DSC_0478 (https://flic.kr/p/ZfcxkA) by Kelvin Cheng (https://www.flickr.com/photos/kelvincheng365/), on Flickr

colemonkee
Oct 10, 2017, 2:50 PM
Great shots, Kelbeen! I keep forgetting about the Vincent Thomas bridge replacement. Looks massive. And that shot of the Long Beach skyline will definitely change over the next few years. At least one new tower as tall (or slightly taller) than it's two tallest is underway, and another hotel tower that would be a new tallest was proposed recently.

WonderlandPark2
Oct 10, 2017, 4:02 PM
I was HD Buttercup last weekend and they say the building is no longer being demolished this year, at least. They are not closing and are making the La Cienega store an outlet. Wonder how long the delay in Caruso's tower is?

BrandonJXN
Oct 10, 2017, 4:05 PM
Great shots, Kelbeen! I keep forgetting about the Vincent Thomas bridge replacement. Looks massive. And that shot of the Long Beach skyline will definitely change over the next few years. At least one new tower as tall (or slightly taller) than it's two tallest is underway, and another hotel tower that would be a new tallest was proposed recently.

You mean Gerald Desmond Bridge. Vincent Thomas is the big green suspension bridge. That's not being replaced.

colemonkee
Oct 10, 2017, 6:39 PM
^ Good call out!

Prahaboheme
Oct 12, 2017, 3:50 AM
Will the new bridge be the first cable-stay bridge in LA metro?
I believe so - cannot think of another.

Calicool
Oct 12, 2017, 5:52 AM
[

plutonicpanda
Oct 15, 2017, 3:23 AM
Why is the white building on the north east corner of fountain and sweetzer vacant?

blackcat23
Oct 16, 2017, 10:51 PM
French Market - West Hollywood

https://urbanize.la/sites/default/files/styles/1140w/public/field/image/2017-1012_The%20French%20Market_View%2001-L.jpg?itok=tpn6uW2D (https://urbanize.la/post/new-offices-incorporate-west-hollywoods-french-market)

Villages at the Alhambra - 1000+ units

https://urbanize.la/sites/default/files/styles/1140w/public/field/image/alhambra3.jpg?itok=qd-sjxTL (https://urbanize.la/post/ratkovich-company-plans-apartments-and-condos-alhambra)

Illithid Dude
Oct 17, 2017, 3:34 AM
that's a nice looking office building at least. love the little bit of historic restoration thrown in.

Steve8263
Oct 17, 2017, 4:46 PM
Four Seasons Residences ready for the tower crane-

https://twitter.com/WebcorBuilders/status/913879327736922112


https://pbs.twimg.com/media/DK6_7RbUMAA4nU3.jpg:large

colemonkee
Oct 18, 2017, 2:31 PM
^ Wow, I had totally forgotten about that one.

kolchak
Oct 21, 2017, 10:23 PM
Marriot Edition Sunset Blvd.

http://i67.tinypic.com/302bevo.jpg

kolchak
Oct 22, 2017, 4:50 AM
http://www.wehoville.com/wp-content/uploads/2017/10/Northwest.png
http://www.wehoville.com/wp-content/uploads/2017/10/Aerial-View-NE-9034-Sunset-508x600.png

http://www.wehoville.com/2017/10/06/the-sunset-tower-another-one-now-is-planned-for-sunset-boulevard/

Wow that looks like they are trying to get some kind of facadectomy approved for the 1030s building on that site. I thought those buildings were historically protected in that area. I doubt this proposal will pass muster in the current form

Steve8263
Oct 24, 2017, 10:20 PM
Former Vons lot at Barrington and Santa Monica, apparently the area needs another Whole Foods-
Landry Design Group no less, the mansion king of L.A.

http://www.westlasawtelle.org/whats-new/2017/10/24/presenting-tomorrow-at-wlasnc-board-meeting-santa-monica-and-barrington-wholefoods-complex-developers-wed-oct-25-7pm

https://static1.squarespace.com/static/54204eebe4b0ea46588efd25/t/59efa128d7bdcead18d22120/1508876594714/SantaMonica11650+plans+Vons+site.pdf


https://static1.squarespace.com/static/54204eebe4b0ea46588efd25/t/59efb66a8a02c7457cf9d2d6/1508882044671/Screen+Shot+2017-10-24+at+2.47.44+PM.png?format=1500w


https://static1.squarespace.com/static/54204eebe4b0ea46588efd25/t/59efa0b229f187ca91b4baaf/1508876481998/Screen+Shot+2017-10-24+at+1.19.30+PM.png?format=1500w

NYC2ATX
Oct 24, 2017, 10:56 PM
MORE OF THAT PLEASE :slob:

Illithid Dude
Oct 25, 2017, 12:09 AM
Holy shit. Incredibly architecture.

dc_denizen
Oct 25, 2017, 1:17 AM
that's awesome wow!

Busy Bee
Oct 25, 2017, 2:12 AM
Oh that is sick. Oh boy that is sick.

SD_Phil
Oct 25, 2017, 4:42 AM
Reminds me of Calatrava a bit. I like it.

surfnspy
Oct 25, 2017, 4:51 AM
Love the planting, but I doubt the city will approve the curved planters. It is too easy to be a ramp from the street. there are a lot of rules about what kind of structures can be built. It will be interesting to see what changes have to be made.

colemonkee
Oct 25, 2017, 6:11 AM
Love this one, and hope it is built as is.

LAsam
Oct 25, 2017, 3:56 PM
That lot at SaMo and Barrington has been defunct for far too long, and that would be an amazing replacement! Do it!

sopas ej
Oct 26, 2017, 7:35 PM
From Urbanize LA:

Fresh Renderings for the $600-Million LACMA Redesign (https://urbanize.la/post/fresh-renderings-600-million-lacma-redesign)

https://urbanize.la/sites/default/files/styles/1140w/public/field/image/lacma1_1.jpg?itok=gDqic6fp

ozone
Oct 26, 2017, 7:47 PM
^^^
Looks exhausting. But I like the open views of Wilshire, Japanese Pavilion and the Tar Pits.

Illithid Dude
Oct 26, 2017, 7:52 PM
LACMA should start from scratch on this one.

The Illusive Man
Oct 26, 2017, 7:54 PM
Nice LACMA plan. I hope that gets built.

circuitfiend
Oct 26, 2017, 7:55 PM
The LACMA redesign looks like a shopping mall. Just sad.

The Illusive Man
Oct 26, 2017, 7:58 PM
What's it suppose to look like? Some weird pyramid thing?

sopas ej
Oct 26, 2017, 8:30 PM
^^^
Looks exhausting. But I like the open views of Wilshire, Japanese Pavilion and the Tar Pits.

I don't think it looks exhausting; in fact, I like that it looks like most of the exhibits will be on one level. Going through LACMA as it is now is actually quite exhausting.

And I like that it's a very nontraditional museum building; it doesn't follow the street grid and is not shaped like a box. It really is kind of amorphous. It literally thinks "outside the box." I'm also glad that they changed the color of it, too. It suits our climate better than something that would be all black.

My only beef with it is that some of the ceilings look too low, at least in the renderings.

Busy Bee
Oct 26, 2017, 9:38 PM
Love the mastadons. Nice touch.

SoCalKid
Oct 26, 2017, 10:49 PM
Love the mastadons. Nice touch.

The mastodons are already there as part of the La Brea Tar Pits and Museum

Busy Bee
Oct 26, 2017, 11:57 PM
AHHHH... I just outed myself as not being from or in LA :)

LDVArch
Oct 27, 2017, 1:32 AM
The LACMA redesign looks like a shopping mall. Just sad.

It looks like the Getty Center and MOCA.

Both consist of vertical blocks connected by a horizontal element. At MOCA, the horizontal element is the underground gallery which joins the blocks at the plaza level. At the Getty, the terraces connect the various galleries (pavilions).

Give Zumthor credit for figuring out that MOCA and the Getty have a similar topology and making a claim with his building for its primacy.

(Great architects see beyond the obvious.)

caligrad
Oct 27, 2017, 5:32 PM
I'm on the fence about it..... The "Blob" affect over Wilshire looks interesting, especially driving under it, that will turn into a destination on its own. BUT. IT needs to be simplified once it crosses Wilshire. LACMA will be losing 5k sq ft of space, NO. ????

I mean, the current layout is EXHAUSTING to say the least and you miss most of the museum as is with all the weird, winding and dead end corridors. The blob affect is fine on the south side of Wilshire and its fine going over Wilshire. BUT. Once it crosses Wilshire, it needs to connect to a simple box(s) (cant believe I'm saying that). For a museum, simple boxes with big open spaces but crazy but subtle exteriors are always best. Like the Peterson auto museum across the street and even the Getty to some extent (even though its more curvy) and even the Broad to some extent.

The Tar Pits museum needs a makeover as well. It can also be done with a simple glass box exterior and what seems to be oozing streaks of tar being poured over it ???? ANYONE OUT THERE LISTENING ???? just a thought.

But....Wont all that natural lighting be bad for the exhibits ? especially the LA sun that gets real brutal in late summer

mdiederi
Oct 27, 2017, 5:40 PM
The redesign is just cosmetic and still doesn't fill the needs of the museum. They need more floor space, lots more floor space, but this is almost the same square footage of the existing buildings, so they'll still have the same problem they're struggling with now. The windows create a new problem. Having sunlight entering an art museum exhibition space is a very stupid idea for archival reasons. Even indirect sunlight can damage art beyond repair over time. All they're really doing is trying to come up with something cool looking to stroke Govan's ego.

caligrad
Oct 27, 2017, 5:49 PM
^^^ I thought with this redesign, they will actually lose 5,000 sq ft?

mdiederi
Oct 27, 2017, 6:02 PM
The steel columns on the sides of the main tower are falsework and will be used to support construction of the main span.

https://c1.staticflickr.com/5/4513/26195555169_697de06b38_o.jpg
http://mailchi.mp/polb/gerald-desmond-bridge-replacement-project-weekly-update-october-27-november-2

ChelseaFC
Oct 27, 2017, 10:19 PM
Site has been cleared at 1355 Beverly Green Dr. (corner of Beverly Green/Pico in Century City). Zoned residential, but wonder if they're going commercial.

mdiederi
Oct 27, 2017, 10:56 PM
Will the new bridge be the first cable-stay bridge in LA metro?
I believe so - cannot think of another.

There's this pedestrian bridge in Wilmington.

https://landscapeperformance.org/sites/default/files/styles/lightbox/public/Wilmington-Bridge.jpeg?itok=zdVebsOi
https://www.google.com/url?sa=i&rct=j&q=&esrc=s&source=images&cd=&ved=0ahUKEwi_tMz08pHXAhVY7WMKHfUtBcAQjxwIAw&url=https%3A%2F%2Flandscapeperformance.org%2Fcase-study-briefs%2Fport-of-los-angeles-wilmington-waterfront-park&psig=AOvVaw1sH6gIGJUTxAZN6ckAdCSN&ust=1509231272293481

I think the Gerald Desmond replacement will be the largest cable-stay in California.

LDVArch
Oct 28, 2017, 6:12 PM
The redesign is just cosmetic and still doesn't fill the needs of the museum. They need more floor space, lots more floor space, but this is almost the same square footage of the existing buildings, so they'll still have the same problem they're struggling with now. The windows create a new problem. Having sunlight entering an art museum exhibition space is a very stupid idea for archival reasons. Even indirect sunlight can damage art beyond repair over time. All they're really doing is trying to come up with something cool looking to stroke Govan's ego.

Govan claims that there will be more display space in the new building than the old ones.

Sunlight can be filtered. I suspect the glass will be laminated to provide the necessary protection. The new building will also have deep roof overhangs and deep setbacks (distance of walls from windows). It also appears that the longest horizontal expanse of glass has a northwest exposure. Indeed, it is worth noting that the deepest overhangs and setbacks are on the southwest side of the building. (Zumthor has given the problem some thought.)

The redesign is not just cosmetic. It is symbolic. The museum complex lacks an identity. The Piano additions just made the situation worse. The new building hovers and wraps around the remaining buildings, opens up sight lines that unite the campus, and creates a public square to the west.

It is not just something cool. It is visionary and has the potential to be as iconic as Walt Disney Hall. Great cities are made out of building projects like this one.

ChelseaFC
Oct 28, 2017, 8:26 PM
The Airport Park View Hotel on Century Blvd in Inglewood was purchased by Shomof for $18 million, who will renovate the property. It is across the street from the Stockbridge/Kroenke development and adjacent to the site of the proposed arena for the Clippers.

https://therealdeal.com/la/2017/10/27/developer-izek-shomof-buys-inglewood-hotel-for-18m/

caligrad
Oct 30, 2017, 7:55 PM
^^^ So hes going back to his roots in redevelopment rather than tower construction ? good for him. HAHA.

blackcat23
Nov 1, 2017, 10:40 PM
Burbank Metrolink neighbor

https://urbanize.la/sites/default/files/styles/1140w/public/field/image/laterra3.jpg?itok=N4ZtHcXL (https://urbanize.la/post/large-mixed-use-complex-planned-near-burbank-metrolink-station)


631 Vermont

https://urbanize.la/sites/default/files/styles/1140w/public/field/image/631vermont3_0.jpg?itok=VynUyRhk (https://urbanize.la/post/new-look-koreatowns-wilshire-gate-tower)

Illithid Dude
Nov 1, 2017, 10:50 PM
A box yes, but a box with a low key very interesting curtain wall design. I like how each window is slightly offset from the next. Could look very good in person.

colemonkee
Nov 3, 2017, 3:05 PM
Loving 631 Vermont. More of that near transit stops, please.

JerellO
Nov 5, 2017, 10:00 PM
631 Vermont is so pretty

blackcat23
Nov 6, 2017, 5:45 PM
Academy development showing life signs

https://urbanize.la/sites/default/files/styles/1140w/public/field/image/academysquare.jpg?itok=nLyJr86j (https://urbanize.la/post/hollywoods-mixed-use-academy-development-getting-underway)

ChelseaFC
Nov 6, 2017, 9:51 PM
LAX released a new video of the TBIT expansion

ZmTspcwv1Fs

ocman
Nov 8, 2017, 5:19 PM
A box yes, but a box with a low key very interesting curtain wall design. I like how each window is slightly offset from the next. Could look very good in person.

A easy to design box, and still less aesthetically offensive than 80% of current proposals that pretend to try.

SoCalKid
Nov 13, 2017, 9:06 PM
Blackcat, you should do an Urbanize post on the result of the Expo Line Transit Neighborhood Plan meeting and the changes the Abundant Housing LA guys where able to get. Or get Josh or Brent Gaisford to write an op-ed about it. I think it's important for YIMBYs to know that speaking out can result in real change.

mdiederi
Nov 14, 2017, 5:55 AM
Govan claims that there will be more display space in the new building than the old ones.

I may have been overly cynical in my original post, but the main problem I see is lack of enough storage space, and space for the Conservation Center laboratories, not exhibition space. Even if they doubled the exhibition space, only about 5% of the collection could be displayed, currently only 2.3% is displayed, the rest is in storage. Putting all the exhibition space on one floor is a good idea, because they are having problems getting visitors to flow upstairs in the current buildings. Part of the new building plan is to make some of the storage viewable from public vantage points, but that actually uses more space than regular storage facilities. Museums aren't just show business, part of the museum's mission is to provide access to scholars who research obscure objects deep in the collection that never get put on display. In my line of business I've dealt with directors and curators at various art museums off and on for almost 25 years, and this is a growing problem at a lot of them. Rich people keep donating huge art collections, and they're running out of room for all of it.

All that said, I just now found this article from July about LACMA developing a satellite site at South Los Angeles Wetlands Park (55th and Avalon), where they want to convert an empty 84,000-square-foot building for exhibition space and additional storage. That'll help.

LACMA Plans Ambitious Satellite in South LA to Reach More Angelenos Where They Live
https://news.artnet.com/art-world/lacma-satellite-south-los-angeles-1033598

https://news.artnet.com/app/news-upload/2017/07/LAMAP.jpg

hughfb3
Nov 16, 2017, 7:32 AM
Ok back to topic.
https://urbanize.la/post/vermont-corridor-project-takes-another-step-forward

black_crow
Nov 16, 2017, 3:59 PM
Ok back to topic.
Thank you. It finally came to an end.

I am glad that the Trammell Crow Company is moving forward.
The design is nice and I don't even mind all those parking spots.

homebucket
Nov 16, 2017, 4:12 PM
^ Is that a parking garage project with midrise office and residential thrown in? 1900 space parking podium + 5 story garage... all 1 block away from a metro station. Yikes.

The Illusive Man
Nov 16, 2017, 5:24 PM
Umm, they've had a 6 year run where the highest level of success they've reached is losing in the Western Conference semis. They haven't even gotten to the Western Conference Finals. If that's your definition of success, you've got pretty low standards.

We aren't discussing their success on the court, we are mostly focusing on their success on the court and their viability in LA. In that area, they've been success, more so than most teams in the league.

The Illusive Man
Nov 16, 2017, 5:25 PM
Ok back to topic.
https://urbanize.la/post/vermont-corridor-project-takes-another-step-forward

How is sports and sports infrastructure not on topic? Just like people who discuss retail and restaurants on here, sports should definitely be discussed.

colemonkee
Nov 16, 2017, 6:11 PM
It's related if it ladders up directly to development. The debate over teams drawing fans really isn't related to any specific development as the stadium is already under construction and being built regardless of win/loss records of the teams. So the majority of that last conversation is indeed off topic.

The Illusive Man
Nov 16, 2017, 7:39 PM
It's related if it ladders up directly to development. The debate over teams drawing fans really isn't related to any specific development as the stadium is already under construction and being built regardless of win/loss records of the teams. So the majority of that last conversation is indeed off topic.

But I've seen people discuss the performance of stores on broadway or any of those streets and haven't seen them get called out.

Point taken though.

bzcat
Nov 16, 2017, 10:18 PM
The progress on Century Plaza Towers seems to be very slow. I don't think they are going to meet the "end of 2018" opening date if they haven't started any construction above ground. All the visible work so far are the rehab of original Century Plaza Hotel building.

LAsam
Nov 17, 2017, 5:00 PM
The progress on Century Plaza Towers seems to be very slow. I don't think they are going to meet the "end of 2018" opening date if they haven't started any construction above ground. All the visible work so far are the rehab of original Century Plaza Hotel building.

Definitely not going to be finished by end of 2018, but they are doing massive excavation work behind the hotel as site prep for the towers.

The Best Forumer
Nov 17, 2017, 5:15 PM
Are the zoning laws there strict?

Steve8263
Nov 17, 2017, 6:30 PM
Unfortunately the Chinese developers are in full retreat mode. Between the Govt crackdown on fund outflows overseas to slow sales, we might have seen the last project start from them for a while. Cases in point-

Wanda One Beverly Hills project had site prep going on for many weeks but work came to a halt a few months back and has been dead ever since.

Now this, Greenland has bailed out of NoHo-

https://therealdeal.com/la/2017/11/16/chinese-megadeveloper-greenland-backs-away-from-massive-noho-project/

Slow condo sales at Greenland downtown could be ominous for that whole zone.

LosAngelesSportsFan
Nov 17, 2017, 6:58 PM
Unfortunately the Chinese developers are in full retreat mode. Between the Govt crackdown on fund outflows overseas to slow sales, we might have seen the last project start from them for a while. Cases in point-

Wanda One Beverly Hills project had site prep going on for many weeks but work came to a halt a few months back and has been dead ever since.

Now this, Greenland has bailed out of NoHo-

https://therealdeal.com/la/2017/11/16/chinese-megadeveloper-greenland-backs-away-from-massive-noho-project/

Slow condo sales at Greenland downtown could be ominous for that whole zone.


Please show any evidence of slow sales at Metropolis. I hate this nonsense that keeps on circulating without any evidence

Steve8263
Nov 17, 2017, 7:46 PM
I readily admit to having no evidence other than what was written in the last sentence of that article. I hope they are wrong.

The Best Forumer
Nov 17, 2017, 7:50 PM
It would be better if they were indeed wrong.

caligrad
Nov 17, 2017, 8:34 PM
If there is any form of slow down with Metropolis, that might be a good thing.

If I remember correctly, Greenland was advertising Metropolis heavily in China and pretty much giving them first dibs on the condos and etc. People on here were mad saying "Metropolis is going to end up being a ghost project for people to park their money but not to actually live in it".

Well. If China is serious about its crackdown on the flow of assets/investments leaving the country, that might be the reasoning for any form of slow down with this specific project. I remember at one point tower 1? 2? (The first residential tower) was at like 60% taken before it was even topped out but mostly to foreign, Chinese, buyers. So. If they aren't buying anymore, that means we have a better chance of getting that project filled with people who actually live here. If that makes sense.....

We aren't discussing their success on the court, we are mostly focusing on their success on the court and their viability in LA. In that area, they've been success, more so than most teams in the league.

I've been gone for a few days, and I see that the whole convo has been deleted, however, if this is in response to my comment. Just to clarify before people get excited and twist things around. I wasn't talking about the Clippers success rate. I simply said "Its not fun playing in a City/Stadium/Arena with another team that's already getting the job done" which is true, one of the biggest complaints by Clipper players is playing under all of those Laker banners.

LosAngelesSportsFan
Nov 17, 2017, 9:08 PM
Anything written by Costar needs to be taken with a grain of salt

headcheckjj
Nov 17, 2017, 9:15 PM
Anyone have information on the project pushing dirt at Hoover and James M Wood?

Blesha13
Nov 19, 2017, 7:46 PM
How is sports and sports infrastructure not on topic? Just like people who discuss retail and restaurants on here, sports should definitely be discussed.

Thank you :worship:

Steve8263
Nov 20, 2017, 4:42 PM
And poof, Wanda's gone and the retreat grows-

Wanda lists One Beverly Hills for sale

The project has been experiencing turmoil since the Chinese government tightened its controls on overseas spending

https://therealdeal.com/la/2017/11/17/wanda-lists-one-beverly-hills-for-sale-along-with-four-other-projects-for-5b/

kolchak
Nov 23, 2017, 1:19 AM
Edition on Sunset today

http://i68.tinypic.com/kagwna.jpg

black_crow
Nov 23, 2017, 1:21 AM
Edition on Sunset Blvd today :

https://s8.postimg.org/3uc9uihox/20171122_162623.jpg
That one is so small that I need a magnifying glass. :runaway:

edit

That is better. Thanks.

caligrad
Dec 2, 2017, 9:46 AM
https://urbanize.la/post/first-look-latest-hollywood-boulevard-hotel

Whatever happened to this project? Its nothing fancy and pretty much a "Sh** Box", BUT, i was excited about it because its right in the center of the lack luster stretch of Hollywood blvd, the section between Highland and Cahuenga, which we all know needs an injection of life someway/how. But i see CIM is behind it so maybe they put it on hold? i was in the area a few weeks back and dont remember seeing anything happening, especially for a project thats supposed to be completed next month.

Speaking of CIM, any news on their Spaghetti factory tower ? If they are forced to Demo it, that would be a huge waste. Seeing how their tower downtown just topped out? , I would assume they have a plan for that tower in Hollywood as well? or is it completely out of their hands at this point?

Easy
Dec 2, 2017, 5:35 PM
If there is any form of slow down with Metropolis, that might be a good thing.

If I remember correctly, Greenland was advertising Metropolis heavily in China and pretty much giving them first dibs on the condos and etc. People on here were mad saying "Metropolis is going to end up being a ghost project for people to park their money but not to actually live in it".

Well. If China is serious about its crackdown on the flow of assets/investments leaving the country, that might be the reasoning for any form of slow down with this specific project. I remember at one point tower 1? 2? (The first residential tower) was at like 60% taken before it was even topped out but mostly to foreign, Chinese, buyers. So. If they aren't buying anymore, that means we have a better chance of getting that project filled with people who actually live here. If that makes sense.....

Regarding Metropolis, I recall the same thing. Metropolis Tower 2 (the first condo tower) and Ten50 finished at about the same time. Metropolis said that they were concentrating sales in China. I think that they used wording indicating that many units were reserved for Chinese buyers only, which sounds illegal. Meanwhile Ten50 focused on sales to locals and is now sold out or close to it.

SoCalKid
Dec 4, 2017, 6:36 PM
Regarding Metropolis, I recall the same thing. Metropolis Tower 2 (the first condo tower) and Ten50 finished at about the same time. Metropolis said that they were concentrating sales in China. I think that they used wording indicating that many units were reserved for Chinese buyers only, which sounds illegal. Meanwhile Ten50 focused on sales to locals and is now sold out or close to it.

They absolutely didn't reserve units for Chinese buyers only. There would be zero reason to do that. They likely pre-sold some (to both domestic and foreign buyers), but didn't set any aside with the purpose of finding exclusively Chinese buyers.

Resident
Dec 6, 2017, 8:58 AM
Meanwhile Ten50 focused on sales to locals and is now sold out or close to it.

Ten50 has 15 left as of a week ago.

caligrad
Dec 7, 2017, 8:52 PM
The "Final 15" has been on their website since September and its never really been a solid 15. Its currently listing 13 and out of that 13, 4 are listed as sold which means 9 are left and when you call the number to enquire, they list you 6 left in the building.

So 6-9 out of 151 units is in fact "sold out or close to it".

A friend of mine who works at a 400+ unit apartment community in Long Beach told me that management companies always want a percentage of units avalible to be able to move people around if needed for accomodation purposes, to always have a unit to show to potential future buyers and also to be able to flex pricing around. I wouldnt expect much difference from Ten50 to have a few units available for the same. In his community of 400+ units, he said they alway make sure to have atleast 10-20 open. So if they are listing 9 and when you call, telling you 6, i would assume 3 are those "open" units for ten50.

SoCalKid
Dec 7, 2017, 9:39 PM
The "Final 15" has been on their website since September and its never really been a solid 15. Its currently listing 13 and out of that 13, 4 are listed as sold which means 9 are left and when you call the number to enquire, they list you 6 left in the building.

So 6-9 out of 151 units is in fact "sold out or close to it".

A friend of mine who works at a 400+ unit apartment community in Long Beach told me that management companies always want a percentage of units avalible to be able to move people around if needed for accomodation purposes, to always have a unit to show to potential future buyers and also to be able to flex pricing around. I wouldnt expect much difference from Ten50 to have a few units available for the same. In his community of 400+ units, he said they alway make sure to have atleast 10-20 open. So if they are listing 9 and when you call, telling you 6, i would assume 3 are those "open" units for ten50.

Incorrect. Condos are very different from apartments. With apartment buildings, having a handful of units available for showings (model units) allow you to keep the rest of the units better occupied . With condos, once you sell a unit that's it, you don't own it anymore. Condo developers absolutely try to sell all of their units as quickly as possible. Ten50 is not keeping any units "open".

Resident
Dec 8, 2017, 7:44 AM
Ok. They have 9 left. Doesn't change my point that they are selling quite well. Two of the final 9 are Penthouses that might last a while.

And no, they do not hold any condo open for "models." Especially not when they are at the final numbers. Maybe when they had 150 for sale they would have 3 "Models" for showing what a furnished unit would look like.

colemonkee
Dec 8, 2017, 3:46 PM
And this is totally anecdotal, but driving by Metropolis last night on the way to meet some friends downtown, there were a lot of lights on in the first residential tower, and it looked pretty well-occupied, more so than Watermarke or Apex 1 down the street. I haven't looked up actual sales figures for Metropolis, but either Phase 1 sold out pretty well on the west and south facing sides, or they are turning the lights on to make it look more sold out (doubtful).

Steve8263
Dec 8, 2017, 7:13 PM
And this is totally anecdotal, but driving by Metropolis last night on the way to meet some friends downtown, there were a lot of lights on in the first residential tower, and it looked pretty well-occupied, more so than Watermarke or Apex 1 down the street. I haven't looked up actual sales figures for Metropolis, but either Phase 1 sold out pretty well on the west and south facing sides, or they are turning the lights on to make it look more sold out (doubtful).

Your speculation appears to be accurate-

https://www.wsj.com/articles/why-the-hottest-new-hood-is-in-the-wrong-part-of-town-1512658346

Greenland USA started construction in 2014 on Metropolis in Los Angeles’s South Park neighborhood. The first of four towers, with 308 condos, is almost 80% sold for an average of $1,100 a square foot, according to Mike Leipart, managing partner at the Agency, the real-estate brokerage handling sales.

SoCalKid
Dec 8, 2017, 10:15 PM
Your speculation appears to be accurate-

https://www.wsj.com/articles/why-the-hottest-new-hood-is-in-the-wrong-part-of-town-1512658346

Greenland USA started construction in 2014 on Metropolis in Los Angeles’s South Park neighborhood. The first of four towers, with 308 condos, is almost 80% sold for an average of $1,100 a square foot, according to Mike Leipart, managing partner at the Agency, the real-estate brokerage handling sales.

https://www.bisnow.com/los-angeles/news/multifamily/metropolis-72838

Interesting, they said they were 80% sold way back in April...

caligrad
Dec 8, 2017, 10:44 PM
Incorrect. Condos are very different from apartments. With apartment buildings, having a handful of units available for showings (model units) allow you to keep the rest of the units better occupied . With condos, once you sell a unit that's it, you don't own it anymore. Condo developers absolutely try to sell all of their units as quickly as possible. Ten50 is not keeping any units "open".

OH I thought Ten50 was Leasing. Even better. When you call they make it sound like a leasing office haha.

Seeing how its nearly completely sold out and sold out quickly, you would assume that developers would take notice of these projects and finally see that LA, Downtown specifically, is a viable area to build condo towers and that they would be sold rather quickly, minus any economic setback.

Ok. They have 9 left. Doesn't change my point that they are selling quite well.

I wasn't going against you LOL I was just updating that it is doing very well. And just saying the "final 15" has been on their website for a while now.

SoCalKid
Dec 8, 2017, 11:16 PM
OH I thought Ten50 was Leasing. Even better. When you call they make it sound like a leasing office haha.

Seeing how its nearly completely sold out and sold out quickly, you would assume that developers would take notice of these projects and finally see that LA, Downtown specifically, is a viable area to build condo towers and that they would be sold rather quickly, minus any economic setback.


:cheers:

I think the problem is that there are so many condos coming online in the next year or two that people are hesitant to develop any more (Downtown that is). Metropolis still has another ~1,200 in it's last two buildings, Oceanwide is another 500, and then there's 200 more in 1133 Hope Street. Ten50 sold well, but it was only ~150 units; the market will have absorb more than 12 Ten50s worth of condos in the next few years just to get through what's already under construction. Crazy that all of those units are within a couple blocks of each other also.