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Originally Posted by colemonkee
Do we know how buildings like Wren and the Holland Partners project on Main Street are doing in terms of leasing absorption? Not quite at that one year mark, but curious as to how those are doing.
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I don't know about those bldgs, but the new apt bldg....named stoa....across the street from where you used to live....& which is next to st vibiana's....has filled up rather well. Over 10 blocks to the south, the first phase of the two new apt bldgs on broadway, owned by the devlpr who gets lots of grief for his fake tuscan taste, has filled up fairly well too.
The da vinci proj next to the interchange of the 110 & 101....where ppl have joked that cars going by on the fwy are so close, the bldg might just as well be a drive by window at mcDonalds...filled up better than I thought it would.
Traffic on those fwys surrounding dtla is worse today than ever before. How ppl can put up with that daily bumper to bumper is beyond me. Not sure why it's so bad when another part of the hood.....businesses & their use of office space....hasn't been booming for over 20 yrs.
One big reason there aren't more new tall bldgs in dt can be traced to what this agent says about supply & demand....
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Housing has to make up for all the slack from a lack of enough need for office space.