we're at a point in time when unless a proj is fully vetted, funded and approved....& construction crews & equipment have actually arrived on a proj's site....it feels like an exercise in futility to guess what exactly a new devlpt's design, height & general dimensions will be.
This doesn't even taken into consideration the slowdown that will be forced upon builders by the recently approved ballot initiative and the one that's coming up early next yr, certainly if it regrettably passes.
I also am less impatient about changes taking place to areas like the LA Times bldg. That isn't a huge gap the way other sections of dt are.....particularly 4th & broadway or 4th & Hill st. But if the owner of that property or any other one is able to break ground sooner rather than later, more power to them.
The speed in which recently completed apt or condo projs are filling up, & the speed in which new housing projs completed in the next 6 to 12 months will fill up, will be a major determinant in whether the current cycle can be described as over or not.
before & after....
welikela.com
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