Quote:
Originally Posted by DTLA-Joe
Nothing that I have observed, still looks like a staging/work area... let's hope it does not get nixed from the project!
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Why would it be "nixed"? Is there evidence a funding problem? Would be silly not to complete a project that is 90% built. It will be done. Same with Metropolis. The economy is slowing and stocks are unsteady, but anything more than a moderate recession would surprise me. Doubt this is 2008 or 1929. Massive amounts of money laying around looking for returns and housing units are still scarce. The problem is affordability for the lower 99% (the top 1% or 0.1% can afford anything). Need some towers with more affordable micro-apartments/condos. They will fill rapidly. Need some vision from developers and lenders to build the affordable stuff. Whoever does it will make a fortune, like Henry Ford did with his affordable Model T for the masses. Affordability brings demand and profits. Why Walmart and Amazon are doing well.
The ultimate affordable units are theoretically in multistory buildings, since land costs are divided over many units. The land costs per unit go to a small amount as a building gets taller and adds units. Change the zoning laws near transit & build up. Want to see L.A. skyline look more like New York, Hong Kong or at least Toronto by the '28 Olympics, like the skyline in the movie "Her". Want to see a couple more supertalls (Angels Flight and 3rd & Fig tower at least), and many more in the 300-900 foot range, and most of all towers with affordable small units. Want to see the skyline expand not only south but north into Chinatown/Union Station area and west along the Wilshire corridor into Koreatown. Would be nice to see a few neo-deco/neo-classical/neo-gothic towers in the historic Broadway district. Don't just need boxes. I approve of the proposed "jenga" tower with the hanging infinity pools north of Pershing Square. The units will be for the rich, but that could become an iconic L.A. tower if it is built. Who says architecture must be always staid and boring? The best buildings take chances with design.
Nimbies & economic slowdown be darned. Build up baby, build up.