Quote:
Originally Posted by CaliNative
The only way LA will get more 70 or 80 story towers on compact parcels is probably through some form of height transfers.
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actually, the scale of future projs will depend far more on things like this occurring over & over again....
Quote:
Preferred Bank has expanded its headquarters at 601 S. Figueroa St. in downtown Los Angeles to 37,000 square feet, landlord Brookfield Properties announced.
The bank previously leased around 22,000 square feet at the Figueroa at Wilshire building, sources said. The building’s other tenants include law firms Seyfarth Shaw and Dentons, Brookfield said in a statement.
“Downtown Los Angeles has been our home for many years and our company growth mirrors the great success of this thriving business district,” said Li Yu, Preferred Bank’s chairman and CEO.
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But that obviously would have to be occurring over & over again, so much so that 37,000 would be more like 37,000,000. If demand for space in dt were very high, the wilshire grand proj likely would have been taller.
Devlprs of other new projs in the hood would have raised the scale of their bldgs....both vertically & horizontally...& even felt pressured to do so by the economics...if a lot of businesses were pouring into dtla instead of sticking with silicon bch, culver city, century city, glendale, the OC, dallas, houston, atlanta, SF, NYC.
I was hoping that trend would have changed well before today, but it still hasn't....or not enough. So far, it's mainly ppl needing space for apts & condos in dtla who are creating demand for new bldgs.