DOWNTOWN LOS ANGELES: News and Updates

[dragonsky]

• Video Link

Flyover Video Showcases DTLA's Alexan Tower

Developer Trammell Crow Residential (TCR) and architecture firm CallisonRTKL have released a flyover video for the Alexan, a proposed high-rise development in Downtown Los Angeles.

The mixed-use project, planned at the site of a parking lot at 9th and Hill Streets, would take the form of a 27-story featuring 305 apartments, 6,200 square feet of retail space, and amenities such as a bike kitchen, a swimming pool and a fitness center.

http://urbanize.la/post/flyover-vide...s-alexan-tower

[dragonsky]

Housing, eateries and offices are planned for $100-million L.A. Flower District project

The Southern California Flower Market, a downtown Los Angeles institution, hopes to transform its property into a mixed-use community of offices, apartments and restaurants — while still selling the roses, carnations and snapdragons it has for more than a century.

The plans, recently filed with the city, are meant to fund the redevelopment of the market’s aging home at 755 Wall St. and enable the 104-year-old business to stay in an increasingly luxurious and residential city center.

Specifically, plans call for the demolition of one building to construct a 15-story residential tower with around 320 units, 10% of them below market rate, Yamabe said.

At the base of the tower would be shops and restaurants that would spill out onto a paseo connecting to the other Flower Market building, which will be renovated. There, flowers would be sold on the ground floor, and creative offices on the second story could be leased to technology firms and others.

http://www.latimes.com/business/la-f...nap-story.html

[dragonsky]

Huge and contentious South LA project clears another city committee

Controversial plans to construct two high-rise towers, a hotel, and lots of restaurants and shops on two city blocks in South Los Angeles cleared an important hurdle Tuesday, winning unanimous support from the city’s Planning and Land Use Committee.

In endorsing the project, the committee rejected two appeals that had been filed against it over its size and lack of affordable housing. The plans now move to the City Council for final approval.

The Reef would consist of 1,444 condos and apartments, a grocery store, a gallery, a hotel with 208 rooms, outdoor plazas, and more than 67,000 square feet of shops and restaurants. The buildings would range in height from 77 to 420 feet, and they would rise from the site of a parking lot and warehouse at South Broadway and Washington Boulevard, southeast of the 110 and 10 freeway interchange, not far from Los Angeles Trade Technical College.

http://la.curbed.com/2016/11/2/13493...owers-approved

[dragonsky]

Originally Posted by VivaLaBG

An artist's rendering of the new soccer stadium that will be home to the Los Angeles Football Club.
http://www.skyscrapercity.com/showpo...&postcount=203

[dragonsky]

Proposed Cambria Hotel will be reasonably priced for Downtown LA

Plans were filed Thursday for another hotel in Downtown LA’s South Park neighborhood that, if approved by the city, would be set up in a new, 18-story building with a lobby lounge, a café, and a rooftop pool.

The 247 rooms would be reasonably priced, probably around $200/nightly, and geared towards “cost conscious business travelers and millennials,” says Sun Capital, which is financing the project.

Called The Cambria at LA Live, it would be operated by Choice Hotels International.

http://la.curbed.com/2016/11/4/13526...-hotel-details

[dragonsky]

A new video released by Greystar Real Estate Partners offers a preview of Atelier DTLA, the 33-story tower now wrapping up construction at 8th and Olive Streets.

The project, which was developed by Carmel Partners, will consist of 363 residential units seated above 10,000 square feet of ground-floor retail space and a parking garage.

Designed by Solomon Cordwell Buenz, the the 352-foot tower will include amenity decks on its podium and roof levels, as well standard accommodations such as a fitness center and a swimming pool.

http://urbanize.la/post/flyover-vide...s-atelier-dtla

[dragonsky]

First look at the tower set to rise above Second/Broadway Regional Connector station
Just across from Times Mirror Square

http://la.curbed.com/2016/11/20/1368...derings-subway

2 more pics!

[dragonsky]

Inside Circa's Twin 36-Story Towers
http://urbanize.la/post/inside-circa...6-story-towers

[dragonsky]

City Council unanimously approves controversial Reef development in South LA

With the city’s approval, physicians Avedis and Ara Tavitian will develop a parking lot and warehouse at South Broadway and Washington Boulevard with 1,444 condos and apartments, a grocery store, a gallery, a hotel with 208 rooms, outdoor plazas, and more than 67,000 square feet of shops and restaurants in buildings ranging in height from 77 to 420 feet.

http://la.curbed.com/2016/11/22/1372...nt-in-south-la

[dragonsky]

Huge Arts District development along L.A. River races for approval

Another high-design megaproject is being pitched for the Arts District, this time right alongside the Los Angeles River.

The Gallo family, longtime owner of the Rancho Cold Storage facility on Mesquit Street, has teamed with rising-star Danish architect Bjarke Ingels and real estate firm V.E. Equities to propose a sizable new development consisting of two connected buildings, 30 stories tall at their highest point.

The project, called 670 Mesquit, would hold approximately 800,000 square feet of office space, 250 rental apartments and two boutique hotels as well as shops and restaurants. Stretching north from the 7th Street Bridge almost as far as the forthcoming 6th Street Viaduct, it would replace Rancho Cold Storage’s warehouse buildings along Mesquit.

http://www.trbimg.com/img-584c6a97/t...2023/2023x1138

[dragonsky]

This 29-story tower is slated to rise in Downtown’s Financial District

The block bounded by Olive, Grand, Eighth, and Ninth in Downtown LA already has a big project underway, a nearly-30-story tower at 801 South Olive Street. Now plans are in the works for another tower in the same square.

The proposal, as laid out by developers in plans submitted to the city this week, is to put the 29-story tower on two parking lots just north of Olive Street and Ninth, at the southern edge of the Financial District, says the Downtown News.

http://la.curbed.com/2016/12/21/1404...ncial-district

[dragonsky]

Frank Gehry’s delayed Grand Avenue Project to finally get underway in 2018

The Frank Gehry-designed Grand Avenue Project, long-delayed for years, is now expected to break ground in 2018, reports the Downtown News. The Los Angeles City Council approved the project Wednesday, and developer Related Companies announced a new investor. Chinese firm CCCG Overseas Real Estate Pte. Ltd. (CORE) will infuse the project with $290 million.

The Grand Avenue Project will rise on a parking lot just east of the Walt Disney Concert Hall, bringing a four-star Equinox hotel, eateries and shops, and a tower of as many as 450 residential units, 20 percent of which will be affordable housing. The units will be a mix of “ultra luxury” condos and “five star service” apartments, according to CORE’s website.

http://la.curbed.com/2016/12/15/1396...dbreaking-2018

[dragonsky]

Towering Arts District Project Would Flank the L.A. River

Danish architect Bjarke Ingels, best known for designing New York's Two World Trade Center, will take his talents to a proposed mixed-use development flanking the Los Angeles River.

The project, known as 670 Mesquit, was revealed yesterday in an article penned by Los Angeles Times architecture critic Christopher Hawthorne. The Gallo family, a longtime Arts District property owner, has teamed with real estate firm V.E. Equities on a proposed development which would feature high-rise buildings containing up to 800,000 square feet of offices, 250 residential units, two boutique hotels and street-fronting retail and restaurant space.

http://urbanize.la/post/towering-art...flank-la-river

[dragonsky]

New Details for the Fig + Pico Convention Center Hotel Project

Lightstone Group, a New York-based real estate firm, continues to forge aheads with plans to construct a convention center hotel complex in Downtown Los Angeles.

The Fig + Pico development, which first surfaced in early 2016, would rise from an approximately 1.22-acre property along Pico Boulevard, replacing a surface parking lot and a small commercial building.

Per an initial study published by the Department of City Planning, the project would create a 42-story, 529-foot tower at the corner of Pico and Figueroa Street, featuring two hotels with a combined 820 guest rooms. Plans also call for 11,000 square feet of ground-floor retail space, rooftop pool decks, conference space, amenities and parking for up to 353 vehicles.

http://urbanize.la/post/new-details-...-hotel-project

[dragonsky]

Here’s what’s coming to the empty Chinatown Velvet Turtle site

We’re getting our first look at the new mixed-user planned for the now-vacant Velvet Turtle lot at southeast corner of Hill and Ord streets. The seven-story structure will rise to 89 feet high and hold 162 apartments, according to environmental documents for the project filed with the planning department today.

Renderings from Avant Development, which is behind the project, offer a glimpse of the approximately 5,000 square feet of commercial space slated for the ground floor of the project (apparently at the corner of Ord and Hill).

Residents and visitors to the commercial element of the mixed-user will use the project’s 2.5-level underground parking garage, which will have room for 229 cars. The project will also have 417 bike parking spaces.

http://la.curbed.com/2016/12/29/1411...et-turtle-site
http://urbanize.la/post/renderings-r...wn-development

[dragonsky]

Downtown Los Angeles hasn't seen this much construction since the 1920s

Downtown Los Angeles is undergoing its largest construction boom in modern times — an explosion juiced by foreign investment that’s adding thousands of residences, construction jobs and a multitude of shops and restaurants.

Since 2010, according to real estate data firm CoStar, 42 developments of at least 50,000 square feet have been built — a figure that includes large adaptive reuse projects such as converting an aging warehouse into new offices. An additional 37 large projects are under construction.

The rapid pace means that by decade’s end, today’s boom should easily surpass the 1980s — a time when developers built office skyscrapers on Bunker Hill as part of an urban renewal effort that flattened the neighborhood’s Victorian mansions in the decades prior.

http://www.latimes.com/business/la-f...130-story.html

[dragonsky]

Frank Gehry's $1-billion downtown project could finally be a go after a Chinese builder's $290-million investment

The Grand Avenue complex of condominiums, apartments, shops, restaurants and a hotel has been delayed several times since 2004. That’s when Related was selected by city and county officials to transform land left mostly vacant since the former residential neighborhood was razed about 50 years ago in an urban renewal program.

But this time, with CORE’s help, Related will finally be able to proceed, President Ken Himmel said.

“This is a milestone unlike any other in the history of this project,” he said. “It’s a total game changer.”

The $290-million cash injection means Related and CORE have now raised more than $400 million for the project, Himmel said. Typically, real estate developers borrow 70% or more of the funds they need to start building.

“This should say to everyone that this project is not over-leveraged,” Himmel said. “It’s a tremendous vote of confidence to see that amount of equity go into the project.”

http://www.latimes.com/business/la-f...103-story.html
http://urbanize.la/post/chinese-inve...avenue-project

[dragonsky]

More Rendering for the Arts District's 2110 Bay Development

At this month's meeting of the Downtown Los Angeles Neighborhood Council's Planning and Land Use Committee, architecture firm Studio One Eleven will reveal additional details about the 2110 Bay development, a campus-style development planned in the Arts District.

The proposed mixed-use complex, named for its address at 2110 Bay Street, would rise from a 1.8-acre site next-door to the upcoming Soho Warehouse. A project description describes it as three-building development featuring 110 live/work units - including 11 restricted affordable units - as well as 113,000 square feet of creative offices and nearly 51,000 square feet of ground-floor shops and restaurants.

Renderings depict a series of contemporary industrial-themed buildings, spaced around landscaped paseos and a central courtyard.

http://urbanize.la/post/more-renderi...ay-development

[dragonsky]

New Main Street apartment building would have cool, peek-through element

An upcoming presentation to the Downtown Los Angeles Neighborhood Council's Planning and Land Use Committee has unveiled renderings for a proposed mid-rise development in the Historic Core.

The mixed-use complex, which was filed with the city last October, is slated for a current parking lot at 433 S. Main Street. According to the presentation, the project - known as Main Tower - would consist of a 12-story building featuring 196 studio, one- and two-bedroom dwellings, approximately 6,300 square feet of ground-floor commercial space and underground parking for 167 vehicles and 334 bicycles.

http://la.curbed.com/2017/1/17/14297...s-peek-through
http://urbanize.la/post/first-look-h...res-main-tower