Downtown Los Angeles hasn't seen this much construction since the 1920s
http://www.latimes.com/business/la-fi-d ... story.html
On the corner of Wilshire Boulevard and Figueroa Street in downtown Los Angeles, workers are putting the finishing touches on the Wilshire Grand, the West Coast’s tallest building. Owned by Korean Air, it rises 1,100 feet and will have a hotel, offices and observation deck when finished.
Two blocks away, China’s Greenland Group is busy erecting the four-tower Metropolis community, a $1-billion development with 350 hotel rooms and more than 1,500 condos....
The amount of building is staggering, and unlike the two-decade expansion seen in the 1970s and 1980s — which largely consisted of corporate office towers on Bunker Hill — the current construction is varied and more widespread....
But as mentioned in some other threads about hot cities, with the huge amount of product coming online things may begin to taper off in LA...
As a result, lenders and investors are growing more cautious on projects they will fund — a pullback underway in other marquee markets across the nation, including New York City and San Francisco.
http://www.latimes.com/business/la-fi-d ... story.html
On the corner of Wilshire Boulevard and Figueroa Street in downtown Los Angeles, workers are putting the finishing touches on the Wilshire Grand, the West Coast’s tallest building. Owned by Korean Air, it rises 1,100 feet and will have a hotel, offices and observation deck when finished.
Two blocks away, China’s Greenland Group is busy erecting the four-tower Metropolis community, a $1-billion development with 350 hotel rooms and more than 1,500 condos....
The amount of building is staggering, and unlike the two-decade expansion seen in the 1970s and 1980s — which largely consisted of corporate office towers on Bunker Hill — the current construction is varied and more widespread....
But as mentioned in some other threads about hot cities, with the huge amount of product coming online things may begin to taper off in LA...
As a result, lenders and investors are growing more cautious on projects they will fund — a pullback underway in other marquee markets across the nation, including New York City and San Francisco.
