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31-story condominium complex proposed for downtown

The downtown residential market has been hit hard by the economic downturn. But that hasn't stopped one developer from pushing ahead on a 31-story complex in the jewelry district. Details from Downtown News:

The mixed-use project from Laeroc 2002 Coast Parking, LLC would rise on two adjacent surface parking lots between Hill and Olive streets at 9th Street. The project had a hearing before city planning officials on May 20, and is expected to be fully entitled within two weeks, said land use consultant Greg Jackson of Rosenheim & Associates. The project would stand a block west of the Kor Group’s Eastern Columbia Building at 849 S. Broadway. It would house 283 condominiums and 11,180 square feet of ground-floor retail space.

 
Comments () | Archives (5)

283 condos = 283+ toilets and showers. The city has mandated a 15% reduction in water consumption. No new building of residential properties while LA is in a water shortage. This will only add to our problem.

I'll buy one, I can walk to the Lakers game!

Just require all new developments, in the city, to contribute money in a fund that pays for some desalinization plants.

WONDERING WHAT THE INTELLECTUAL LEVEL IS OF LATIMES READERS.

Great. Exactly what Downtown needs – a ton of more vacant over-priced condominiums with ridiculous HOA fees


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L.A. Now is the Los Angeles Times’ breaking news section for Southern California. It is produced by more than 80 reporters and editors in The Times’ Metro section, reporting from the paper’s downtown Los Angeles headquarters as well as bureaus in Costa Mesa, Long Beach, San Diego, San Francisco, Sacramento, Riverside, Ventura and West Los Angeles.
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