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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.


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


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