Angels Landing (Credit: Handel Architects) In 2017, the team behind the Angel’s Landing megaproject said the Downtown twin-tower development would have one of the tallest skyscrapers west of the Mississippi River. Well, plans have changed. The $1.2 billion mixed-use project remains 1.26 million square feet, but the tallest of the two towers has been significantly […]
Tribune Company’s 30-story DTLA tower will rise in 2022
Tribune Media Company’s high-rise is scheduled to open in 2025 (Credit: Gensler) Construction on Tribune Media Company’s 30-story mixed-use tower in Downtown Los Angeles is scheduled to begin in 2022, after the Regional Connector station is completed below it. The proposed high-rise would include 107 condominiums, 534,000 square feet of office space and ground-floor retail […]
Oceanwide Plaza megaproject now facing $100M in liens
Oceanwide Holdings CEO Thomas Feng and Oceanwide Plaza Oceanwide Plaza is sinking deeper in debt. The megaproject in Downtown Los Angeles and its developer, Oceanwide Holdings, have been hit with new claims from contractors for unpaid work, bringing the total amount owed to $98.6 million. That’s almost twice as much as was owed last month. […]
Conversion of crumbling DTLA office building into new park delayed as costs soar
First and Broadway Park, or FAB Park (Credit: Studio-MLA) The multimillion-dollar major conversion of a state office building in downtown Los Angeles into a modern green park space has been put delayed. A new report to the Board of Recreation and Parks Commissioners reveals the cost of First and Broadway Park in Dow has surpassed […]
Developers decry city decision to prohibit seizing homeless’ possessions along Skid Row
A tent on Skid Row The Los Angeles City Council agreed to settle a three-year-old lawsuit, effectively surrendering the city’s ability to seize without notice the possessions of people living on the streets. Property owners and developer say the decision will discourage real estate development in Downtown L.A.’s Skid Row and will present health and […]
New kid on The Bloc: Carr co-working opens 1st LA outpost
Carr Workplaces downtown Los Angeles renderings (Credit: Carr Workplaces) Add another co-working space to Downtown Los Angeles’ growing stock. Carr Workplaces has inked a lease for its first L.A. location, a 24,000-square-foot space at the massive mixed-use property, The Bloc, according to the Los Angeles Business Journal. The Washington, D.C.-based company will open the location […]