There’s more value to building hotels than just boosting tourism at the downtown convention center: The city is spending $39.2 million in foregone tax revenue to encourage Metropolis to build a hotel, but that hotel will generate $110 million more in city revenues than a similar residential tower built at the same location. Over the past […]
Everyone knows that the Arts District in Downtown Los Angeles is absolutely blowing up right now. It’s one of the trendiest neighborhoods, if not the trendiest neighborhood in Los Angeles, filled with the best bars, restaurants, coffee shops and edgy retailers. Developers are flocking to the much sought after area, buying up properties and announcing […]
Recently Walk Score released their 2014 City and Neighborhood Report. The report ranks cities and their neighborhoods by their walk score, transit score, and bike score. Accordingly, Downtown LA was ranked the most walkable and transit accessible neighborhood in Los Angeles. One might ask, if Downtown is so walkable and transit accessible, why do we […]
In the past 12 months, a new wave of real estate development has hit Downtown Los Angeles. Property is trading, projects are being planned, and shovels are in the ground. For those who are not aware, most of Downtown is zoned for high-rise, high-density use, which the core of any major city should be. Although, […]
For those who do not read the popular real estate blog, Curbed LA, you should. For those of us in the industry, and even those who are just interested, it is the go-to blog for the latest real estate information and gossip. For several years now, Curbed LA has been holding an annual competition called the […]
After a court decision earlier this year that brought redevelopment in California to an end, many projects around the state and in the City of Los Angeles came to a halt, their fates uncertain with questions of what would happen to money that had been committed by the CRA/LA. But thanks to a decision by […]
If you had the opportunity to read one of our previous posts on the The Kor Group‘s redevelopment of the Eastern Columbia Building being one of the trailblazers of the Adaptive Reuse Ordinance in Downtown Los Angeles, then you will enjoy a recent article published on The Architects Newspaper blog. We all saw are surge […]
So, for those who don’t know, Metro purchased Los Angeles Union Station and 40+ acres surrounding the building last year. They received qualifications from many world-renown architecture & planning firms. They shortlisted six teams (EE&K, Gruen Associates/Grimshaw Architects, IBI Group/Foster + Partners, Moore Ruble Yudell and TEN Arquitectors, NBBJ/Ingenhoven Architects, and Renzo Piano Building Workshop/Parsons Transportation Group) to take part in […]
Here is a great post on Curbed LA about the renovation of the Eastern Columbia Building in Downtown Los Angeles. Urban One’s partners had a hand in this when they worked at The Kor Group, and this was one of Dennis Allen’s biggest accomplishments during his tenure at the firm. Originally built as a department […]