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Friday, February 14, 2014

The New LA Skyline

by Calculated Risk on 2/14/2014 06:14:00 PM

A couple of articles ...

From Thomas Curwen at the LA Times: They'll be pouring it on at New Wilshire Grand site

The latest addition to the Los Angeles skyline — the New Wilshire Grand, the tallest structure to be built west of the Mississippi — takes a major step forward Saturday when more than 2,000 truckloads of concrete are driven through downtown for what is being billed as the world's largest continuous concrete pour.
The New Wilshire Grand will feature five levels of subterranean parking, convention space, office suites and a 900-room hotel in the signature tower, which will rise 1,100 feet from the street to the top of its architectural spire.
And from Roger Vincent at the LA Times: Chinese developer unveils plans for Metropolis project in L.A.
Chinese real estate developer Greenland Group revealed plans Friday for a quick start on the first phase of its $1-billion Metropolis Los Angeles project that is expected to redefine the downtown skyline.

Work is set to begin shortly on a high-rise hotel and a residential skyscraper on what is now a vast parking lot along the 110 Freeway north of Staples Center and LA Live. The buildings should be open by 2016.
One of the reasons I think economic growth will increase in 2014 is that there should be a pickup in Commercial Real Estate (CRE) development this year.