Because it is not scheduled to begin construction until 1994, the 55-story RCI Tower has attracted the least amount of attention of the four projects. But Thomas A. Meeker, executive vice president of RCI Development Inc., said he's nevertheless concerned about possible opposition.
"For the most part these lawsuits are little more than a delaying tactic to promote . . . objectives not shared by most civic leaders and the general population," Meeker said. "People know you can't stop growth entirely." Office glut or not, he added, "downtown is going to grow."
More Office Space for Los Angeles An estimated 16 real estate construction projects, totaling more than 20 million square feet of office space, are planned for downtown Los Angeles over the next decade. Listed below are four of the largest developments.
1 Metropolis ESTIMATED COST: $750 million
DEVELOPER: City Center Development
APPROXIMATE LOCATION: 818 West 7th Street
TOTAL OFFICE SPACE: 1.7 million square feet.
2 Los Angeles Center ESTIMATED COST: $1 billion
DEVELOPER: Hillman Properties and Smith & Hricik Urban Development Inc.
APPROXIMATE LOCATION: 6th and Boylston Streets
TOTAL OFFICE SPACE: 4.3 million square feet.
3 Grand Avenue Plaza ESTIMATED COST: $500 million
DEVELOPER: Pacific Atlas Development Corp.
LOCATION: 7th Street and Grand Avenue
TOTAL OFFICE SPACE: 1.8 million square feet
4 RCI Tower ESTIMATED COST: $300 million
DEVELOPER: RCI Development Inc.
LOCATION: 9th and Figueroa
TOTAL OFFICE SPACE: 1 million square feet.
SOURCE: From developers and the Building Owners and Managers Assn.