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CALIFORNIA | LOCAL
April 19, 1989
A proposal to build a $1-billion mini-city at the site of the old Pike Amusement Park won the enthusiastic backing Tuesday of the Long Beach City Council, which voted to amend the local coastal plan to clear the way for the project. The plans to construct an 11-building, mixed-use project that would eventually employ 8,000 people must still go before the state Coastal Commission and be reviewed in detail by Long Beach. The project, a venture of the Ratkovich Co. and Enterprise Development West, would be built over a 13-year period, with ground-breaking scheduled for 1990.
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BUSINESS
January 30, 2014 | By Roger Vincent
With plans for a motion picture museum relocated to Wilshire Boulevard, another vast complex of apartments, offices and stores may be coming to the heart of Hollywood in the block just south of the ArcLight Cinema complex. The Academy of Motion Pictures Arts and Sciences, the group that puts on the Oscars, scrapped plans for a museum there and sold the full city block near Sunset Boulevard and Vine Street to Los Angeles developer Kilroy Realty Corp. for $46 million. The proposed project, valued at as much as $285 million, underscores the ascendancy of the Vine Street neighborhood around Hollywood and Sunset boulevards, where billions of dollars' worth of development has been completed or planned in recent years.
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CALIFORNIA | LOCAL
August 19, 2008 | Paloma Esquivel, Times Staff Writer
On the worst days, Keith Kang's commute from his home in Corona to his graphic design business in Fullerton could almost equal a quarter of the workday. So when he learned about SoCo Walk, a mixed-use project in downtown Fullerton that opened in late 2006, he thought he had found a perfect solution. Kang and his wife grabbed one of the town homes and now run their business on the first floor. But the experiment in urban living isn't working out the way Kang had imagined. Business is suffering because the project wasn't well planned, he said.
CALIFORNIA | LOCAL
January 1, 2014 | By Tim Traeger
A mixed-use project featuring a five-screen Laemmle theater in Glendale appears to be moving forward with the City Council's recent approval of a development agreement. The four-story project will include 42 apartments above 6,000 square feet of commercial space on the ground level. In a 4-1 vote in December, the City Council approved a multi-agency agreement between the city, L.A. County and the Glendale Community College District to move the Laemmle Lofts project closer to approval.
BUSINESS
July 4, 2013 | By Cale Ottens
A sprawling parking lot across the street from Staples Center and L.A. Live is up for sale and drawing bidders eager for a prime piece of downtown Los Angeles real estate. The 4.6-acre site at the southeast corner of 11th and Figueroa streets has been approved for a high-end mixed-use complex called Fig Central. Moinian Group bought the property from Staples owner Anschutz Entertainment Group about seven years ago when L.A. Live was under construction. At the time, New York-based Moinian, one of the country's largest privately held real estate firms, paid $80 million for the lot. "We have a broad range of interest in the property, including Asian, Middle Eastern and U.S.-based developers of major infill mixed-use developments," said broker David Hasbrouck of Cushman & Wakefield, who is representing Moinian in the sale.
CALIFORNIA | LOCAL
June 22, 1991
Your article, "Senior Citizen Housing, Stores Proposed on Site" in Sherman Oaks disregarded the architects responsible for the design concept. GMP Architects originated the idea of mixed-use for this site. MONIKA MOSES Los Angeles Moses wrote as a principal of GMP Architects .
REAL ESTATE
May 18, 2003 | Morris Newman, Special to The Times
A busy day for George Shohet involves work, exercise, nightlife, a meal out and errands -- all accomplished without getting into a car. The 43-year-old lawyer and film producer works at home in his condominium at Venice Renaissance, a white building near the beach that is filled with stores and restaurants at street level and housing above. After the slender 6-footer finishes a jog on the beach, his housekeeper arrives at 9 a.m.
CALIFORNIA | LOCAL
May 25, 1989 | FREDERICK M. MUIR, Times Staff Writer
Mayor Tom Bradley on Wednesday borrowed an idea from an earlier era when city dwellers walked downstairs to the grocery store in their apartment building. Espousing a concept finding increasing favor with urban planners, the mayor proposed changing city law to allow development of so-called "mixed-use" projects to provide housing, commercial and parking facilities under one roof. Rather than having to drive several miles to the store, residents could walk to shopping or work in neighborhoods where apartments and shops are side by side or in the same building.
OPINION
December 3, 1995
The brouhaha over the 81st and Vermont Avenue mixed-use project is fueled more by rhetoric than reality. Talk of empowerment, economic development and high government subsidies by the opposition are powerful buzzwords. These interests often conflict and are hard to reconcile. Yet, they have been effectively balanced in the First Interstate project. Private sector financing--equity and debt--for commercial development is virtually nonexistent for inner-city retail projects. A stand-alone commercial development, therefore, requires public financing greater than the proposed project and beyond what is currently feasible to get. This mixed-use development offers a financially sound alternative, and serves as a prototype for balancing the housing and retail needs of the inner city.
REAL ESTATE
May 21, 1989 | RUTH RYON, Times Staff Writer
CHAD EVERETT and his wife, Shelby Grant Everett, have put the Spanish-style, Chatsworth home they built in 1971 on the market for $2.85 million and are building a new residence for themselves in Chandler, Ariz. "I have a picture ('Heroes Stand Alone') coming out in June and (a pilot for) a series on ABC, so I'm not getting out of the business," the actor quickly noted about his move to Arizona. "Assuming the series goes, we'll be in Florida half the year, so it isn't necessary to live here."
CALIFORNIA | LOCAL
August 14, 2013 | By Jessica Garrison
The Los Angeles City Council voted Wednesday to create an "urban village" of shops, town homes and a park and gardens to replace Jordan Downs, the notorious Watts housing project. The unanimous vote gave final approval to a series of land use and planning laws years in the making. The move clears the way for an up to $1-billion transformation of one of the city's most poverty-stricken and violent areas. The idea is to turn the often-dangerous housing development of 700 derelict units into a mixed-income community of up to 1,800 stylish new apartments, along with chain stores and new streetscapes - all designed to attract higher-income people to move into the area and live alongside some of the city's poorest.
BUSINESS
July 4, 2013 | By Cale Ottens
A sprawling parking lot across the street from Staples Center and L.A. Live is up for sale and drawing bidders eager for a prime piece of downtown Los Angeles real estate. The 4.6-acre site at the southeast corner of 11th and Figueroa streets has been approved for a high-end mixed-use complex called Fig Central. Moinian Group bought the property from Staples owner Anschutz Entertainment Group about seven years ago when L.A. Live was under construction. At the time, New York-based Moinian, one of the country's largest privately held real estate firms, paid $80 million for the lot. "We have a broad range of interest in the property, including Asian, Middle Eastern and U.S.-based developers of major infill mixed-use developments," said broker David Hasbrouck of Cushman & Wakefield, who is representing Moinian in the sale.
CALIFORNIA | LOCAL
February 19, 2013 | By Laura J. Nelson, Los Angeles Times
A proposal for two skyscrapers that would flank the Capitol Records tower in Hollywood gained the approval of the city's planning department Tuesday despite push-back from dozens of disgruntled residents. The Millennium Hollywood plans are the most ambitious in a string of revitalization projects in the area, including the W Hotel and the Hollywood & Highland Center. The $664-million mixed-use development could include more than 1 million square feet of apartment, office and retail space.
BUSINESS
February 3, 2013 | By Roger Vincent
A big empty lot north of Los Angeles International Airport in Westchester is getting an upgrade: $105 million worth of apartments and shops. Work has begun on a 260-unit complex near the southwest corner of Manchester Avenue and Rayford Drive called Playa Del Oro West, developer Decron Properties Corp. said. The development is the second phase of a project Decron began in 2002 with the purchase of 13 acres at Manchester and Lincoln Boulevard that included a 12-story hotel previously known as the Furama and before that as the Airport Marina Hotel.
BUSINESS
January 27, 2013 | By Roger Vincent
Ambitious plans have been unveiled for a 3.3-million-square-foot development that would bring a college, hotel, offices and apartments to the fashion district of downtown Los Angeles. The owners of about three blocks' worth of faded commercial properties hope to build a project valued between $500 million and $1 billion called the City Market of Los Angeles. It would rise in an area that once housed wholesale produce businesses and is now home mostly to garment industry shops and warehouses.
BUSINESS
January 20, 2013 | By Roger Vincent
One of L.A.'s most active apartment developers has purchased the site of the Wertz Brothers Antique Mart in Santa Monica as dramatic changes are planned for properties near a future stop on the light rail Expo Line. Wertz Realty Investments sold the antique store building and parking lot at 1613 Lincoln Blvd. to Century West Partners for more than $11 million, public documents indicate. Century West plans to incorporate the site into its proposed Lincoln Boulevard Collection, which is to be comprised of four apartment buildings on Lincoln Boulevard with a combined total of 421 units.
CALIFORNIA | LOCAL
November 28, 2001
Having studied Jane Jacobs in college and graduate school, I was thrilled to see her ideas get attention in "In New Urban Villages, City Living Becomes Trendy" (Nov. 19). Every vibrant urban community that I can think of has the mixed-use elements discussed in Jacobs' "The Death and Life of Great American Cities" in 1961. It is a great misfortune that it has taken 40 years for Jacobs' theories to take root in Southern California. Had this been otherwise, we likely would not have the many bland suburban communities and the traffic congestion that plague Southern California today.
CALIFORNIA | LOCAL
July 24, 1988
I was quoted in The Times ("County's Deal for Airport Neighbors" on Saturday, July 16) as saying, "Anybody's got to be skeptical about politicians." This is hardly an earth-shattering observation and is one that could probably be elicited from 99% of the electorate at any point in time. More to the point is the question of just what the politicians are up to with the present solution to the Orange County airport problem. This involves throwing $350 million into new terminal facilities (same old overcrowded runways)
BUSINESS
January 13, 2013 | By Roger Vincent
Work has begun on a $30-million apartment and retail complex in Palms near a planned station for the Expo Line, which will connect downtown Los Angeles with Santa Monica. Frost/Chaddock Developers of Los Angeles is building the five-story complex at 3425 Motor Ave., about a quarter of a mile from a light rail station at Motor and National Boulevard that is scheduled to open in 2016. The 115-unit project is to house studio and one-bedroom apartments intended to appeal to young professionals.
BUSINESS
October 14, 2012 | By Roger Vincent
Civic leaders gathered last week to commemorate the beginning of construction on BLVD 6200, a long-anticipated $500-million apartment and retail complex in Hollywood. Work is underway at 6201 Hollywood Blvd. on former parking lots next to the Pantages Theater, where more than 500 apartments are being built in four buildings. The complex will have 74,000 square feet of retail space for shops and restaurants, and underground parking for 1,300 cars. BLVD 6200, which was planned in the mid-2000s, is being developed by DLJ Real Estate Capital Partners and Clarett West Development.
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