July 4, 2013 |
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 .
CALIFORNIA | LOCAL
May 25, 1989 |
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.
May 18, 2003 |
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.
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.
May 21, 1989 |
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."