April 5, 2012 |
Playa Vista was the last major coastal community in Los Angeles to be built, but a crucial retail development to give it its own downtown was stalled by legal challenges. That's about to change. With court victories in hand, developers have unveiled the design of a long-anticipated shopping and apartment complex they will begin building in June as the key element of the second and final phase of Playa Vista. The $260-million project, called Runway at Playa Vista, is intended to be the commercial and social heart of the planned community that has been under construction for more than a decade on land once controlled by aviation mogul Howard Hughes south of Marina del Rey. Playa Vista already has more than 3,200 residences and 2 million square feet of offices but lacks a commercial and social town center, said Patti Sinclair, co-president of Playa Capital, the master developer of Playa Vista.
March 8, 1987
ESCONDIDO: Durkin Development's 82-unit Stoneridge apartment complex; 18 1-bedroom, 1-bath units, all leased, and 64 2-bedroom, 2-bath units, 12 leased; 750-980 square feet; $525-$685 monthly rent; move-ins, mid-March. Open 9 a.m.-5 p.m. weekdays, 10 a.m.-4 p.m. weekends at 1641 Borden Road, reached from the westbound El Norte Parkway exit of the San Diego (5) Freeway.
May 12, 1989
Metro Pointe, a $500-million business center next to South Coast Plaza, will feature six high-rise office buildings, a hotel, restaurants and retail facilities. Nearing completion are four- and six-story office buildings and parking facilities, which make up the second phase of the 52-acre project. Planned for future phases are a 10-, 12- and twin 15-story office towers. FACTS AND FIGURES Address: 950 S. Coast Drive, Costa Mesa Developer: Arnel Development Co. Architect: A.C. Martin & Associates Primary Contractor: Arnel Development Co. Broker: Arnel Development Co. Square feet: 1.2 million in the total project; 200,000 in the second phase Use: Office, hotel, retail Cost: $500 million Scheduled completion date: NA Parking capacity: 710 for current phase Projected rental cost per square foot: 1.90-$2 for current phase Source: Arnel Development Co.
June 1, 1986
Construction has begun on the 37-unit first phase of The Summit at Carlsbad, a 248-single-family-home development by Foote Development Co., located near Interstate 5 in northern San Diego County.
April 6, 1986
Following an 11-day campout by home buyers, all 22 Phase 1-A, single-family homes of the Fieldstone Collection at Rancho San Diego were sold out, priced from $104,990 to $125,990.
June 22, 1986
The first of two buildings has been completed in the $34.5-million Phase 1 of the 20-acre Century Centre office complex in the Irvine Business Complex and, with 51% of the initial tower committed to lease, the developer plans an immediate start on the second. The center's master plan calls for the two 13-story semicircular towers of Phase 1 to be followed by three nine-story office buildings (square with one corner rounded off) as Phase 2, for a total of 930,000 square feet of office space.
July 24, 1986
The West Hollywood City Council has hired a planning firm to start on the first phase of a development program for the city's proposed Civic Center building project. Starting in August and continuing for eight months, the firm of De Bretteville and Polyzoides will work on initial plans. When the first planning phase is completed, a design competition will be held to determine the appearance of the proposed center.
January 13, 1985
Final design drawings have been approved by the Community Redevelopment Agency for the first of three phases in a $9-million, mixed-use development to be built on the northwest corner of Adams Boulevard and Hoover Street in the Adams-Normandie 4321 Redevelopment Project.
June 22, 1986
Prompted by a waiting list of more than 300 prospective buyers for the 31 single-family houses in the third phase of NorthPoint, Covington Homes/Orange County has scheduled an 8 a.m. lottery drawing Saturday. A spokeswoman for the firm said that families camped out in rainy weather for up to a week for the units in the second phase of the Placentia project. Surrounded by Alta Vista Golf Course, third-phase houses will be priced from $143,990 to $188,990.
September 8, 1985
Title to Greystone, a two-phase, 200,000-square-foot garden office building at 1800-2000 E. Flamingo Road, Las Vegas, has changed hands with its sale by owner/developers Ratkovich, Bowers, Perez Inc. to Markborough Properties Limited of Toronto. The $22-million negotiation was handled by Coldwell Banker's Los Angeles office for the seller, and by Weatherall Green & Smith Inc. of London and New York, for the buyer.