DOCSLIB.ORG

Los Angeles | Mid-Wilshire

Total Page：16

File Type：pdf, Size：1020Kb

Download full-text PDF Read full-text
Los Angeles | Mid-Wilshire OFFERING MEMORANDUM UNITS: 7 744 SOUTH RIDGELEY DRIVE YEAR BUILT: 1937 LOS ANGELES, CA 90036 a Berkshire Hathaway and Jefferies Financial Group company | 1 Virtual Tour: https://vimeo.com/453480802/d4c405cd7f INVESTMENT ADVISORS Brent Sprenkle Senior Managing Director 310.621.8221 [email protected] PROPERTY HIGHLIGHTS CA BRE License #01290116 1 Gorgeous French Normandie Architecture 2 All Units Recently Remodeled to High End Specs 3 Prime Miracle Mile Location-95 Walk Score 4 Great Unit Mix of One- and Two-Bedrooms SOUTH BAY OFFICE 2321 Rosecrans Avenue Suite #3235 El Segundo, CA 90245 TABLE OF CONTENTS THE PROPERTY ..............................................4 FINANCIAL ANALYSIS ................................ 12 MARKET POSITIONING ............................. 16 ECONOMIC AND DEMOGRAPHIC OVERVIEW .................................................. 28 DEMOGRAPHICS ........................................ 46 MULTIFAMILY REPORT ............................. 58 THE PROPERTY PROPERTY DESCRIPTION 744 S. Ridgeley Avenue is a gorgeous French Normandie apartment building originally constructed in 1937 and extensively renovated in 2018. All units were completely remodeled in this classic Pre-WW11 construction apartment building that contains a unit mix of two large one-bedrooms with one-bathroom and five large two-bedrooms with two-bathrooms. There is open parking in the rear of the property and there is a laundry room on-site, however, all units have laundry. The property is steps from Wilshire Boulevard and boast a Walk Score of 94 which is considered a Walker’s Paradise. The majority of the electrical and plumbing have been replaced or upgraded. All units boast the following features: ■ Hardwood and Luxury Vinyl Tile Flooring PROPERTY SUMMARY ■ Recessed Lighting ■ Central Heat and Air ■ Wi-Fi Internet ■ Mirrored Closets in Most Units Units 7 ■ Craftsman Interior Doors ■ Craftsmen-Style Cabinets and Vanities Year Built 1937 ■ Quartz Countertops ■ Stainless-Steel Appliances Parcel Number(s) 5089-005-010 ■ Dishwashers ■ High-End Kitchen Cabinetry Average SF 867± ■ Upgraded Fixtures ■ Multi-Paned Windows Site Acreage .20± In addition, there is a possibility to add an additional unit through California’s ADU program. This unit could potentially be constructed in the parking area. The Property | 5 LOCATION DESCRIPTION Los Angeles’ Miracle Mile neighborhood was named after the community’s swift, car-driven rise to prominence in the 1920s. The neighborhood now boasts a concentration of cultural institutions known as Museum Row, home to The Los Angeles County Museum of Art (LACMA), The Petersen Automotive Museum, Craft and Folk Art Museum, George C. Page Museum and the La Brea Tar Pits and Museum among others. Serving as the anchor of Museum Row, The Los Angeles County Museum of Art (LACMA) is the largest art museum in the western United States. LACMA consists of over 140,000 objects that highlight 6,000 years of artistic history from across the world. Attracting more than 1.5 million visitors each year, the museum collects work of art that extent both history and geography, reflecting Los Angeles’ diverse culture and population. The museum is currently undergoing a $750 million expansion project that will add 300,000 square feet of space and is expected to be completed in December 2020. The neighborhood’s central location provides an easy commute to numerous important business / employment nodes in metro Los Angeles, including Downtown, Century City and Hollywood. Miracle Mile is also within a reasonable distance to the tech-heavy “Silicon Beach” areas of Santa Monica, Venice Beach and Playa Vista, as well as entertainment-industry hubs in Burbank and Culver City. A Metro Purple Line subway extension, currently under construction, will fully connect the neighborhood to the city’s expanding transit network and give residents further transportation options. The Purple Line extension is scheduled to open in three phases: from Koreatown through the Miracle Mile by 2023; to Beverly Hills and Century City by 2025; and to Westwood and West Los Angeles by 2026, about two years before the city hosts the 2028 Summer Olympics. The nine-mile subway extension is expected to generate 78,000 new daily trips across the system and will run beneath Wilshire Boulevard, which has one of the highest concentrations of jobs and housing in Southern California. 6 | The Property LOCATION DESCRIPTION NEIGHBORHOOD SHOPPING DEMAND DRIVER LOS ANGELES, CA FROM THE FROM THE 1.3mi PROPERTY 2.4mi PROPERTY 744 SOUTH RIDGELEY DRIVE NEIGHBORHOOD QUICK FACTS SF SHOPPING JOBS 600k DESTINATION 14.1k SUPPORTED TOTAL HOSPITAL 40 STORES 886 BEDS 455.6k Nordstrom | Nike | GAP | Apple | Pacific Theatres Cedars Sinai Medical Center Population (Within Three Miles) NEIGHBORHOOD CONVENIENCES DEMAND DRIVER 69% FROM THE . mi PROPERTY Renter Occupied Housing Units 33 (Within Three Miles) JOBS 5.0k SUPPORTED $ SF 1.1m 800k FACILITY Median Housing Unit Value Within a one-mile radius of the property Paramount Pictures Studios (Within Three Miles) $ 64.9k PRIMARY EDUCATION DEMAND DRIVER Median Household Income STUDENTS FROM THE (Within Three Miles) 673.8k SERVED 4.3mi PROPERTY SCHOOLS JOBS * AND CENTERS SUPPORTED 19.8% 1.4k 1.6k JOBS SF City Unemployment Rate 66.5k SUPPORTED 115k FACILITY (*Preliminary for June 2020) Wilshire Crest ES | John Burroughs MS | Fairfax HS Technicolor The Property | 7 LOCATION MAP 8 | The Property LOCATION MAP The Property | 9 BOUNDARY AERIAL 10 | The Property The Property | 11 FINANCIAL ANALYSIS UNIT MIX & RENT SCHEDULE 740 S Ridgeley Drive Estimated Current Current Projected Projected Unit # Unit Description Unit SF Rate Rent Per SF Market Rate Rent Per SF 744 Two Bedroom, Two Bath 798 $3,150.00 $3.95 $3,750.00 $4.70 746 1/2 Two Bedroom, Two Bath 940 $3,724.00 $3.96 $3,750.00 $3.99 748 One Bedroom, One Bath 730 $2,615.00 $3.58 $2,995.00 $4.10 748 1/4 One Bedroom, One Bath 500 $2,125.00 $4.25 $2,995.00 $5.99 744 1/2 Two Bedroom, Two Bath 1,010 $3,426.00 $3.39 $3,750.00 $3.71 746 Two Bedroom, Two Bath 1,004 $3,390.00 $3.38 $3,750.00 $3.74 748 1/2 Two Bedroom, Two Bath 1,088 $3,296.00 $3.03 $3,750.00 $3.45 Estimated Current Rent Range Projected Number Percentage Unit Description SF Rate Per SF Market Rate of Units of Total Totals: One Bedroom, One Bath 1,230.00 $4,740.00 $3.58 - $4.25 $5,990.00 2 28.57% Two Bedroom, Two Bath 4,840.00 $16,986.00 $3.03 - $3.96 $18,750.00 5 71.43% 6,070 $21,726.00 $24,740.00 7 Estimated Current Current Projected Projected % Estimated Rental Unit Description SF Rate Rent Per SF Market Rate Rent Per SF Upside Range Averages: One Bedroom, One Bath 615.00 $2,370.00 $3.85 $2,995.00 $4.87 26.37% $2,125 - $2,615 Two Bedroom, Two Bath 968.00 $3,397.20 $3.51 $3,750.00 $3.87 10.39% $3,150 - $3,724 IMPORTANT INFORMATION & DISCLAIMER: The information contained herein is assumed to be correct and market-supported. Output produced from this model should not be considered an appraisal. Projections are forecasts and are not to be considered fact. The information contained in this file is privileged and confidential; it is intended only for use by Berkadia® and their clients. This file may not be reproduced physically or in electronic format without the expressed written consent of Berkadia. CAUTION: Security codes have been included into this file and unauthorized use may render this file useless. Berkadia® employees, affiliates, and contractors are instructed to hard-code this model for reproduction and distribution. Not responsible for errors and omissions. © 2020 Berkadia Real Estate Advisors Inc. Berkadia® is a trademark of Berkadia Proprietary Holding LLC. Investment sales and real estate brokerage businesses are conducted exclusively by Berkadia Real Estate Advisors LLC and Berkadia Real Estate Advisors Inc. In California, Berkadia Real Estate Advisors Inc. conducts business under CA Real Estate Broker License #01931050; Vincent B. Norris, CA BRE Lic. # 843890. Berkadia Commercial Mortgage LLC conducts business under CA Finance Lender & Broker Lic. #988-0701; and Berkadia Commercial Mortgage Inc. under CA Real Estate Broker Lic. #01874116. For state licensing details visit: http://www.berkadia.com/legal/licensing.aspx All Rights Reserved. DRAFT REPORT: Privileged & Confidential, For Discussion Purposes Only. Financial Analysis | 13 FINANCIAL ANALYSIS Unit Mix & Rent Schedule INVESTMENT SUMMARY Estimated Current Current Market Current Market Est. Total Units Unit Type Unit SF Rental Range Avg. Rent Rent Rent/SF Rent/SF Net SF Price $4,825,000 2 1 Bed/1 Bath 615 $2,125 - $2,615 $2,370 $2,995 $3.85 $4.87 1,230 Price/Unit $689,286 5 2 Bed/2 Bath 968 $3,150 - $3,724 $3,397 $3,750 $3.51 $3.87 4,840 Price/SF $801.63 7 867 $3,104 $3,534 $3.58 $4.08 6,070 Gross SF 6,019 Current Pro Forma Cap Rate 3.40% Current Market Market Pro Forma Cap Rate 4.09% Income Proforma Pro Forma Scheduled Market Rent $260,712 $296,880 ALL FINANCING Less: Vacancy 3.00% ($7,821) ($8,906) Net Rental Income $252,891 $287,974 Total Loan Amount $2,413,000 Plus: Estimated Misc. Income $840 $840 Down Payment $2,436,130 Total Operating Income (EGI) $253,731 $288,814 LTV 50% Estimated Expenses Percentage Per Unit Mo. Payment ($10,835) Administrative $115 $805 $805 Debt Constant 5.4% Repairs & Maintenance $700 $4,900 $4,900 Management Fee 4.50% $1,676 $11,732 $13,360 NEW FIRST MORTGAGE (to be originated at purchase) Utilities (DWP, Gas & Trash Removal) $1,068 $7,476 $7,476 Landscaping, Internet, Security System $463 $3,240 $3,240 LTV for this loan 50% Base Property Taxes
Load more

Recommended publications
  • Historic-Cultural Monument (HCM) List City Declared Monuments
    Historic-Cultural Monument (HCM) List City Declared Monuments No. Name Address CHC No. CF No. Adopted Community Plan Area CD Notes 1 Leonis Adobe 23537 Calabasas Road 08/06/1962 Canoga Park - Winnetka - 3 Woodland Hills - West Hills 2 Bolton Hall 10116 Commerce Avenue & 7157 08/06/1962 Sunland - Tujunga - Lake View 7 Valmont Street Terrace - Shadow Hills - East La Tuna Canyon 3 Plaza Church 535 North Main Street and 100-110 08/06/1962 Central City 14 La Iglesia de Nuestra Cesar Chavez Avenue Señora la Reina de Los Angeles (The Church of Our Lady the Queen of Angels) 4 Angel's Flight 4th Street & Hill Street 08/06/1962 Central City 14 Dismantled May 1969; Moved to Hill Street between 3rd Street and 4th Street, February 1996 5 The Salt Box 339 South Bunker Hill Avenue (Now 08/06/1962 Central City 14 Moved from 339 Hope Street) South Bunker Hill Avenue (now Hope Street) to Heritage Square; destroyed by fire 1969 6 Bradbury Building 300-310 South Broadway and 216- 09/21/1962 Central City 14 224 West 3rd Street 7 Romulo Pico Adobe (Rancho 10940 North Sepulveda Boulevard 09/21/1962 Mission Hills - Panorama City - 7 Romulo) North Hills 8 Foy House 1335-1341 1/2 Carroll Avenue 09/21/1962 Silver Lake - Echo Park - 1 Elysian Valley 9 Shadow Ranch House 22633 Vanowen Street 11/02/1962 Canoga Park - Winnetka - 12 Woodland Hills - West Hills 10 Eagle Rock Eagle Rock View Drive, North 11/16/1962 Northeast Los Angeles 14 Figueroa (Terminus), 72-77 Patrician Way, and 7650-7694 Scholl Canyon Road 11 The Rochester (West Temple 1012 West Temple Street 01/04/1963 Westlake 1 Demolished February Apartments) 14, 1979 12 Hollyhock House 4800 Hollywood Boulevard 01/04/1963 Hollywood 13 13 Rocha House 2400 Shenandoah Street 01/28/1963 West Adams - Baldwin Hills - 10 Leimert City of Los Angeles May 5, 2021 Page 1 of 60 Department of City Planning No.
    [Show full text]
  • 1680 N Vine Street, Los Angeles Building Highlights
    1680 N VINE STREET, LOS ANGELES BUILDING HIGHLIGHTS • The Taft Building-Hollywood’s most authentic office environment • Built in 1923 and completely renovated in 2019 • Located in the heart of the famous Hollywood Walk of Fame • Onsite amenities: Starbucks, Wood & Vine, APL and walking distance to everything else Hollywood has to offer • Directly adjacent to the W Hotel which provides ample onsite valet parking • Connected to the Metro Red line at Hollywood and Vine- linking to Downtown and the San Fernando Valley • Two blocks from 101 Freeway BUILDING DESCRIPTION • 12 floors • Building size: +/-125,888 rentable square feet • Average floor plate: +/-10,000 rentable square feet • Ceiling heights: 12’-14’ • Exposed brick, concrete floors and exposed concrete ceilings, operable windows throughout • Creative space available from 1,000- 10,000 square feet APL Restaurant | Wood & Vine Located at the iconic intersection of Hollywood Boulevard and Vine Street WALK SCORE ® OF 95 Untitled map Untitled layer 1680 Vine St LUXURY HOUSING LUXURY HOTEL AMENITIES MAP 1680 VINE STREET, LOS ANGELES KIMPTON HOTEL PANTAGES ARGYLE HOUSE NETFLIX HOLLYWOOD + HIGHLAND STATION HOLLYWOOD BLVD HOLLYWOOD + WESTERN STATION HOLLYWOOD + VINE STATION TRADER JOE’S CAHUENGA BLVD VIACOM SELMA AVENUE VINE ST CROSSROADS OF THE WORLD EQUINOX COLUMBIA SQUARE SUNSET BLVD NETFLIX HIGHLAND AVE ESSEX & HOLLYWOOD PALLADIUM DREAM HOTEL TENDER GREENS NETFLIX ON VINE KATSUYA FOUNTAIN AVENUE ST N GOWER SANTA MONICA BLVD AVA HOLLYWOOD yucca street carlos avenue Taft Building 41 3339
    [Show full text]
  • Historic Resources Survey, Hollywood Redevelopment Project Area Historic Districts, Planning Districts, and Multi‐Property Resources – 01/28/20
    Historic Resources Survey, Hollywood Redevelopment Project Area Historic Districts, Planning Districts, and Multi‐Property Resources – 01/28/20 Districts Name: De Longpre Park Residential Historic District Description: The De Longpre Park Residential Historic District is a concentration of pre‐World War II residences in central Hollywood. The district is flat and moderate in size. It encompasses an irregularly shaped area that is generally bounded by Leland Way on the north, Fountain Avenue and Homewood Avenue on the south, Hudson and Wilcox avenues on the east, and Cherokee Avenue on the west. The district is primarily composed of small, modest, single‐family residences that were built between the very early 20th century and the 1920s. These houses are sited on deep, narrow lots, and are one (and occasionally two) stories in height. They are designed in a variety of architectural styles that were popular at the time; the American Colonial Revival, Craftsman, and Spanish Colonial Revival styles are the most common, though some of the earlier houses exhibit characteristics of Late Victorian era styles. Common architectural features include flat or moderately pitched roofs with projecting eaves, exposed rafters, and eave returns; clay tile trim and coping (on Spanish Colonial Revival houses); front porches with articulated supports; wood clapboard and stucco wall cladding; and multi‐light wood windows. Many houses feature a detached garage or ancillary building at the rear of the lot. Common alterations include the replacement of original doors, windows, and wall cladding, and the addition of security bars and perimeter fences. Interspersed between these houses are a handful of multi‐family dwellings that generally complement the neighborhood’s scale and character, as well as a few examples of larger‐scale multi‐family properties – mostly apartment houses – that were built after World War II and do not contribute to the district.
    [Show full text]
  • Individual Artist Fellowships C.O.L.A
    INDIVIDUAL ARTIST FELLOWSHIPS C.O.L.A. 2013 C.O.L.A. 2013 INDIVIDUAL ARTIST FELLOWSHIPS Department of Cultural Affairs City of Los Angeles This catalog accompanies an exhibition and performance series sponsored by the City of Los CITY OF Angeles Department of Cultural Affairs featuring LOS ANGELES its C.O.L.A. 2013 Individual Artist Fellowship recipients in the visual and performing arts. 2013 INDIVIDUAL Exhibition: May 19 to July 7, 2013 ARTIST Los Angeles Municipal Art Gallery FELLOWSHIPS Barnsdall Park Opening Reception: May 19, 2013, 2 to 5 p.m. Performances: June 28, 2013 Grand Performances 2 Antonio R. Villaraigosa LOS ANGELES CITY COUNCIL CULTURAL AFFAIRS COMMISSION Department of Cultural Affairs DEPARTMENT OF CULTURAL AffaiRS Mayor City of Los Angeles City of Los Angeles City of Los Angeles Ed P. Reyes, District 1 York Chang Paul Krekorian, District 2 President Olga Garay-English Aileen Adams Dennis P. Zine, District 3 The Department of Cultural Affairs (DCA) generates and supports high-quality Executive Director Deputy Mayor Tom LaBonge, District 4 Josephine Ramirez arts and cultural experiences for Los Angeles’s 4 million residents and 40 million Strategic Partnerships Paul Koretz, District 5 Vice President Senior Staff Tony Cardenas, District 6 annual overnight and day visitors. DCA advances the social and economic impact of the arts and ensures access to diverse and enriching cultural activities through Richard Alarcon, District 7 Maria Bell Matthew Rudnick Bernard C. Parks, District 8 Annie Chu grant making, marketing, public art, community arts programming, arts education, Assistant General Manager Jan Perry, District 9 Charmaine Jefferson and building partnerships with artists and arts and cultural organizations in Herb J.
    [Show full text]
  • View Radiology Remodel, Clinton Kieth Master Plan, L.A
    12 LOS ANGELES BUSINESS JOURNAL JANUARY 29, 2018 NEXT WEEK ARCHITECTURE FIRMS The Top Gifts received THE LIST Ranked by 2017 L.A. County Billings in L.A. County Rank Company L.A. County Current Projects Profile Top Local Executive • name Billings (partial list) • L.A. architects • name • address • 2017 • L.A. employees • title • website • 2016 • offices (L.A./total) • phone (in millions) • headquarters Gensler $90.3 LAX, Los Angeles Football Club Stadium, Westfield Century City, 141 John Adams 1 500 S. Figueroa St. $85.2 Herald Examiner, Caruso Palisades Village, Waldorf Astoria, 337 Barbara Bouza Los Angeles 90071 AltaSea at the Port of Los Angeles 1/44 Michael White gensler.com SanN/A Francisco Co-Managing Directors (213) 327-3600 ZGF Architects 44.8 Hilton Foundation headquarters Phase 2, Caltech Bechtel 42 Ted Hyman 2 515 S. Flower St., Suite 3700 39.2 residence, Hercules campus renovation, LA BioMed Research 100 Partner Los Angeles 90071 Building A, California ARB consolidation project 1/6 (213) 617-1901 zgf.com Portland,N/A Ore. Aecom 40.7 NBC Universal, UCI, LA2028 Olympic Committee, LAX, Metro, 60 Robert Lavey 3 300 S. Grand Ave. 34.8 L.A. County, U.S. Navy 185 Regional Managing Principal, Buildings Los Angeles 90071 4/595 and Places aecom.com Los Angeles (213) 593-8100 CallisonRTKL 37.0 Perla, 5th and Hill, 11th and Olive, Oceanwide Plaza, The Alexan, 161 Kelly Farrell 4 333 S. Hope St., Suite C200 39.0 888 Hope, Four Seasons, Los Angeles private residences, 3700 197 Vice President Los Angeles 90071 Wilshire, Figueroa Centre 1/20 (213) 633-6000 callisonrtkl.com Baltimore DLR Group 36.4 Macerich Fashion Outlets of Los Angeles, 41 Adrian O.
    [Show full text]
  • No. 2 Newsmaker of 2016 Was City Manager Change Rodgers Christmas Basket Fund Are Still Being Accepted
    FRIDAY 162nd YEAR • No. 208 DECEMBER 30, 2016 CLEVELAND, TN 22 PAGES • 50¢ Basket Fund Donations to the William Hall No. 2 Newsmaker of 2016 was city manager change Rodgers Christmas Basket Fund are still being accepted. Each By LARRY C. BOWERS Service informed Council members of year, the fund supplies boxes of Banner Staff Writer the search process they faced. food staples to needy families TOP 10 MTAS provided assistance free of during the holiday season. The The Cleveland City Council started charge, and Norris recommended the fund, which is a 501(c)(3) charity, the 2016 calendar year with a huge city hire a consultant. This was prior is a volunteer-suppported effort. challenge — an ordeal which devel- NEWSMAKERS to the Council’s decision to hire Any funds over what is needed to oped into the No. 2 news story of the Wallace, who had also assisted with pay for food bought this year will year as voted by Cleveland Daily the city’s hiring of Police Chief Mark be used next Christmas. Banner staff writers and editors — The huge field of applicants was Gibson. Donations may be mailed to First when the city celebrated the retire- vetted by city consultant and former Council explored the possibility of Tennessee Bank, P.O. Box 3566, ment of City Manager Janice Casteel Tennessee Bureau of Investigation using MTAS and a recruiting agency, Cleveland TN 37320-3566 or and announced the hiring of new City Director Larry Wallace, of Athens, as but Norris told them she had never dropped off at First Tennessee Manager Joe Fivas.
    [Show full text]
  • Heidi Mekkelson
    Alejandro Huerta <[email protected]> Crossroads Hollywood Draft NOP 1 message Heidi Mekkelson <[email protected]> Tue, Oct 13, 2015 at 9:55 AM To: Alejandro Huerta <[email protected]> Cc: Luciralia Ibarra <[email protected]>, Stephanie Eyestone­Jones <[email protected]> Hi Alejandro, Attached is a draft NOP for your review. Still working on nailing down the scoping meeting location for Saturday, Nov 14, but I didn’t want that to hold up your review. Let me know if you have any comments and if the dates are ok. We’re also working on finalizing the IS. Thanks! Heidi Heidi Mekkelson Principal Planner 6701 Center Drive West, Suite 900 Los Angeles, California 90045 T (424) 207­5333 F (424) 207­5349 DIRECT (424) 207­5346 Email [email protected] Statement of Confidentiality. The contents of this e­mail message and any attachments are confidential and are intended solely for addressee. The information may also be legally privileged. This transmission is sent in trust, for the sole purpose of delivery to the intended recipient. If you have received this transmission in error, any use, reproduction or dissemination of this transmission is strictly prohibited. If you are not the intended recipient, please immediately notify the sender by reply e­mail or phone and delete this message and its attachments, if any. 4 attachments 15­127A Radius Map.PDF 2422K Conceptual Site Plan.pdf 498K Crossroads ­ NOP_draft 10.13.15.doc 2731K Project Location Map.pdf 235K A1 B4 308 HOTEL KEYS 123 RENTAL UNITS
    [Show full text]
  • Cities As Entertainment Centers: Can Transformative Projects Create Place?
    NOT FOR CITATION OR DISTRIBUTION WITHOUT PERMISSION OF THE AUTHORS “Cities as Entertainment Centers: Can Transformative Projects Create Place? Lynne B. Sagalyn and Amanda G. Johnson Paper Prepared for “Explaining Metropolitan Transformation: Politics, Functions and Symbols” Special Master Class University of Amsterdam Amsterdam, The Netherlands January 25-26, 2013 Cities have long been identified as centers for entertainment. By historical evolution or deliberate public policy, across the globe the core of the entertainment industry has lodged itself in the city center. Times Square in New York and the West End of London may be the most iconic centers, but Toronto’s Entertainment Center and Cleveland’s Playhouse Square derive from a similar centralizing root, as did Potsdamer Platz before the Berlin Wall divided that city. City life itself is often considered theater, a place of real-time performance, street dance, and impromptu staccato of entertainment. Akin to this informal, popular side of city entertainment, amusement parks first found vibrant, if temporary, expression in the 1893 Chicago World’s Fair, whereas by the turn of the century the People’s Playground of Coney Island had become the uncontested epicenter of America’s emerging mass culture. As an idea to shape and promote city identity and draw large numbers of tourists and residents, arts districts fashioned out of whole cloth and invented by public policy began to spring into being in Dallas, Pittsburgh, Atlanta, Kansas City and numerous other urban centers in the 1980s. Whether for live- theater performance, mass amusement, or arts entertainment, as a location of centrality, cities have 1 C:\Users\lbs4\Documents\Papers\Amsterdam_2013\FINAL DRAFT FILES\Cities as Entertainment Centers_Sagalyn_Johnson_012413.docx long had a competitive advantage, and this has been no less the case as evolving cultural notions of entertainment increasingly have shifted to sports events and produced new large-format entertainment centers such as London’s O2, L.A.
    [Show full text]
  • LYTTON SAVINGS 8150 SUNSET BOULEVARD Historic-Cultural Monument Application
    LYTTON SAVINGS 8150 SUNSET BOULEVARD Historic-Cultural Monument Application Dale: I &/1. <"/ I /- Submitted in fl.wt1 ~Commi ttee Council File No: I(, - I o1 y Item No. I '1 Deputy:.------- Pamela Deuel Meyer 2702 Westshire Drive, los Angeles, CA 90068 August4, 2016 To: Commissioners, Los Angeles Cultural Heritage Commission Re: Lytton Savings Building, 8150 Sunset Blvd. Good morning; Commissioners. My name is Pamela Meyer. My husband was Kurt Meyer, the architect of the Lyttons Savings building, and I've come here today in support of the application to preserve it by including it into the overall project. Since the present Gehry design is not as monolithic as the previous one, it could more easily integrate an existing low rise structure -Kurt's bulding-· amid the jumble of his signature low rise volumes along Sunset. I don't know if people realize the unique stained glass walls made by Basque artist Roger Derricarrere, who ts known for inventing the technique of dalle de verre. He cast each glass slab individually, with their vtvid, fiery colors. Born and educated in Zurich, Switzerland, Kurt came to Los Angeles in 1949 as a young architect, inspired most of all by Le Corbusier. In 1959 Bart Lytton asked Kurt to design the headquarters building for Lytton Savings and Loan. It was Kurt's first major project, and tt launched his long and successful career.Bart wanted the building to be quickly built, so Kurt needed to find a strong design that could be quickly constructed. He decided to precast the folded plate roof slabs at the same time that the building was under construction.
    [Show full text]
  • Historic Preservation
    Historic Preservation Quarter Research Team Building Site Name City Spring 2000 Winter 1996 Alesco Art Deco Architecture Winter 1996 Dameron Paul Revere Williams Winter 1996 Deffis-Whittaker Art Direction Winter 1996 Ekstrom William Morris Winter 1996 Kapoor Old Saddleback Mountain Winter 1996 Schaeffer Japanese Gardens Winter 1996 Shelton Bernard Maybeck Summer 1995 Stambaugh Preservation Movement Summer 1994 Anguiano Zig-Zag Architecture Summer 1994 Nix The California Bungalow Winter 1994 Ruiz Julia Morgan Summer 1993 Myers Frank Lloyd Wright & Michael Graves Summer 1993 Wallace Golden Age of Theatres in America Fall 1991 Spring 2001 Merendino Ramona Convent Alhambra Spring/Sum.2011 Anderson & Hinkley Pacific Electric Company Alta Dena Summer 1995 Guesnon Sam Maloof : a man of Alta Loma wood Winter 2014 Depew & Moulina Carnegie Library Anaheim 241 S. Anaheim Blvd. Winter 2010 Ta & Webster Kraemer Building Anaheim 201 E. Center Street Winter 2006 Giacomello & Kott Kraemer Building Anaheim Winter 2002 Corallo & Golish 1950’s Post-Modern Anaheim “Googie” Architecture of Anaheim and the Anaheim Convention Center’ Arena Building Winter 1999 Drymon Hatfield House Anaheim Summer 1994 Cadorniga St. Catherine’s Miltary Anaheim School Winter 1993 Ishihara Ferdinand Backs House Anaheim Winter 2001 Brewsaugh Santa Anita Park Arcadia Fall 1998 Garcia Santa Anita Depot Arcadia Summer 1995 Eccles Arrowhead Springs Spa Arrowhead Spring 2000 Dang Tuna Club Avalon Winter 1998 Daniels Catalina Casino Avalon Winter 1998 Lear Old State Capitol Benicia Winter
    [Show full text]
  • A Historical Bibliography of Commercial Architecture in the United States
    A HISTORICAL BIBLIOGRAPHY OF COMMERCIAL ARCHITECTURE IN THE UNITED STATES Compiled by Richard Longstreth, 2002; last revised 7 May 2019 I have focused on historical accounts giving substantive coverage of the commercial building types that traditionally distinguish city and town centers, outlying business districts, and roadside development. These types include financial institutions, hotels and motels, office buildings, restaurants, retail and wholesale facilities, and theaters. Buildings devoted primarily to manufacturing and other forms of production, transportation, and storage are not included. Citations of writings devoted to the work of an architect or firm and to the buildings of a community are limited to a few of the most important relative to this topic. For purposes of convenience, listings are divided into the following categories: Banks; Hotels-Motels; Office Buildings; Restaurants; Taverns, etc.; Retail and Wholesale Buildings; Roadside Buildings, Miscellaneous; Theaters; Architecture and Place; Urbanism; Architects; Materials-Technology; and Miscellaneous. Most accounts are scholarly in nature, but I have included some popular accounts that are particularly rich in the historical material presented. Any additions or corrections are welcome and will be included in updated editions of this bibliography. Please send them to me at [email protected]. B A N K S Andrew, Deborah, "Bank Buildings in Nineteenth-Century Philadelphia," in William Cutler, III, and Howard Gillette, eds., The Divided Metropolis: Social and Spatial Dimensions
    [Show full text]
  • Not So Famous Views of L.A
    100NOT SO FAMOUS VIEWS OF L.A. BARBARA THOMASON 1 Editor’s Note The moment I laid eyes on Barbara Thomason’s paintings of Los Angeles, I fell in love. I’m a sixth-generation Southern Californian. My great-grandfather on my mother’s side, Albert C. Martin, designed many significant L.A. buildings, and the men on my father’s side—great-grandfather Matt Conway, grandfather Charlie Dunn, father Joe Dunn, and uncle Dick Dunn—were commercial real estate brokers who helped shape the city. I was raised in the heart of the city and learned from infancy to love its light, its hills, its concrete, its wildlife, its architecture, its beaches, its history, and its crazy-quilt beauty. Barbara’s sharp eye, skillful hand, creative genius, and admiration for her city combined to result in an extraordinary series of paintings that celebrate “my” Los Angeles—and, no doubt, your Los Angeles, too. It is a great honor to publish this collection of 100 not so famous views of my city, with commentary by the artist. And I am grateful to the great L.A. writer David Ulin for contributing a foreword. He, too, has fallen in love with Barbara’s paintings. This little booklet is but a sample of what’s to come. All of us at Prospect Park Books look forward to releasing the hardcover book in September. And don’t miss the show of all 100 paintings that will be hung in the gallery space at Angel City Brewery in the historic Arranaga building at Traction and Alameda in late September, with a publication party on September 20th from 4 to 6 p.m.
    [Show full text]