DOCSLIB.ORG

Los Angeles Construction Market Mid-Year Report | 2018

Total Page：16

File Type：pdf, Size：1020Kb

Download full-text PDF Read full-text
Los Angeles Construction Market Mid-Year Report | 2018 LOS ANGELES CONSTRUCTION MARKET MID-YEAR REPORT | 2018 JUNE 2018 Contents Overview........................................................................................................................................................................... 1 Private Development Activity................................................................................................................................. 2 Downtown Hotel Developments On The Rise................................................................................................ 2 Foreign Investment Slows But Interest Remains High............................................................................... 2 Linkage Fee for Private Developments in DTLA.......................................................................................... 3 Challenges In The Entitlement Process Continue......................................................................................... 3 Public Sector + Institutional Development Activity...................................................................................... 4 Partnerships and M&As Formed To Tackle Mega Projects...................................................................... 4 Impact On Construction Costs............................................................................................................................... 4 Putting It Into Context............................................................................................................................................... 4 Ten50 Client: Trumark Urban Design Architect: HansonLA Executive Architect: Adamson Associates Interior Design: Handel Architects & Interiors General Contractor: Lend Lease Overview In April 2018, US non-residential construction spending exceeded the previous peak in 2008 by 4%. The AIA Architectural Billing Index (ABI), forecasts that this level of activity is expected to extend into 2019. The Western US Region in particular has shown the strongest indicators of continued growth, with a leading average score of 55.7, compared with 54.3 for the South, 53.3 for the Midwest, and 47.9 for the Northeast. Los Angeles alone is projected to grow 3.75% in 2018 and 6.4% in 2019, as reported by the Los Angeles County Economic Development Corporation (LAEDC). By the end of March 2018, the number of permits issued by the City of Los Angeles alone had already exceeded the total 2017 volume by 1,000. Unique growth drivers for Los Angeles County include robust entertainment, biotech, transportation, defense, finance, and healthcare industries, and an ambitious urban revitalization plan, which includes preparations for the upcoming 2028 Olympics. Although this report focuses primarily on construction activities within the City of Los Angeles, markets throughout the region are closely linked and our analysis and recommendations are generally applicable to all cities within the County. Pictured: Original hotel. Hotel is currently under renovation; two new residential towers are currently under construction. Century Plaza Hotel and Residences Client: Woodridge Capital Partners Design Architect: Pei Cobb Freed & Partners Architect of Record: Gensler Preservation Architect: Marmol Radziner Landscape Architect: Rios Clementi Hale Studio General Contractor: Webcor Builders Private Development Activity MGAC Research tracks private developments in the Downtown Hotel Developments On The Linkage Fee for Private Developments in proposed, planned, or under construction stage on an ongoing basis. As of June 2018, this includes nearly 50 major private Rise DTLA projects in the pipeline across the County, the majority of which The Department of Convention and Tourism Development set a In December 2017, the LA City Council approved the Linkage are concentrated in Downtown South Park, Koreatown, and goal in 2012 to increase the total number of hotel rooms within Fee, a fee on development that is expected Hollywood. walking distance of the Los Angeles Convention Center (LACC) to generate $104.4 million in annual revenue. The City plans to to 8,000 rooms by 2020. As of October 2017, 67% of this goal direct these funds toward the construction and preservation of Over 85% of projects in the pipeline feature a residential com- has been met, with over 4,600 hotel rooms available in the affordable housing. ponent, with many of the units, particularly in Downtown LA, market and over 700 new rooms under construction. being positioned as “luxury” housing. Among these projects The linkage fee will have an immediate cost impact for include: An additional 3,000 hotel rooms have been proposed near the developments filed after June 18, 2018. The current LACC, that, upon completion in 2020, would move the City fee employs a tiered structure in which residential developers • Angels Landing – A $1.2 billion, 88-story mixed-use tower forward to reaching its goal. Major hotels in planning include: are charged between $8-15 per square which was approved in December 2017. foot, and commercial developers $3-5 per square • Grand Avenue – A $1-billion Frank Gehry designed project • Fig+Pico Conference Center Hotels – A 1,000-room hotel foot. However, the City is exploring the feasibility of increasing scheduled to break ground in Fall 2018 developed by the Lightstone Group. the linkage fee amount to $18 per square foot for residential • Chinatown High Rise – A Studio Gang designed 26-story, • City Lights Hotel Towers – A 1024-room hotel developed by development projects in wealthier “high market” areas including Hollywood and DTLA. wavy glass and steel tower that will add 294 apartment TriCal Construction Inc. Kings 838 Residences units and 149 hotel rooms to the old Chinatown • W Hotel at 1020 S Figueroa – A 300-room hotel by Chinese The linkage fees would be phased in 3 steps, beginning four neighborhood. developer Shenzhen Hazens. Client: Darmos Properties Architect: Workplays Studio Architecture months after the ordinance effective date of February 17, 2018: There are also several other major, non-high-rise mixed use • 1600 S. Figueroa – A 250-room hotel within the mixed-use General Contractor: R.D. Olson projects that are changing the landscape of the city, notably the tower developed by L&R Group of Companies. • One-third of the total linkage fee amount will be charged $1.2 billion Lucas Museum of Narrative Art which broke ground for developers submitting building permit or entitlement in March 2018. • Figueroa Centre – A 220-room, 66-story hotel by Regalian applications on or after June 18, 2018. LLC. For a detailed list of major private developments across Los • Two-thirds of the total linkage fee amount will be charged if Angeles County, see the digital version of this report at MGAC. • JW Marriott LA Live – A 850-room, 40 story hotel applications are submitted on or after December 20, 2018. developed by LA Convention Center operator AEG com/blog. • The full linkage fee amount will be charged for applications submitted on or after June 17, 2019. Private Development Activity Challenges In The Entitlement Process Foreign Investment Slows But Interest • The Wilshire Gate – A 33-story mixed-use tower in Koreatown, developed by Jia Long USA, a subsidiary of Jia Continue Remains High Long Beijing. Although LA County continues to draw the bulk of foreign With the amount of large developments planned in LA, the Despite this slowdown in investment activities, interest in investment in Southern California, the overall volume has fallen. entitlement process is becoming more difficult. Southern California real estate, particularly trophy assets, Owners of large development projects may go through lengthy Construction activities by foreign-owned enterprises have continues to remain strong. deliberations with the local community to address various followed this shift with a nearly 60% drop in number of jobs According to Young Kim, Managing Director of 8th Bridge issues including affordable housing, environmental concerns, and wages paid. Over the last year, the high-profile withdrawal Capital, an LA based investment management firm specializing and employment opportunities. of Chinese developers and investors due to mainland capital in Asian EB-5 and private equity funding, “Chinese investors are control policies have been a major contributor to this trend, with still very much interested in what they consider to be stable and One example is the $1.2 billion Broadway Square development Chinese investments reportedly declining by 67% since 2017. often undervalued assets here in LA when compared to other (The Reef) in South Park. Over a year since it was approved in Only a handful of Chinese developments remain on-track in global Tier 1 cities like Beijing or Shanghai. Many of my Chinese November 2016, ground-breaking was finally able to proceed Downtown LA, including: clients believe that these capital controls are a temporary after a public benefits package was agreed upon. This package measure employed by their government due to sensitivities in included the provisions that 5% of the 1,400 units would be Over 85% of projects in the pipeline feature a residential com- the current US-China trade relationship.” set aside for low-income residents, an $18 million contract ponent, with many of the units, particularly in Downtown LA, to preserve affordable housing in the community, and a being positioned as “luxury” housing. Among these projects Investors from other Asian countries share a favorable image of commitment of giving 30% of the construction jobs to local
Load more

Recommended publications
  • 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]
  • Lead Agency Projects and Environmental Documents Received by SCAQMD
    BOARD MEETING DATE: September 1, 2017 AGENDA NO. 16 REPORT: Lead Agency Projects and Environmental Documents Received By SCAQMD SYNOPSIS: This report provides, for the Board’s consideration, a listing of CEQA documents received by the SCAQMD between June 1, 2017 and July 31, 2017, and those projects for which the SCAQMD is acting as lead agency pursuant to CEQA. COMMITTEE: The Mobile Source Committee, on July 21, 2017 reviewed the June 1 – June 30, 2017 portion of the report; while the July 1 – July 31 2017 portion has had no committee review RECOMMENDED ACTION: Receive and file. Wayne Nastri Executive Officer PF:SN:JW:LS:LW CEQA Document Receipt and Review Logs (Attachments A and B) – Each month, the SCAQMD receives numerous CEQA documents from other public agencies on projects that could adversely affect air quality. A listing of all documents received and reviewed during the reporting period June 1, 2017 through July 31, 2017 is included in Attachment A. A list of active projects from previous reporting periods for which SCAQMD staff is continuing to evaluate or has prepared comments is included in Attachment B. A total of 192 CEQA documents were received during this reporting period and 59 comment letters were sent. Notable projects in this report are: San Gorgonio Crossings in the County of Riverside; Berths 97-109 (China Shipping) Container Terminal Project at the Port of Los Angeles; Los Angeles International Airport (LAX) Terminals 2 and 3 Modernization; Los Cerritos Wetlands Restoration and Oil Project in the City of Long Beach; and I-710 Corridor Project in the County of Los Angeles.
    [Show full text]
  • Report Year-End Report
    FOURTH QUARTER, 2OI9 DOWNTOWN LA MARKET REPORT YEAR-END REPORT Photo by Hunter Kerhart Q4 2019 MARKET REPORT ABOUT THE DCBID Founded in 1998, the Downtown Center Business Improvement District (DCBID) is a coalition of nearly 2,000 property owners in the central business district, united in their commitment to enhance the quality of life in the area. The organization has been a catalyst in the transformation of the Downtown Center District, turning it into a vibrant 24/7 destination. The mission of the Economic Development team is to improve and revitalize the District and bring investment and new businesses to the area. We provide services to current and prospective residents, workers, and businesses, including: • Development Consulting • Research and Information Requests • Events and Marketing • Monthly Housing and Office Tours • Customized Tours and Reports Whether you need information on new development, introductions to local decision-makers and influencers, or you just want to learn more about Downtown’s dynamic growth, we are the portal for information about the District and DTLA. To learn more about Downtown’s Renaissance and how to join us, visit www.DowntownLA.com. DEFINITION OF DOWNTOWN LA The DCBID defines Downtown Los Angeles as the area bounded by the 110, 101, and 10 freeways and the LA River, plus Chinatown, City West, and Exposition Park. The projects contained in this report are within a portion of Downtown Los Angeles, shown on the map to the left. 2 Downtown Center Business Improvement District Q4 2019 MARKET REPORT TABLE OF CONTENTS 2019 YEAR IN REVIEW ......................................... 4 MARKET OVERVIEW Residential & Retail ..........................................
    [Show full text]
  • IV. Environmental Impact Analysis L.1 Utilities and Service Systems—Water Supply and Infrastructure
    IV. Environmental Impact Analysis L.1 Utilities and Service Systems—Water Supply and Infrastructure 1. Introduction This section of the Draft EIR analyzes the Project’s potential impacts to water supply and the water infrastructure system serving the Project Site. The analysis describes regional water supplies and existing water infrastructure serving the Project Site, estimates the water demand associated with the Project, and assesses whether there is sufficient water supply and infrastructure capacity to meet that demand. The analysis is based on the Water Supply Assessment for the 222 West 2nd Project (WSA), adopted by the Los Angeles Department of Water and Power’s (LADWP) Board of Water and Power Commissioners (LADWP Board) on January 9, 2018, and included as Appendix N.1 of this Draft EIR. The analysis of water infrastructure is based, in part, on the 222 West 2nd Street Project Utilities Technical Memorandum (Utilities Report), prepared by Psomas, dated November 30, 2018, and included in Appendix N.2 of this Draft EIR. 2. Environmental Setting a. Regulatory Framework (1) State (a) Senate Bill 610 (California Water Code Sections 10910 et seq.) Senate Bill (SB) 610, codified in the California Water Code (CWC), Sections 10910 et seq., became effective January 1, 2002. SB 610 requires counties and cities to consider the availability of water supplies for certain major development projects as part of the California Environmental Quality Act (CEQA) process. Counties and cities must obtain, at the outset of the CEQA process, a water supply assessment from the applicable public water system for projects that meet certain thresholds.
    [Show full text]
  • 433 S. Spring St. Los Angeles, Ca 90013
    433 S. SPRING ST. LOS ANGELES, CA 90013 www.TheTrustBldg.com INDUSTRY PARTNERS [email protected] ARAM POGOSIAN MAGUIRE PARSONS 310 395 5151 [email protected] [email protected] CA BRE NO. 01900833 CA BRE No. 01816276 CA BRE No. 02046123 Built in 1928 by the Title Insurance and Trust Company as its headquarters, The Parkinson. During this period in Downtown LA’s history, Spring Street was home the Spring Street Financial District. The Trust Building’s distinctive and stunning Art Deco / Zig Zag Moderne style, along with its deep roots in DTLA’s early development, garnered the building Historic-Cultural Monument status in Los Angeles and on the National Register of Historic Places. For Leasing Information ARAM POGOSIAN MAGUIRE PARSONS Contact Industry Partners [email protected] [email protected] T. 310 395 5151 CA BRE No. 0181627 CA BRE No. 02047123 [email protected] CA BRE No. 01900833 2 3 Ground Retail Available SF ±7,596 RSF Total Area Ranging From ±3,300 to ±3,900 SF Ceiling Height 13’ Approximately On-site Valet Parking Beautifully redesigned Inspired by iconic and timeless architecture, the Trust Building was a place and Storefronts institution, a visual efects company, or the next top restautant, The Trust Building is now continuing its ardent story as a place and space for meaningful work by today’s innovators. Retaining its original brilliance and elegance, the Trust Building is emerging restored No warranty or representation is made to the accuracy of the foregoing information. Terms of lease are subject to change or 4 withdrawal without notice.
    [Show full text]
  • Q3 2019 Market Report
    THIRD QUARTER, 2OI9 DOWNTOWN LA MARKET REPORT Photo by Hunter Kerhart Q3 2019 MARKET REPORT ABOUT THE DCBID Founded in 1998, the Downtown Center Business Improvement District (DCBID) is a coalition of nearly 2,000 property owners in the central business district, united in their commitment to enhance the quality of life in the area. The organization has been a catalyst in the transformation of the Downtown Center District, turning it into a vibrant 24/7 destination. The mission of the Economic Development team is to improve and revitalize the District and bring investment and new businesses to the area. We provide services to current and prospective residents, workers and businesses, including: • Development Consulting • Research and Information Requests • Events and Marketing • Housing and Office Tours • Customized Tours and Reports Whether you need information on new development, introductions to local decision-makers and influencers, or you just want to learn more about Downtown’s dynamic growth, we are the portal for information about the District and DTLA. To learn more about Downtown’s Renaissance and how to join us, visit www.DowntownLA.com. DEFINITION OF DOWNTOWN LA The DCBID defines Downtown Los Angeles as the area bounded by the 110, 101 and 10 freeways and the LA River, plus Chinatown, City West, and Exposition Park. The projects contained in this report are within a portion of Downtown Los Angeles, shown on the map to the left. 2 Downtown Center Business Improvement District Q3 2019 MARKET REPORT TABLE OF CONTENTS EXECUTIVE SUMMARY ........................................ 4 MARKET OVERVIEW Residential ........................................................ 6 Office ................................................................. 7 7 Significant Sales ...............................................
    [Show full text]
  • Metro LA New Construction & Proposed Multifamily Projects 2Q18
    Metro LA New Construction & Proposed Multifamily Projects 2Q18 104 Citrus & Highland 72 ID PROPERTY UNITS 220 Hollywood & Wilcox 260 105 Hollyhill 202 221 Hollywood and Gower 176 2 Axis on Eleventh 177 106 6007 Sunset Boulevard 63 3 Onyx 162 222 Horizon Hollywood 410 107 411 South Hamel Road 88 223 Museum Square Tower 285 4 East View 121 109 1950 Avenue of the Stars 483 5 Vision on Wilshire 158 224 Town and Country Center 381 122 1600 South Figueroa Street 134 225 Fairfax Theatre 71 6 Argyle House 114 123 234 Center Street 430 7 Kodo, The 60 226 NMS La Jolla 90 124 6th at Central 236 234 10150 West Venice Blvd 80 8 Topaz 159 125 AVA Arts District 475 11 Broadway Palace Phase II 413 249 1100 East 5th Street 218 126 Beacon Tower 428 250 2110 Bay 110 12 Luna on Wilshire 209 127 Cecil Hotel Redevelopment 301 13 Maya 72 251 4th & Hewitt 93 128 Grand, The 323 252 670 Mesquit 308 14 Sunset and Gordon 299 129 Hill Street 235 Total Lease-Up 1,944 253 676 Mateo Street 185 130 Main Street Park 379 254 Angels Landing 425 15 1212 South Flower 730 131 1111 Sunset Blvd 778 16 5750 Hollywood 161 255 Camden Arts District 344 132 211 Alpine Street 122 256 Decatur and Seventh 122 17 Academy, The 200 133 Sunset and Everett 204 18 Lombardi, The 86 257 Little Tokyo Galleria 994 134 2405 West 8th Street 144 258 Mateo, The 600 19 AVA Hollywood 695 135 1800 Beverly Blvd 243 20 Essex Hollywood 200 259 Violet Street Mixed-Use Building 509 136 Temple Street 53 260 Harmony 178 21 Ivy Station 200 137 3240 Wilshire Boulevard 545 Lincoln Heights Jail 50 22 Hollywood
    [Show full text]
  • Q1 2020 Market Report
    FIRST QUARTER, 2O2O DOWNTOWN LA MARKET REPORT Photo by Hunter Kerhart Q1 2020 MARKET REPORT EXECUTIVE SUMMARY Ordinarily, our DTLA Market Report is filled with words and images that tell the story of the amazing ongoing transformation of Downtown LA into one of the most dynamic urban centers in the country. Unfortunately, at the end of the first quarter DTLA, like cities across the globe, was experiencing a different sort of transformation, with streets empty, stores closed, workers telecommuting, and residents finding safety in their homes. We know that these circumstances are temporary and that they will be replaced by a new set of challenges, but we also know there will be a recovery. As one of the fastest growing residential communities in the country and a destination for creative and innovative companies and individuals, DTLA will be at the forefront of that recovery. Current events will dramatically impact the immediate future but will not stop Downtown’s long-term momentum. The work of recovery and revitalization has already begun in Everyone has been impacted organizations like ours, in small businesses and large companies by the COVID-19 pandemic. We charting their course forward, and on the part of property owners, know DTLA will get through this investors and developers, whose projects will continue to shape unprecedented time by working the future of DTLA. In recent days we have seen the beginning of together and supporting each the process of re-opening the economy. Soon life will return to our other. Please support your fellow sidewalks, buildings, and businesses. DTLA community by buying from While we are optimistic about the future of DTLA, present market local businesses.
    [Show full text]
  • Notice of Preparation of ENVIRONMENTAL IMPACT REPORT and PUBLIC SCOPING MEETING
    Notice of Preparation OF ENVIRONMENTAL IMPACT REPORT AND PUBLIC SCOPING MEETING July 14, 2017 CASE NO.: ENV-2017-174-EIR PROJECT NAME: Figueroa Centre PROJECT APPLICANT: Regalian, LLC PROJECT ADDRESS: 911, 913, 915 South Figueroa Street, Los Angeles, CA 90015 COMMUNITY PLANNING AREA: Central City COUNCIL DISTRICT: 14—José Huizar PUBLIC COMMENT PERIOD: July 14, 2017–August 14, 2017 SCOPING MEETING: 6:00 P.M.–8:00 P.M., August 1, 2017. See below for additional information. The City of Los Angeles (City) intends to prepare an Environmental Impact Report (EIR) for the proposed Figueroa Centre Project (Project). In accordance with Section 15082 of the California Environmental Quality Act (CEQA) Guidelines, the City has prepared this Notice of Preparation to provide the public, nearby residents and property owners, responsible agencies, and other interested parties with information regarding the Project and its potential environmental effects. The EIR will be prepared by outside consultants under the supervision of the City of Los Angeles, Department of City Planning. The City requests your written comments as to the scope and contents of the EIR, including mitigation measures or project alternatives to reduce potential environmental effects from the Project. Comments must be submitted in writing according to directions below. If you represent a public agency, the City seeks written comments as to the scope and content of the environmental information in the EIR that are germane to your agency’s statutory responsibilities in connection with the Project. A Public Scoping Meeting will be held to receive input as to what environmental topics the EIR should study.
    [Show full text]
  • THE LIST Ranked by 2017 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]
  • Los Angeles - Metro New Construction & Proposed Multifamily Projects 2Q20
    Los Angeles - Metro New Construction & Proposed Multifamily Projects 2Q20 ID PROPERTY UNITS 139 IB Plaza Redevelopment 230 140 Kingsley Drive 68 1 The Crosby 336 141 Nexen 228 Total Lease Up 336 142 Normandie Avenue Residential Development 84 22 900 Vermont 193 144 350 South Alexandria Avenue 82 28 2500 Wilshire Boulevard 248 146 719 South St. Andrews Place 65 33 The Rise Koreatown 364 Total Planned 4,278 35 2900 Wilshire 644 144 36 Fedora 182 238 Hoover & Park View 130 345 56 43 3540 Wilshire 206 247 3700 West Wilshire Blvd 506 48 966 South Kenmore Avenue 50 248 831 South Kingsley 114 55 678 South Ardmore Avenue 123 249 The Catalina 269 56 411 Normandie 224 250 525 South Virgil 84 342 250 86 62 801 Berendo 98 251 Westmoreland Avenue 77 63 8th Street and Harvard Blvd 131 344 251 252 645 South Ardmore Avenue 268 343 Total Under Construction 2,463 252 325 1001 South Park View Street 138 88 87 328 South Park View Street 65 337 129 35 1 83 Newshire 56 335 1000 Vermont 228 43 55 247 130 84 Westmoreland Avenue 87 336 1047 Fedora Street 50 85 28 137 124 85 Wilshire Center - Koreatown 61 337 3440 Wilshire Blvd 640 141 86 550 South Vermont 246 338 933 Ardmore 54 146 131 133 340 140 87 3255 Wilshire Blvd 240 339 Arapahoe Street 173 33 139 62 88 635 South Western Avenue 132 340 The Parks in LA 251 248 249 132 117 117 733 Park View Residences 266 342 Soul 256 63 36 118 118 825 South Coronado Street 77 343 Vermont Avenue 250 22 83 119 The Grandview 60 344 Manhattan on 6th 51 119 338 124 668 South Coronado Street 122 345 Western Avenue 73 134 328 126
    [Show full text]
  • IV. Environmental Impact Analysis I.1 Public Services—Police Protection
    IV. Environmental Impact Analysis I.1 Public Services—Police Protection 1. Introduction This section of the Draft EIR describes existing police protection services within the Project area and provides an analysis of the Project’s potential impacts to these services. The focus of the analysis is the Los Angeles Police Department (LAPD) facilities that currently serve the Project Site and the ability of the LAPD to provide adequate police protection services to the Project and throughout the service area. This section is based, in part, on correspondence with information provided by the LAPD’s Community Relationship Division, which is included in Appendix G of this Draft EIR. 2. Environmental Setting a. Regulatory Framework Several plans, regulations, and programs include policies, requirements, and guidelines regarding police protection and emergency services in the State and City of Los Angeles (City). As described below, these plans and guidelines include the California Vehicle Code (CVC), City of Los Angeles General Plan Framework, City of Los Angeles Charter and Administrative and Municipal Codes, and Central City Community Plan. (1) State (a) California Vehicle Code Section 21806 of the CVC pertains to emergency vehicles responding to Code 3 incidents/calls.1 This section of the CVC states the following: Upon the immediate approach of an authorized emergency vehicle which is sounding a siren and which has at least one lighted lamp exhibiting red light 1 A Code 3 response to any emergency may be initiated when one or more of the following elements are present: a serious public hazard, an immediate pursuit, preservation of life, a serious crime in progress, and prevention of a serious crime.
    [Show full text]