Monday, June 9, 2014

Downtown LA Development Takes a New Turn

In the last decade, rapid construction and redevelopment ofthe historic downtown core of Los Angeles has spread, first to the West toward the Wilshire area West of the 110 freeway, and then to the East toward the Los Angeles River. But now the plans for a giant new development called SoLA Village has brought redevelopment growth in a new direction, South of the 10 Freeway at Washington Boulevard.  The development project moves into an area that has been overlooked until now, and will bring a 19-story hotel and condo towers of 32 and 35 stories with its 1.66 million square foot construction plan.

Hunter Communications Original News Source:

Link to article:

Excerpt: ""Whoa" comes to mind at these very tall designs for SoLA Village, the massive, $1-billion development that could be heading for two parking lots near the Reef Building (formerly known as the LA Mart), just outside of Downtown in Historic South-Central. The 1.66-million-square-foot development is just south of Washington Boulevard on either side of Broadway—an area that, in sharp contrast to its neighbors just north of the freeway (South Park, DTLA), has been pretty overlooked in terms of big-time fancy development.

We just reported that the project, being developed by the Reef people, would include a 208-room hotel, nearly 1,500 residential units, retail, restaurants and bars, and a grocery store, which is pretty big news for this part of town. Today, the ante's been upped. The hotel, we now learn, will be 19 stories tall. And of the 1,449 residential units will be spread across two condo towers of 32 and 35 stories!, according to the LA Times.

SoLA Village's condo towers will hold 900 units; there will also be 549 apartments (in low- and mid-rise buildings; sorry renters), including 21 live/work spaces that will likely be aimed at the creative types that the art- and design-focused Reef Building caters to. (Even at this early stage, developers are planning for an art gallery.) There will also be a heaping helping of outdoor space in the form of public plazas, courtyards, and patios to entice pedestrians. As predicted, developers are hoping to promote usage of the nearby Blue Line on Washington Boulevard, doing so through a bike share program and dedicated bike spaces for apartment- and condo-dwellers."

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