Ive been waiting to see what Barry Shy had in store for downtown L.A. Well, here it is and its quite a story. Hill Tower Lofts in the picture below: One of three new ground-up towers proposed for the Historic Core are set to break ground as soon as late 2015 (Photo: David Takacs Architecture) The trio of high-rises (more detailed info below) will be spearheaded by downtown developer Barry Shy who pretty much owns at least half of the residential buildings along Spring Street (SB Tower, SB Manhattan, etc.). The Historic Core in Downtown LA is where it all started after the adaptive-reuse ordinance was passed in 1999. Developer Tom Gilmore first took advantage of the new ordinance and converted three vacant and dilapidated historic buildings into 230 live/work lofts in what is now known as the Old Bank District at 4th and Main. It’s definitely come a long way since 1999. Over the last 15 years, the Historic Core — with its massive stock of, what else, historic buildings — has become a mixed-use residential hub with increasing numbers of restaurants, bars, and yes, even retail. Now that a good chunk of historic structures has been converted to mostly housing, it’s only logical for the next step in Downtown LA’s evolution toward urban maturity to begin building new ground-up projects as well that will help fill in those surface parking lots that have disrupted the urban fabric with its negative, anti-walking sprawling effects. Now, the exciting continuation of the Historic Core’s revitalization includes three new proposed high-rises set to break ground in the next year: the 38-story SB Omega, the 15-story Broadway Lofts, and the 33-story Hill Tower Lofts.
Posted on: Mon, 18 Aug 2014 23:39:55 +0000
Trending Topics
Recently Viewed Topics
© 2015