Chinatown Condo Project Is Go!
LA City Council has approved of the Chinatown Condo project. This project seeks to convert the barren industrial land north of Chinatown into a mixed use green space consisting of condos, shops, and green space. The project perfectly integrates with the LA River project, which hopes to make all the industrial land adjacent to the River into green space for residents to enjoy. City Planner Tom Rothman opined,"We really worked together to make this a very pedestrian-friendly, mixed-use development that would complement the area."
"I think it's one of those signature landmark projects that speaks to our ability to incorporate green building standards while at the same time creating a stronger community base," said Councilman Ed Reyes.
Well folks, despite the downturn in other parts of the country, it appears that LA will continue its march forward to improve Downtown to make THE PLACE to buy a condo or loft.
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This blog entry currently has 5 comments posted.
Surge
Wow, I'm really impressed at the pace of change the city council has undertaken. Normally, cities take forever to unify a common goal. It appears they are truly serious about making LA into a more family friendly urban area. Next steps: more schools, day care and most importantly, affordable units. I agree with Marie, current prices are a bit tough for first time families who want to live in a loft or condo downtown.
dave
Dont forget mass transit solutions. LA needs to improve their taxi service as well as intra city busing. Move parking to the perimeter of the city and make taxis/buses the way to go within the city. Also, running a metro line from downtown LA to the Westside would solve huge congestion issues along the 10 and Wilshire.
Quinn
I love that residents can just walk to some of the most delicious late night snacks in Downtown! A little dim sum for breakfast on the weekend. I'm really looking forward to seeing how these condos add some much needed eclectic electricity to the development slate for downtown.
Quinn
Surge, I've spoken to the LA's planner, and she's responsible for San Diego's revitalization over the last 10 years. She's pretty amazing. She is very intent on turning LA around in 5 years, not 10. With the city council behind her as well as the mayor, things are moving pretty quick. Maybe too quick, because I know that homeless advocates can hardly keep up with the pace of change in the Historic District areas nearby former homeless refuges. Progress appears to be steamrolling protests.
Marie
I see that area all the time on the Goldline to Pasadena. That place is a dump and I'm glad they're revitalizing it. It's a sad eyesore. Downtown Los Angeles is changing so much, and for the better. I hope the lofts in Chinatown are a bit more affordable than the stuff going up in the financial district. $600,000 for a 1 bedroom loft is outrageous!