Development
Development
A mixed-use Costco, low-income housing development breaks ground in South LA
September 18, 2024 | CBS News
City and state leaders celebrated the groundbreaking of a South Los Angeles 800-apartment-unit complex to be built above a new Costco, with 184 units dedicated to low-income housing.
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State awards $238M for affordable housing developments in L.A. County
August 26, 2024 | https://la.urbanize.city/post/state-awards-238m-affordable-housing-developments-la-county
Last week, Governor Newsom announced the awarding of more than $789 million in state cap-and-trade funds for affordable housing across the state. That money will go to 24 projects in 20 different communities, creating a combined total of 2,483 new homes.
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New Housing Organization Announces First Development
August 15, 2024 | Affordable Housing Finance
Our Lady Queen of Angels Housing Alliance, a new Los Angeles-based affordable housing initiative, has announced its executive director and first development project.
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Nine-story affordable housing development proposed at 920 S. La Brea Avenue
August 15, 2024 | Urbanize LA
A shuttered car rental business in the Mid-Wilshire area could give way to affordable housing via the Mayor's Executive Directive 1, according to plans submitted recently to the City of Los Angeles.
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Hotel Indigo under construction at 515 N. Central Ave. in Glendale
August 2, 2024 | Urbanize LA
The site of a shuttered Burger King restaurant at Central Avenue and Doran Street in Downtown Glendale has made way for the construction of a new hotel. The new Hotel Indigo, a project from VK Group, was approved in 2020 by the Glendale City Council. The project at 515 N. Central Avenue calls for the construction of a seven-story building featuring 142 guest rooms, as well as amenities such as a pool deck, a fitness room, meeting rooms, and a 137-car underground garage.
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City Planning Commission approves Koreatown hotel project at 3216 W. 8th Street
July 11, 2024 | URBANIZE
A proposal which would bring a new hotel and apartments to a corner lot in Koreatown is moving forward. At its meeting on July 11, the Los Angeles City Planning Commission voted to approve plans from applicant Mike Barry which would redevelop a property at 3216 W. 8th Street with a new seven-story building which would feature a 60-room hotel, 20 apartments, and 3,950 square feet of ground-floor commercial uses. Plans also call for a three-level, 71-car subterranean parking garage.
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Edwards, Thomas Slatkin score $400M refi on Santa Monica hotels
July 9, 2024 | The Real Deal
The Slatkin brothers, Edward and Thomas, have refinanced two of their marquee hotels in Santa Monica, with $400 million in new debt. The Slatkins, who run Edward Thomas Collections, scored a $280 million loan to back the 198-key Shutters on the Beach and the 129-room Casa del Mar Hotel by the Sea, plus a $120 million mezzanine loan, according to a report from ratings agency Moody’s.
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LA’s shimmer Bonaventure hotel, and the future that never came
June 20, 2024 | SF Gate
In 1978, a stainless steel gull-winged sports car was brought to Los Angeles, a prototype in search of investors. The futuristic ride, built by John DeLorean, needed an equally forward-thinking backdrop to showcase its one-of-a-kind entrance into the automobile market. That same year, the movie “Buck Rogers in the 25th Century” was in production, and the director was desperately looking for a location that could stand in for LA circa the year 2491.
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