Slowdown in Hollywood

Lots of projects remain on the boards, but Curbed L.A.'s Dakota Smith says much of the actual construction has been put off, mostly because of financial difficulties. Projects with the most traction are focused on offices, hotels, and affordable housing. "No one is talking about doing condos," Franco Pacelli, senior real estate development at the Community Redevelopment Agency, told Smith. The CRA is the city agency that works with developers.

The most interesting tidbits: Developer NCA/Commonfund (same developer behind the Palladium renovation), now wants to build a hotel at Argyle and Selma (originally they'd proposed residential units), the Old Spaghetti Factory project proposed by Portland-based Gerding Edlen is being held up by a lawsuit, and 8252 Sunset, site of a rental building and future commercial space will continue to look chewed up in the short term.

The post lays out projects that are moving forward (in some fashion or form) or those that are definitely on hold.

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Mark Lacter
Mark Lacter created the LA Biz Observed blog in 2006. He posted until the day before his death on Nov. 13, 2013.
Mark Lacter, business writer and editor was 59
The multi-talented Mark Lacter
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