Is Downtown L.A. Headed For A Condo Glut?

"At 76 stories, the taller of two planned towers would dramatically alter the city's skyline and rival in height the U.S. Bank office skyscraper. The project, named Park Fifth, also calls for a 14-story five-star hotel. It will front on the park, as does the historic Biltmore Hotel catty-cornered to the planned development.

The project joins several other massive downtown developments planned from Staples Center to Bunker Hill...The project is drawing its doubters from people who wonder whether there is a market for another huge housing complex downtown."