The Los Angeles Conservancy finds 4,255 housing units are being developed in downtown's older and historic buildings, in at least 35 separate projects.
The Broadway Initiative's report, "Housing Conversion in Downtown Los Angeles", summarizes detailed information collected for a new Downtown Housing Database on proposed "adaptive reuse" projects (projects that convert underutilized former office buildings to housing). Among the reports findings are the following:· Two-thirds of the adaptive reuse projects are located in the Historic Downtown area (generally defined as the area from Hill Street to Los Angeles Street, and Second Street to Olympic Boulevard);· The median of the proposed market-rate rents for the projects in development is $1.75 per square foot. While these rents are relatively high, one-third of the projects plan to provide affordable housing, through the use of Low-Income Housing Tax Credits. [Editor's note: This link is to a 1 MB PDF file.]
Thanks to Los Angeles Conservancy Modern Committee
FULL STORY: Housing Conversion in Downtown Los Angeles
Pennsylvania Mall Conversion Bill Passes House
If passed, the bill would promote the adaptive reuse of defunct commercial buildings.
Planning for Accessibility: Proximity is More Important than Mobility
Accessibility-based planning minimizes the distance that people must travel to reach desired services and activities. Measured this way, increased density can provide more total benefits than increased speeds.
World's Largest Wildlife Overpass In the Works in Los Angeles County
Caltrans will soon close half of the 101 Freeway in order to continue construction of the Wallis Annenberg Wildlife Crossing near Agoura Hills in Los Angeles County.
Eviction Looms for Low-Income Tenants as Rent Debt Rises
Nonprofit housing operators across the country face almost $10 billion in rent debt.
Brightline West Breaks Ground
The high-speed rail line will link Las Vegas and the Los Angeles area.
Colorado Bans No-Fault Evictions
In most cases, landlords must provide a just cause for evicting tenants.
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