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Old 04-03-2009, 10:02 PM
 
Location: los angeles
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Two new towers are scheduled to be constructed downtown by a South Korean company. What do you think of the design? One tower will replace the Hilton hotel.


http://www.latimes.com/business/la-f...,5365908.story
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Old 04-04-2009, 01:06 AM
 
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I heard one will be 60 stories and the other 40 stories- but how tall in feet will they be?
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Old 04-04-2009, 02:30 AM
 
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Looks pretty nice,I'll take just about whatever they're willing to build lol.
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Old 04-04-2009, 05:19 AM
 
Location: Riverside
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<<I heard one will be 60 stories and the other 40 stories- but how tall in feet will they be?>>

Dunno, but in the rendition, the tall building in the foreground with the lights on top, 601 S. Figueroa, is 54 fls/718 ft. If the drawing is at all to scale, the higher tower looks to be in the 800-850 ft range. If the spire survives design revisions, the Korean Air Tower may become the city's tallest building (measured from the top of the spire, anyway). Cool design, hope it gets built.
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Old 04-04-2009, 08:01 AM
 
Location: Mission Viejo, CA
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It would be nice if they built it on one of the ugly parking lots instead, but I realize the company already owns the Wilshire Grand Hotel so they already have land there. I certainly think L.A. can't be too picky with regards to which skyscrapers are going up. It will add to the density of the skyline and looks like they will be two nice buildings. They aren't revolutionary designs, but they will still look nice. It does look a little bit like the under construction Bank of America tower in NYC.
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Old 04-04-2009, 09:18 AM
 
Location: los angeles
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Evidently Korean Corp has the $ and construction costs are actually lower in this depression. Today's paper mentioned 5 other projects waiting to start [including Gehry\ Grand St building]. I think the banks are being forced by Obama to lend $ again
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Old 04-04-2009, 11:39 AM
 
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Quote:
Originally Posted by happ View Post
Evidently Korean Corp has the $ and construction costs are actually lower in this depression. Today's paper mentioned 5 other projects waiting to start [including Gehry\ Grand St building]. I think the banks are being forced by Obama to lend $ again

Banks never stopped lending.
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Old 04-04-2009, 11:42 AM
 
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I wonder what kind of rent rates these buildings will need to get to make a profit? Commercial real estate is about to enter it's own turmoil, which will drive down rent rates. My guess is these buildings will be money losers. I just don't see that much demand for high-end commercial space.
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Old 04-04-2009, 02:02 PM
 
Location: los angeles
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Originally Posted by motoman View Post
I wonder what kind of rent rates these buildings will need to get to make a profit? Commercial real estate is about to enter it's own turmoil, which will drive down rent rates. My guess is these buildings will be money losers. I just don't see that much demand for high-end commercial space.
Agree with you, yet the article indicates that construction now will offset current down-turn. Being vacate now may not be the case when the Korean towers are completed in 2011.
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Old 04-04-2009, 04:14 PM
 
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The Korean-built tower on Wilshire and Western is nearing completion and it's a really nice building (from the outside).

Those two towers look pretty nice too. Nothing earthshattering but they fit the skyline well.
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