Inside the $1BN Skyscrapers Frozen in Time - Oceanwide Plaza

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The Oceanwide Plaza towers, once set to be the largest mixed-use development in downtown LA, have faced numerous challenges, including poor US-China relations and a volatile real estate market. Construction began in 2015 but halted multiple times due to financial issues and lawsuits. By 2023, the project faced foreclosure and was listed for sale, needing significant investment to complete. Vandalism and graffiti in 2023/2024 further tarnished its reputation. Despite its uncertain future, there's hope that a new buyer can transform the site to meet current real estate demands, possibly involving smaller apartments and rethinking retail space.
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26 июл 2024

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Комментарии : 176

@mattk741 15 дней назад

So is this why the skyscraper is still under construction in GTA 5, after 11 years?

@stunnasaad 4 дня назад

exactly what i was thinking lmao

@Poop_Scoop71 День назад

Lol yea. But i think the one in GTA 5 is modeled after JW Marriot hotel which is a few blocks away since it resembles it close to design as well as the time the building was being built closely matched the time which GTA 5 was in early development around 2009-2010.

@eddiec9756 17 дней назад

Angeleno here, I've been going to Anime Expo at the Convention Center since 2013 and have slowly watched the space go from parking lot to skyscraper. I didn't go to AX from 2018 to 2023. This year when I went I thought how is the eye sore still not done?! I always saw it as a bad imitation of Times Square and that luxury apartments were the wrong choice with the current state of housing in LA.

@chicken_stewer5432 16 дней назад

Sitting there at Kisegi line, I've thought of "wow, huge building". After seeing the proposed plan for the ground floor to be a retail/food center, I think it'll be the best decision

@dinosaurus4189 14 дней назад

I also there and thought - wasn't all that graffiti supposed to be cleaned up?

@chivasluis1 4 дня назад

Shut up

@pavelromanenko3718 День назад

When the state has an AFFORDABLE housing crisis, luxury apartments are opposite of what is needed. Enough with this trickle down theory that if you create a glut of luxury apartments then prices will tumble. Real estate investors aren't stupid enough to overbuild to the point of diminishing returns on their investment, they cut back on building when forecasting downturns in the market.

@crosslink1493 21 день назад

Good overview. The longer that sits in limbo, the more likely its going to be demolished. The last time I drove by it still had missing glass panels (normal at new construction sites for ventilation during the day) so that's letting in the environment to deteriorate all the internal structure - rain, humidity, sun & heat, birds and other animals. Toss in the graffiti and interior vandalism (stripping out materials for scrap value is a biggie problem in L.A. right now) and I'd bet its going to be a demo project. Best thing the City of L.A. could do is force the developer into bankruptcy to sell it, or take it over themselves through eminent domain (a proper use of this tactic) and sell it to a new developer for whatever they can get for it.

@user-hi4vw9mu5o 16 дней назад

The developer is in china, good luck. LA is stuck with this brick.

@eegernades 2 дня назад

@@user-hi4vw9mu5o fucking hell man. This sucks

@shelbynamels7948 День назад

You are on the nose except for your suggestion on what to do with it. Do the math. The project is essentially worthless. If the city wanted to take it over, they would have taken steps by now. But they know that it then becomes their problem, and they will have to spend a lot more taxpayer money than the 5-7 million they have authorized so far for the upgraded fence. Also, if any trespasser - tagger, slackliner, base jumper - gets hurt or dies, the city will be liable. So no, the city won't do a thing about this project other than having LAPD babysit it around the clock, - while literally a stone's throw away people are getting shot and killed by thieves stealing Cat converters off of vehicles.

@finned958 22 дня назад

Courtesy of Chinese developers, we got our own rotten tail buildings.

@michaelbailey5257 19 дней назад

Courtesy of the US, the planet is full of carbon in the atmosphere. Courtesy of your mom, kids today lack critical thinking skills.

@cassiocm 16 дней назад

Let's not forget the fear mongering against China by the US government. That's the narrative being pushed these days

@trvst5938 18 дней назад

These sky scrapers are always dick measuring contests. LA needs super blocks like those in Barcelona so they can create green corridors, plant trees and cool down areas where only pedestrians can access. It’ll improve our walkability and business growth. LA’s city planners need to see what actually works in other cities. 🤦‍♂️

@jr-inlasveg1885 14 дней назад

Unfortunately these kind of high rise developments is a financial markets /funding and investment problem more than city planning. Most project like this would be deviating from some zoning codes which usually allow mid rise building which is less profitable, but also allows developers to request larger projects with city council support

@erfquake1 15 дней назад

As a native east-coaster who moved to LA for 20 years and thankfully got-the-hell out, I could never figure out why LA always seemed to prioritize its own urban architectural demise at every opportunity. Downtown LA's got some amazing old buildings and seems to despise them, preferring developments like this and other quazi-fascist, hermetically-sealed public spaces that never seem to work because those involved are only invested in the process and the target corporate tenants, never its success as an actual place. Santa Monica Place is a good example. "I know why the mall failed. Let's destroy it & build the exact same thing except leave out the roof & add in curved walls. Then people will buy $50 T-shirts again."

@joekulik999 6 дней назад

This whole project is out of step with the current bad economic times. Who can afford to live & shop in a place like that ??? NO one who I know.

@Alexwhatisit 5 дней назад

Because the people who want to build them don't give a fuck about our historical landmarks. The developers of this project wasn't even American.

@albasar617 4 дня назад

We angelinos can't stand the beautiful art deco style of our old buildings(city hall being the best example). We love building soulless warehouses with glass stairwells with big tv's outside to pretend we're futuristic and convince ourselves we don't suck ass

@ezdeezytube 4 дня назад

"quazi-fascist" smh. You sound LA alright

@albasar617 4 дня назад

@@ezdeezytube it's called sarcasm

@Kodakcompactdisc 25 дней назад

Abandoned buildings are so fascinating

@geofflepper3207 21 день назад

Years ago my friend she had traveled to Detroit to take a tour of abandoned buildings in the city. That apparently was a regular tour given in the city at the time. No offense to Detroit - may it prosper again.

@Kodakcompactdisc 21 день назад

@@geofflepper3207 lots of old car factories to investigate there, I must go sometime.

@SwinkMcloud 23 дня назад

Lots of Angelenos familiar with downtown and the real estate market thought this project was way too big for the area and any potential market and questioned its viability back in 2014.

@spencer6044 7 дней назад

How is the project too big for the area? It’s downtown LA…

@JeremyMontejo16 7 дней назад

Top 2 Luxe hotel Cagayan de Oro city Philippines Mmmmnnj

@brianjohnson8616 10 дней назад

I helped build this building and still shocked and saddened how it turned out. I invested a few years of my life and many miles on my car driving in and out of LA everyday. There should be nothing wrong with the structural integrity of the building as it was 70% complete before we were told we had to pull off the job due to unpaid work. The buildings now have to be gutted due to vandalism. At one point, I heard that they had already sold many of the luxury residences towards the top of each tower. Each of those residences were worth millions. I am curious what happened to those potential owners? it’s crazy to think about the heavy financial repercussions of this project. The retail podium level may have had retailers invest in each space they were slated to lease. One of the towers was supposed to be a hotel too. This is a great example of why we should not allow foreign ownership of US property.

@philbuck365 5 дней назад

I didn’t know you worked on that project . I think they were referring to the upper levels that were not finished that were structurally unsound. Looks like most of the graffiti is on the windows . That’s not to hard to clean.

@brianjohnson8616 5 дней назад

Depends on how bad the vandalism has been and if new ownership (when someone finally buys it with intent to finish or demo) is okay with the results of detailed inspections, testing, and age of the existing infrastructure, because that company will be on the hook and liable for anything that fails once they have tenants occupy the space.

@sz1990yj 20 дней назад

This project is not about the investment itself. It is for the eb5 program for green card.

@stickynorth 28 дней назад

Great video. As an architecture/skyscraper fan it hurts to see such buildings rot away in the skyline like it was Caracas or Baghdad especially at one of the most prominent sites in America, across the street from the Staples Centre and LA Convention Centre... It would be nice to see a private-public partnership to add hotels, AFFORDABLE housing and more upmarket options to give it an economically balanced traffic base on which to fill the base retail units... Honestly this is where a bit MORE government intervention is probably warranted..

@michaelellringer5600 26 дней назад

You forgot Las Vegas. When an recession hits, all construction comes to a halt. The Fountainbleu came to halt 10 years ago and they finally finished it, all 64 floors.

@tevanstremel 7 дней назад

What is affordable housing? I hear that term get thrown around a lot.

@robertkalmey5270 7 дней назад

"Like it was Caracas or Baghdad"? IT IS CARACAS AND BAGHDAD, let's get serious.

@shelbynamels7948 7 дней назад

@@tevanstremel Financial advisors always recommend housing costs should not exceed a certain percentage of income. 'Affordable housing' would mean monthly housing payments that do not exceed a certain amount based on median incomes in a demographic area. Depending on census tracts, in LA that would mean something like $1800 - 2000 a month for a 1BR/1Ba, I suppose.

@emptiester 2 дня назад

@@tevanstremelits a subsidized extortion and money laundering scheme.

@jamesdellaneve9005 4 дня назад

Can you imagine parking near there? 45 minutes of driving around for dinner.

@heartoftherobot 20 дней назад

Bustling downtown…. 😅

@Baaddu 24 дня назад

Anyone buying that development would be wise to have engineers thoroughly inspect the structure and foundation to make sure it’s not typical Chinese tofu dreg construction and materials

@shelbynamels7948 7 дней назад

Nonsense, The lead contractor is Lendlease. They have a good reputation, and they are still in business. They know any sub-par work would come back them and hurt them. Also, say what you what about the LA Building Dept. they are not as open to bribery as their Chinese counterparts might be.

@stonephilips9361 2 дня назад

Great another feather in our cap! I’m sure the homeless populations will appreciate it.

@shadoeparque 16 часов назад

Having grown up here in Los Angeles I remember many of the stalled projects that languished for decades in the 80s, this has the same feeling of some of the projects that were just gathering dust, It will be a nice land mark to rep the city if they just invite graf artist to paint the towers and make it a statement of urban art rather than corporate greed and our politician's blatant corruption.

@shelbynamels7948 7 дней назад

Keep in mind, while the LAPD was providing around the clock security to this project, the TV actor Johnny WActor was killed by people trying to steal the CAT converter off his vehicle just a ston'es throw from Oceanwide.

@tubby_1278 23 дня назад

I liked the vision and was excited to see it come to fruition but yes very sad to see the current state 😔 Someone should buy it soon. The longer it it sits like that the more of a hazard it can pose to the rest of public. A project like this could've really revitalized Downtown LA and LA Live in general. I hope it does get finished..if not? The 53 story tower could still become a hotel. The 2 smaller 40 story towers could be transformed into single family apartments. The bottom levels could include a gym, a grocery store, schools/daycares, day spas, salons, or some sort of social space for residents.

@shelbynamels7948 7 дней назад

Funny how you suggest uses for this project that were exactly as it was envisioned a decade ago. The market has shifted since then. Your suggestions are outdated.

@tubby_1278 День назад

@@shelbynamels7948 How is it outdated? Lol with LA's continously growing population they need to not only build up, but maximize space as much as possible.

@shelbynamels7948 День назад

@@tubby_1278 it is outdated, but not for the reasons you suggest. INstead of luxury apartments of a certain size, the market needs smaller apartments that are more affordable. When the project was conceived, WFH and large-scale online shopping wasn't a thing. Now every shop has to fight for its existence against Amazon and Temu, making retail a challenge in a location like Oceanwide. Check out real estate deals on similar properties in the area over the last half year or so. They all had to offer significant discounts from asking price. Costar is a good news source, but they are behind a paywall, unfortunately.

@bigdefense777 6 дней назад

Great video - this has become an absolute eye sore

@MrWphilips 25 дней назад

Building this expensive complex within a marginal neighborhood is perhaps a very bad investment! Crime and gang activity is very common and present surrounding this area! Any potential convention and retail activity is on a significant decline in the general downtown area! Vandalism is an indisputable indication of eventual failure!

@eegernades 2 дня назад

Unless youre anime expo apparently. Tickets always sell out.

@pw4780 4 дня назад

Their San Francisco tower only got as far as the foundation. 😂

@DarkMerchant2222 5 дней назад

Every time I go to downtown, which is weekly, it’s always an eyesore to see these buildings unfinished. The city really should buy the property and convert it for housing to bid off to potential buyers.

@shelbynamels7948 День назад

you don't know what you are talking about. read my comment above. Nobody should post with suggestions like yours.

@lookylook570 17 дней назад

Last place I would want to live, can you say projects…

@nilebabes 26 дней назад

Hopefully all these project that are beneficial to the community gets done

@RoLE777 26 дней назад

It will in the next decade… Looks like LA took a page out of Miami DT book… So ill guess theyll continue to complete these future renderings in 2030s

@carypyke935 28 дней назад

Good video...sad state of affairs

@copiedoften5927 19 дней назад

Ocean Wide almost sounds like Open Wide. 😂

@Arizona9001 7 дней назад

They stopped because one dude got sick with LIGMA. 💀

@hatemmamony1213 28 дней назад

informative and well researched!! Thanks

@buckshot6481 21 день назад

South Park ? Sounds right 😂

@you2be839 18 дней назад

Wow, and here I was thinking that 7-8 floor residential building with construction halted for years nearby my neighborhood of a small city of 200.000 people was a very bad thing, and yet, here we have 3 skyscrapers over 40 floors aspiring to be the Ryugyong of downtown LA... what an eyesore for those living nearby! And I know next to nothing regarding skyscraper building legislation, but I'm pretty sure someone should be responsible for finishing building what they've started!...

@shelbynamels7948 7 дней назад

Do a search for video on Yt around this subject and you will find there are a number of similar projects around the US. What sets the Oceanwide Plaza apart is that it was tagged top to bottom within sight of the cameras broadcasting the Emmys - and this embarrassing eyesore - to a global audience. Before that it had already been sitting empty, but without the graffiti it just looked like any old construction project with reduced activity.

@Kni0002 21 день назад

Wow just like gta 5, the never finished tower

@horsesrlife5311 7 дней назад

was looking for this

@unknownplauer9941 9 дней назад

Now i know why gta has an unfinished building

@austinreeves5221 8 дней назад

Imagine how many people live in it

@MariahWyattBraxton 26 дней назад

I hope an investor comes and modifies it.

@shelbynamels7948 7 дней назад

Who would be so stupid to throw good money after bad??

@thetommantom 14 дней назад

And then look at what we just did in Cleveland put all those in one building taller and bigger and just finished barely even noticed they did it so fast

@ACE-fr8sf 6 дней назад

They want New York LA and other cities to be like Dubai 😂

@formatcomponent6066 6 дней назад

I used to live in the Met Lofts across the street from this mess. Whats remarkable to me is that these could be used to house the legions of homeless that sleep directly in its shadow. Priorities I guess…

@shelbynamels7948 День назад

No, they couldn't. Stop posting nonsense.

@sfdko3291 18 дней назад

all these projects involve creating a small downtown area within it's architecture.

@be2keen 6 дней назад

CA needs a better governor. And the development is Chinese-style. Should be more like European-style and more walkable.

@PAVEL-JAKL 19 дней назад

Graffity towers

@Shawnbfromsd 17 дней назад

This is Pacifica from Cyberpunk 2077.

@aeipee13 8 дней назад

How in the ping-pong did LA city council members get into this development!?! There couldn't be corrupt city officials involved...

@shelbynamels7948 7 дней назад

Herb Wesson.

@zzzsmoovie9584 25 дней назад

Downtown LA is the ghetto. Why would you build billion dollar skyscrapers in the ghetto?

@Peewyld 22 дня назад

… to make it not the ghetto!! In Chicago they have fully gentrified the former Cabrini green projects into probably the most expensive area in the city. Expensive but very walkable and livable. The same could easily be done to downtown LA. Now the difference between the two is Cabrini green was a real “ghetto” where no wealth could be found. downtown LA has million dollar condos all over mixed in with the homeless so this project while huge could have easily blended into the area. I don’t think one could describe Downtown LA as a ghetto due to the cost of living. The people you see on the streets are not “residents” so to speak so all it would take is some harsh new laws and all of a sudden things change. First things first, make it a felony to camp downtown and send those who are compliant to the desert and those who fight to jail. There you have it no longer a ghetto

@grddavis 20 дней назад

@@Peewyldfor mayor

@yelnatsch517 9 дней назад

To be more accurate, it’s a weird mix of ghetto and high end luxury. Studio apartments in LA go for $2500+/ month on the lowest end. The nicer ones are over $3500+/ month. The ghetto are the places that aren’t gentrified because of stupid policies passed by even dumber LA politicians. Believe it or not, pre pandemic, DTLA real estate was getting more expensive than west LA.

@shelbynamels7948 7 дней назад

I guess a project like Oceanwide would work if it were fully integrated and you would never have to be in contact with the homeless and urban poor as you go about your daily business. In other words, most everything you need, shopping, entertaining, etc. is within the project and access only provided to residents. Sort of like a gated community.

@jamesdellaneve9005 4 дня назад

The intractable homeless problem was settled in 2 weeks when Ping came for a visit. The crapulance is a choice.

@PelosiStockPortfolio 16 дней назад

I wonder how they will disguise these during the 2028 olympics

@jbdominate 24 дня назад

Apple should buy it.

@shelbynamels7948 День назад

for what purpose??

@jbdominate День назад

@@shelbynamels7948 their LA headquarters maybe. They have the most money out of all other companies so it makes sense. Another company just bought it tho so this did not age well

@tsicby 24 дня назад

Chinese money is dumb money. Nobody wants to live in downtown LA. They want to live on the west side. There must be a dozen similar developments in Dallas under construction right now but in areas where everyone wants to live or stay and no silly malls or garish LED screens. Just classy buildings with nice walkable landscaped spaces to enjoy so they have no trouble selling them out. LA is saturated with mini-malls which I could never figure out because it has such great weather. Who wants to shop indoors?

@kiddadd 23 дня назад

Stop it. Dallas is horrid.

@AgentAO7 22 дня назад

Who wants to shop indoors? Everybody! That’s why shopping malls are very successful in so many countries.

@finned958 22 дня назад

Nobody shops when the stores close from shoplifting and looting. LA is a mess. This development is in a city in decline.

@AbimaelLopez-hz3qq 12 дней назад

@@AgentAO7some malls are closing in some Asian countries because people buy stuff online

@devinheiner5692 17 дней назад

This isn’t even a discussion

@HoldLeadersAccountable 9 дней назад

This better become housing ASAP we need more housing here and better public transportation, metro needs more help!!

@handsomeman-pm9vy 6 дней назад

My advice is to leave California.

@johnl.7754 28 дней назад

The original plans looked nice.

@joemanflyer2001 5 дней назад

I don’t know how anybody could spend that type of money for a condo in that area. If you go two or three blocks in any directions, it’s crap.

@shelbynamels7948 День назад

If everything needed is on site, you never have to leave the place. S0rt of a gated community.

@joemanflyer2001 День назад

@@shelbynamels7948 would you like a gated community in the middle of Compton ?

20 дней назад

The main reason it will not be a success is because its in downtown LA ...

@davzaieli 8 дней назад

I thought Rick Caruso was all about LA, why hasn’t he stepped up?

@shelbynamels7948 7 дней назад

Because he isn't stupid and not in the habit of losing money.

@davzaieli 5 дней назад

@@shelbynamels7948 So, like you, he has zero faith in LA.

@davzaieli 5 дней назад

And yes, a major component of real estate development is speculation - in other words, faith.

@shelbynamels7948 5 дней назад

@@davzaieli We're talking about the Oceanwide Plaza. Let's not stray too far from topic.

@NodOFFBoys 16 дней назад

cant wait to get me a baddie on fig

@JohnMatthew1 6 дней назад

Ah Graffiti towers ROFL ROFL Our leaders SUCK!

@l.a.crenshaw5952 16 дней назад

Always the same stupid boring projects, with these ugly mega shopping malls, its about time it fails. its time for something completely different.

@xenalarsniewold5607 28 дней назад

if they ever finish the building they should incorporate some of it into the design if they sort out the offensive stuff.

@KOSAMAGAMES 17 дней назад

LA won't be proud of because the city in large part takes from its poorest areas and funnels money to the city center. Just look at Wilmington or Panorama City (not an actual city), both neighborhoods in the city of Los Angeles. Both really struggling while a $1 billion or more sit waiting in a part of the city that most of the resident will never use. Unlike most cities in LACOUNTY the taxes are not kept where they are raised and instead are used to mismanage all of LACITY's failed developments. All the time, lobbying, and money wasted when Sylmar still hasn't received it's promised fire station. But even still the city residents are too dumb to allow the city to break apart and potential flourish like many other cities in the county. Letting the neighborhoods decide their futures.

@ubermenschen3636 10 дней назад

@ 8:50 , Why did Oceanside abandoned this project? California is known to be a hostile State to do business. The International investors pulled out after LA City passed the “Mansion Tax” which taxes the transfer of real estate within the City. Like many of California ‘s big cities LA City politic is dominated by labor unions, especially government workers’ labor unions. LA City is under pressure to generate more taxes by devious ruses to pay the generous labor contracts because Prop 13 severely limited LACity’s ability to raise property tax. Since Oceanside condo is priced in the luxury market, the buyer or seller will paid an additional 5% Mansion tax on top of the 6% real estate commission. That 11% additional overhead is like the iceberg blocking the Titanic. LA City is dead. Courtesy of corrupt politicians signing generous labor contracts with Police ,Fire fighters, and other labor unions. California has the highest and most numerous taxes in the Union. LA City’s money grab is another mail on the coffin of South California- many wealthy people have stampeded out of California. Consequently, California has lost $25 million taxes during the past 2 years despite the socialist politicians levying additional new taxes.

@yelnatsch517 9 дней назад

That’s what happens when we get people wholly unqualified to run the city. It’s literally the blind leading the blind out here.

@spikedpsycho2383 7 дней назад

What you don't mention, is the foreign investors are Chinese and wanted curb costs by sacrificing build/safety quality

@yelnatsch517 7 дней назад

@@spikedpsycho2383 how so? The building was already under construction so that means all engineering designs have been permitted.

@shelbynamels7948 7 дней назад

Good way of conflating three issues, none of which have anything to do with Ocean Wide. You have no idea what you are talking about.

@shelbynamels7948 7 дней назад

@@spikedpsycho2383 Chinese investors were not in charge of construction.

@djm5k 26 дней назад

This is what happens when you have spineless city politicians who do not aggressively go after the Chinese developer. The entire site needs to be demolished, and the empty site sold off to a reputable US developer who will be held responsible for any future site abandonment. This abandonment is appalling and should never have been allowed to happen!

@finned958 22 дня назад

It’s cheaper to finish the building than demolish and start over. You can’t hold anyone to account when they go bankrupt. That’s the nature of big developments. Unfortunately, the business case to finish the project might be nonexistent because of progressive policies: homelessness, tenant laws, high crime, high interest rates and taxes, high minimum wages.

@commanderstarstrider7176 8 дней назад

"luxury housing" it will sit 80% empty while there are homeless everywhere. Only the Chinese that don't know how crappy LA is would invest in the craphole of LA

@robertsenger5660 18 дней назад

UCLA Housing, classrooms below, naming rights to the buyer, that would work.

@MrWassup45 13 дней назад

UCLA isnt even close, i think u meant USC which is actually in the area lol

@BenNSyder 18 дней назад

Lets go Gavin! #FGN

@shelbynamels7948 7 дней назад

To all future commenters, please, no more suggestions about using the project as housing for the homeless. There are financial and other reasons why that won't happen. You don't know what you are talking about, so stop posting those ideas.

@alksjda 7 дней назад

LA didn’t develop this lol

@Brewangelsfelafel 2 дня назад

Sale contingency, deportation

@halitosis75 18 дней назад

Why are the Chinese.building in America?

@kimeli 6 дней назад

to make money?

@bamkablam 15 дней назад

If LA knew what was good for itself, they would focus on micro condos that young productive residents could afford. Only then will downtown come back. Nobody who can afford a master bathroom the size of two car garage is going to pay that kind of money to live in downtown Los Angeles. The surplus of luxury housing being built there will one day prove to be exactly on the wrong side of history. More luxury housing is THE LAST THING Los Angeles needs.

@jrtstrategicapital560 5 дней назад

Excellent project to reuse ...for illegal immigrants! 👏👏👏

@randolphwilliams2365 27 дней назад

Make it into the worlds largest homeless shelter.

@richardgreen2200 27 дней назад

Are you attempting to be witty? A miserable fail on your part.

@Lazlo. 26 дней назад

So they can do drugs in luxury? 😆

@nilebabes 26 дней назад

Yup

@nilebabes 26 дней назад

@@Lazlo. make it a rehab center. And put them in there whether they like it or not. And make homelessness and drugs illegal.

@jameslyddall 25 дней назад

This will never work I’ve done work with the council in London where they give homeless people houses and no matter how good intentioned they can’t look after a property and just smash it up in a few days. You put homeless people in a big building it’ll be such a bad move.

@user-yb9vk3dv6h 13 дней назад

USA Goverment buy the proyect and end it ! Budget and project approved! Workers and machinery needed hired ! Construction work starts NOW ! 👏👏👏🇺🇸🇺🇸🇺🇸

@shelbynamels7948 7 дней назад

Still, tax payer money 😠

@musk-eteer9898 4 дня назад

not a chance under biden admin, FJB

@intothebeyond8763 25 дней назад

California needs more affordable housing and what do they do ....Build shoe box sized apartments worth millions of dollars which won't make the surrounding area more affordable . Building more housing isn't going to lower the cost because these companies use a software made by real page which artificially inflates the value of that property.

@garfieldwhittaker944 24 дня назад

BLAME THE CONTRADICTIONS OF CAPITALISM....!.

@crosslink1493 21 день назад

Surprisingly all the multi-million-dollar condos I've seen built get sold, so the market is there for them. I've been involved with some smaller 'luxury' multi-family projects south of the downtown L.A. area (Orange County) and they all sold out within a year of going on sale. If it turns into an apartment building the development agreement usually sets aside a certain percentage of the units for low-income persons (10%-15% is what I used to see).

@cactus22minus1 20 дней назад

“California” didn’t build this tower- private developers did. Public housing is being built - even high rise public housing. Not enough, but it is happening. There will always be a market for private development in America because we live and breathe capitalism here.

@handsomeman-pm9vy 6 дней назад

DISGUSTING! Leave California.

@emptiester 2 дня назад

No. Stay! Stay in California!

@720Horsepower День назад

Why do you carry your words. Just say the damn word without elongating the tail end of the word.

@amirsadeghi9888 10 дней назад

who ever would buy luxury condos in dtla is out of their minds... the place is a rathole. Also it's so annoying when you mention LA's housing shortage and hint that luxury condos are the solution. The reason the rent is so high in this town, and many apartments are vacant is because a certain group of owners, I'm not gonna say what race, what people... we know I can't say that... its the jewish owners... they pay zero property taxes and they can afford to keep the rent high if it means apartments stay vacant for prolonged periods of time, sometime years. Also, 5 percent seems too low, in reality it's much much higher, to the tune of 20% vacancy. Also, the rent might have gone down in the ghetto parts of the town, but in the nice areas, it has actually gone up!!!! The data doesn't reflect the reality on the ground.