Financial District’s Heineman building

heineman-building

While San Francisco has its fair share of iconic buildings—Transamerica Pyramid and Triple 5 are synonymous with the city—one high-rise has garnered a rabid and well-deserved cult following. That building is 130 Bush, the super-slender structure in the Financial District.

It’s easy to miss this downtown gem. Blocked from a clear view on Market Street by 1 Bush, a spectacular midcentury behemoth, passersby must veer up the start of Bush Street in order to see and appreciate it in all its trim glory.

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$103M in tax revenue to lure hotel developer to Convention Center

los-angeles-convention

A city committee on Tuesday endorsed a deal that would give a developer $103.3 million in public money over the course of more than two decades to open hundreds of hotel rooms next to the Los Angeles Convention Center.

Developer Lightstone Group wants to build two towers at Pico Boulevard and Figueroa Street and fill them with 1,130 rooms operated by three brands: AC Hotel, Moxy Hotel, and Hilton Garden Inn. But, due to the high costs of “concrete and steel high rise construction,” it has a $67.4-million financing gap, according to real estate advisory firm Keyser Marston Associates. The firm says the public money, adjusted for inflation, would fill that financing gap.

Los Angeles City Councilmembers are eager to get hotel rooms built near the convention center, and it appears they’re willing to loosen the city’s purse strings to make it happen.

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Boyle Heights affordable housing nearly set to rise

boyle-heights-los-angeles

A long-vacant lot in Boyle Heights is well on its way to redevelopment as an affordable housing complex from developer Abode Communities.

Metro, which owns the land the project would be built on, is formalizing a lease with the developer, and the agency’s board of directors will vote on whether to approve it Thursday. The Los Angeles City Planning Commission also signed off on the project earlier this month.

New renderings of the project, called La Veranda, offer a look at what it would look like. Consisting of two separate four-story buildings, it’s set to include 77 apartments and 8,000 square feet of commercial space. All but one of the residential units in the project would be set aside for low-income tenants, with the last reserved as a manager’s unit.

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SF’s 2nd tallest building is finally underway

SF building renderings

A slightly soggy red carpet greeted city bigwigs and developers Thursday, as a morning shovel ceremony finally kicked off construction on what will eventually be San Francisco’s second tallest building. Read more

$1 Billion Mega-Project, New Renderings

Los Angeles Mega Project

The $1-billion development will bring three new towers to the Los Angeles skyline, including a 677-foot hotel spire that will contain two separate pool decks, 184 hotel rooms, and some number of the total 504 condominiums to be located on the 4.6-acre site. Read more

106 Downtown LA Projects in Development

106 New Downtown LA projects

DTLA – Maybe it’s the turbo-charged national economy. Maybe it’s the Los Angeles housing shortage that has caused both rents and home sale prices to spike. Maybe it’s the pressure developers face of trying to launch a project before voters cast ballots on Measure S in March. Maybe it’s all of the above. Read more

LAX Approves $900M New Terminal

LAX Terminal

Airport commissioners unanimously approved construction of the northern half of a midfield concourse west of the Tom Bradley International Terminal , which is undergoing its own expansion and renovation. Read more

Marriott’s New Downtown Project Is Two Hotels in One

New Marriott Building

DOWNTOWN LOS ANGELES — Despite the development boom underway in Downtown Los Angeles, tourism officials regularly complain that the city suffers from a shortage of hotel rooms. Read more

Huge Project With 345 Housing Units Planned Near Olvera Street

Olvera St Building project

While the El Pueblo de Los Angeles Historical Monument is a popular stop for tourists, the attraction and the surrounding neighborhood has been largely ignored amid the Downtown development boom. Read more

Chinatown Mega-Project Being Considered

China building planning

Downtown-based Evoq Properties, best known for owning Alameda Square, is eyeing a mega-project in Chinatown. Read more