At the subway stop at Wilshire Blvd. and Vermont, developer Jerry Snyder halted construction on his planned vertical retail mall, saying that the apartment market is comparatively "very strong."
Construction has been rare in Los Angeles over the past couple of years, so two new 25-30 story towers at this site are seen as a welcome change by many.
Roger Vincent reports from the L.A. Times:
"The Vermont apartments would add to the residential boomlet at Wilshire and Vermont. Across Wilshire, above a Red Line subway stop, is a seven-story apartment and retail complex with 449 units called Wilshire Vermont Station, completed in 2007.
Urban planners and city officials have encouraged dense development at intersections, such as Vermont and Wilshire, that are major hubs for rail and bus service."
FULL STORY: Jerry Snyder unveils new plans for Wilshire District site
LA’s Abandoned Towers Loom as a “$1.2 Billion Ruin of Global Capital”
Oceanwide Plaza, shuttered mid-construction after its developer filed for bankruptcy, has stood vacant on prime Los Angeles real estate since 2019.
LA Parking Reform is Bearing Fruit
Changes to minimum parking requirements near transit lines are spurring more residential development with little or no on-site parking.
L.A. Tenants Hit With Sudden Rent Hikes Under 'Discounted Rent' Loophole
A legal loophole has allowed some Los Angeles landlords to sharply raise rents on apartments that would otherwise fall under the city's rent stabilization ordinance and pandemic-related rent freeze.
Analysis: Cybertruck Fatality Rate Far Exceeds That of Ford Pinto
The Tesla Cybertruck was recalled seven times last year.
National Parks Layoffs Will Cause Communities to Lose Billions
Thousands of essential park workers were laid off this week, just before the busy spring break season.
Retro-silient?: America’s First “Eco-burb,” The Woodlands Turns 50
A master-planned community north of Houston offers lessons on green infrastructure and resilient design, but falls short of its founder’s lofty affordability and walkability goals.
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Analysis: Cybertruck Fatality Rate Far Exceeds That of Ford Pinto
The Tesla Cybertruck was recalled seven times last year.
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