02-23-09

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LOS ANGELES

DOWNTOWN

NEWS Volume 38, Number 8

INSIDE

DOWNTOWN DEVELOPMENT

A report featuring the latest information on 124 Downtown projects, along with a special Downtown Residential section.

11-34 W W W. D O W N T O W N N E W S . C O M

February 23, 2009

This One Goes to 11 Los Angeles Downtown News Honors the Projects That Stand Out in Their Districts by Jon Regardie executive editor

Dancers take over 7+FIG.

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Urban Scrawl on how to sell condos.

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Skid Row’s digital TV divide.

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here is so much concern about the economy and the future of development that it is easy to forget how different things were just a year ago. Which is a mistake, especially in Downtown Los Angeles, a community that in 2008 had one of its strongest years ever. Downtown last year saw the arrival of dozens of projects worth billions (yes, with a b) of dollars. They opened across the community and involved a variety of pursuits, from L.A. Live, the entertainment complex that instantly changed the Downtown nightlife landscape, to the expansion of Inner-City Arts, the longtime Skid Row educational institution, to the Vista Hermosa Natural Park, which created a much-needed green space in City West. The residential boom continued too, with the debut of projects such as South Park’s 717 Olympic.

On Tuesday, Feb. 24, Los Angeles Downtown News will recognize these and other projects at the eighth annual Downtowners of Distinction awards ceremony, and the Project of the Year will be announced. All told, 11 awards will be handed out, with honorees selected by virtue of their importance to their individual district. This year’s prizes include both new projects and some longstanding efforts that are being recognized for the years of improvement and life they have delivered to their district (as in previous years, awards are not being presented in every Downtown district). Individual winners are selected by the Downtown News editorial staff, and the Project of the Year is voted on by leaders of the Downtown districts. The Project of the Year will be identified in next week’s issue. Following, in alphabetical order by district, are this year’s Downtowners of Distinction winners. see Distinction, page 8

USC Plans For the Future

photo by Gary Leonard

The Urth Caffe became an instant Arts District destination when it opened last year.

Mutiny at the Market

University Preps for Expansion That Would Strengthen Ties to Downtown

Crisis Resolved After Grand Central Vendors, Citing the Economy, Withheld Rents by Richard Guzmán city editor

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Dan Graham gets a MOCA show.

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The best race in Los Angeles.

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photo by Gary Leonard

Brian League, USC’s director of entitlements, is working on a plan that could bring more than 2 million square feet of new student housing to the area at the southern edge of the Figueroa Corridor. by Anna Scott staff writer

Five great entertainment options.

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37 CALENDAR LISTINGS 40 CLASSIFIEDS 43 MAP

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he University of Southern California is in the early stage of creating a sweeping development plan that could bring millions of square feet of new housing, retail and other amenities to the southern end of the Figueroa Corridor. It would be a major step in strengthening the ties between the university and the heart of Downtown Los Angeles. The proposed USC Specific Plan would pave the way for up to approximately 2.5 million square feet of new academic facilities, 350,000

square feet of retail and 2.1 million square feet of mostly student housing over the next 10-20 years. The plan targets 207 acres including the USC campus, a small area east of the 110 Freeway between Jefferson and Exposition boulevards, and the USC-owned University Village shopping center just north of campus, which the school plans to replace with housing. It is too early to determine a budget, but enacting the plan would likely exceed the approximately $100 million per year that USC currently spends on capital improvements. see USC, page 5

tenants’ mutiny at Grand Central Market was resolved last week after a group of merchants who had withheld their February rents came to an agreement with the landlord and paid up. As part of the resolution with landlord The Yellin Company, rents will be lowered and advertising fees charged to the tenants will be eliminated. The fracas, which resulted in many rents being paid two weeks or more late, is yet another sign of the financial hardships stemming from the national recession. Although

most visitors to the Downtown Los Angeles landmark were unaware of the situation, several tenants said their future survival is in question. Adele Yellin, president of the Yellin Company, said that the move will lower costs for the 40 merchants. “We do understand the pressure that our tenants are under in these times and we’ve taken steps to reduce their rent by eliminating the advertising budget,” Yellin said. The situation had been bubbling for months, and began to come to a head in late January. That is when Ralph Leech, an attorney see Grand Central, page 7

photo by Gary Leonard

Numerous merchants in Grand Central Market did not pay their February rents for more than two weeks. As part of a deal with the landlord, many rents will be reduced and a monthly advertising fee eliminated.

Since 1972, an independent, locally owned and edited newspaper, go figure.


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02-23-09 by Los Angeles Downtown News - Issuu