At last October’s Transit Oriented L.A. event (ToLA) Los Angeles Mayor Eric Garcetti announced his Great Streets initiative to revitalize transportation corridors. All those who attended relished the event’s many discussions on transforming urban spaces. The below short video captures that invigorating vibe:
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FORM was media sponsor for the Vantage Forum 2011, an annual day-long symposium put on by UCLA Ziman School and ULI this January 11. It was a series of panel discussions featuring high-powered people from real estate divided roughly into 4 topics: Housing, Office, Retail, and Capital Markets.
I can’t say there was any earth-shattering news. We all suspect that the economy is recovering via some combination of government stimulus, cash too long on the sidelines, and simple recession fatigue. Nevertheless, there were a lot of great take-aways that might be guiding principles for marketing strategies in the design business.
First and foremost, where is the money? It turns out the retailers have it--not retail developers, but retailers like Safeway. Fascinating story: Safeway needed to expand, but the developers that normally build their centers could not get financing. Safeway had regular cash flow and started its own development company. It uses its highly tuned in-house demographics operation to ID compatible partners (eg. Target) to build new centers with.
Rios Clementi Hale Studios’ design for the new Los Angeles Civic Park will result in a transformational urban space in the tradition of the world’s great city parks. Unifying a 12-acre linear site across four blocks in the heart of downtown Los Angeles’ civic and cultural centre, Civic Park is envisioned as an iconic destination celebrating the city’s multicultural and horticultural diversity. It is part of the larger Grand Avenue Plan to revitalise the entire area. The project broke ground on July 15, 2010.
Read more about it here.
A large $120-million transit center that would combine bus, train and rental car traffic into one hub at Bob Hope Airport took a step closer to reality Tuesday after the Burbank City Council voted 4 to 1 to settle a number of land-use issues. The council asked officials to come back with more fine-tuned landscaping proposals and a tighter agreement requiring that the land be used only for a transit center. Airport representatives said it represented a major step forward for the massive project.
The project includes room for 14 buses with a transit lounge and a new parking structure for airport patrons, an elevated pedestrian bridge over Empire Avenue to connect to the parking lot, a new paved parking lot currently used by airport employees and patrons that will have more spaces, and solar panels covering the soon-to-be facility to not only supplement the center's energy consumption, but eventually contribute to the city's power grid.
Read more about it here.