Not necessarily, We're still seeing things moving right along. Grand ave project, the tower at the 7th and fig plaza, the fig and Pico tower and now what seems to be the 8th and fig tower getting ready for site prep. Developers this time around are banking on a "what will happen in 2 years when these come online in 2 years" type deal.
We STILL have a massive housing shortage, I don't see developers walking away just for that reason. Long Beach for instance has a lot going on, a place that always seems forgotten when compared to LA, SD and SF.
I think we all need to just breathe. If you want to have a reassurance moment, take a time machine 23 years back when downtown and LA as a whole had NOTHING going on at all. Nothing, nada. zip. And that was during an OK economy.
Last edited by caligrad; Jul 16, 2020 at 2:54 AM.
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