^ From this vid:
https://youtu.be/ZbhNUA8FWKU
too bad...the tenant is having to move out of the onni tower's penthouse on Hill St. A business like his is a version of other businesses throughout the economy...always wheeling & dealing. He's planning to relocate to west LA, which has been duplicated by hundreds of other businesses through the decades....which is why dtla has had an oversupply of office space since the 1980s while other hoods have managed to fill up.
He sells watches, while other companies like the owners of Oceanwide or other projs in dtla deal with real estate....wheelers & dealers.
He ends by visiting jewelry businesses on broadway. Which makes me think of this vid....this guy implies areas like Broadway in dt are a 'ghost town' because of protest marches...
https://youtu.be/j1TYHiXy7j0
Broadway was a busy street over 70 yrs ago, back when ppl with money would shop there...the loss of that is very disappointing. Those ppl then abandoned it & left the area to become a retail district for mainly modest income ppl. But even much of that group went elsewhere & today's remaining swapmeets have to scamble even harder. Too many absentee landlords...like the owner from Australia....or even slumlords also don't help such sections of dt. All wheelers & dealers.
I don't know how to energize the street again...small improvements like new housing are helping, but broadway is still off most ppl's radar. In comparison, certain streets in major cities of the world are starting to boom again in 2022, as they have for the past 70 yrs. Even before Covid in 2020, dtla has needed to raise the ante, as other cities are doing.
Beyond that, I can tell the Grand central mkt saw some of its business decline after publicity about a shooting & murder outside it ocurred several wks ago. The grafitti on the upper levels of some renovated bldgs doesn't help. Also: look at the sspers who said they've posted about their no longer using the MTA because of bad experiences on the subway or trains. It doesn't take much to spook or turn off ppl. But everyone is wheeling & dealing.