I believe one of the devlprs of angel's landing is also part owner of the park fifth proj at 5th St & Olive st. I can tell their leasing of that apt tower has slowed to a crawl since the start of the yr....so no telling how current trends are going to affect builders, investors and funders in the long run.
But I was reading about a huge new tower that opened in the past few days in NYC. The article made it sound like the devlpr in a Covid era New York was in hot water. But it also said he had managed to book up something like 70% of the bldg's space. When I saw that, I said, ya gotta be kidding me....that would be considered a big success by dtla standards.
So who knows what will happen from here on out? I also just read that 60% of businesses listed on yelp are now permanently closed. Not sure how that compares with the great depression in the 1930s. But I'd be surprised if things were much worse over 80 yrs ago.
It would be ironic if the swapmeets on broadway....which I've long wanted to see fade away....were small businesses that somehow manage to hang on. If so, what's that saying? God has a sense of humor?
however, some sunlight is poking through the clouds....this is two blocks from LA city hall....
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