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Organization is the key for a smooth move and this is the time to start getting the details of your move.
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Not So Centrally Located: Wachovia Bank initiated foreclosure proceedings in November on the South Park site where the $1 billion L.A. Central was supposed to rise. The current parking lot at 11th and Figueroa streets was slated for a mixed-use project with condominiums and businesses that would serve as the retail complement to L.A. Live. New York-based developer the Moinian Group last year defaulted on a $55 million loan. Moinian’s director of development, Oskar Brecher, has said that the company is in talks with Wachovia and will try to hang on to the property.
Out of the Ballgame: There has been no movement on the $500 million renovation of Dodger Stadium that was expected to start in 2009 and debut on opening day of the 2012 baseball season. Between the frozen lending markets and the still unfolding, high-profile split of L.A. Dodgers owners Frank and Jamie McCourt, it is uncertain when the still un-entitled, un-funded project will occur. Plans call for a new landscaped entrance, a promenade lined with restaurants and shops and other elements.
Stop the Presses: The longtime plan to transform the former Herald Examiner newspaper offices at 11th Street and Broadway into office space, retail and two residential towers has been stuck on pause for more than a year. It will stay that way, officials with property owner the Hearst Corp. say, until the financial markets recover enough for large construction loans to become feasible again. That means the properties (including some razed structures) will likely remain empty at least through the end of 2010, though behind the scenes Hearst is continuing to work with architect Brenda Levin on restoring the main Herald Examiner building. Getting
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