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Showing posts with label Metropolis. Show all posts
Showing posts with label Metropolis. Show all posts

Thursday

Metropolis Rendered in the LA Skyline


Images from Kilograph

When IDS Realty put the long stalled Metropolis development on the market earlier this year, they commissioned a series of renderings showing the approximate size and scope of the project's full build out.  The 6.3 acre site is entitled for a total of 1.65 million square feet of hotel, residential, office and retail uses divided between five towers.  The completed development would include roughly 400,000 square feet of office space and up to 1,676 hotel rooms.  Entitlements also allow for some of those hotel rooms to be replaced with as many as 555 residential units.  The towers could stand as tall as 456-feet above grade.

Viewed from across the 110 freeway.  Image from Kilograph

As reported by the LA Times, IDS recently entered into discussions with Chinese based Greenland Holdings Group about a potential purchase of the site.  The exact price of the land was unclear, but a press release from Greenland indicated that the project could cost up to $1 billion to complete.  With entitlements already in place, construction would begin relatively soon after completion of the deal.

The Metropolis project is critical to the proposed "Avenue of the Angels," which seeks to transform Francisco Street into a active pedestrian corridor linking the Financial District to the Sports and Entertainment District.  Developer AEG envisions a similar atmosphere to that of San Diego's Gaslamp Quarter, book ended by the Wilshire Grand Tower in the north and LA Live in the south.

Artists concept of the "Avenue of the Angels."  Image from Metropolis.

Tuesday

A Closer Look at the Skyline Altering Metropolis


Later this week, the DLANC Planning and Land Use Committee is scheduled to take a close look at details of the Greenland Group's plans for Metropolis.  The first stage of the $1 billion project, which quietly began site preparation last week, will create 350 hotel rooms and 308 condominium units in towers of 19 and 38 stories.  Buildings will surround a ground-level automobile courtyard, lined by more than 7,000 square feet of pedestrian-oriented retail space.  Both towers would sit atop a seven-floor parking garage, featuring five above-ground levels.

The more ambitious second phase of the development calls for two additional high-rise towers, oriented towards the northern end of the 6.3-acre project site.  Buildings would rise to heights of 58 and 40 stories, containing a cumulative 1,250 condominiums and 67,000 square feet of retail space.  The larger structure, peaking 647 feet above street level, would narrowly edge out the Onni Group's proposed tower at 820 Olive Street for the title of Los Angeles' tallest residential building.

Both of Metropolis's phase two towers would sit above a ten-floor parking structure, featuring eight above-grade levels.  Earlier reports from the Downtown News have indicated that a combination of loft units and retail stalls will screen the garage from view along Francisco Street.  The parking structures will also serve as the foundation of Metropolis's amenity decks, offering outdoor pools, landscaped courtyards and the soothing ambience of the 110 freeway.

Construction of phase two is expected to occur over a 60-month period, beginning in 2015 and concluding in 2020.  This would involve approximately one year of overlap with Metropolis's phase-one construction timeline, which is scheduled for completion in mid-2016.

The presentation also refreshes an earlier Gensler concept known by the clichéd title "Avenue of the Angels."  The proposal from AEG endeavors to transform Francisco Street into a Gaslamp-like commercial corridor, anchored by the Wilshire Grand in the north and LA Live in the south.  Metropolis, spanning a full block between 8th Street and James M. Wood Boulevard, would feature prominently in this concept.  Potential expansion plans for the FIGat7th shopping center could likewise play a significant role






Thursday

Watch Metropolis Reshape the Downtown Skyline


Your eyes do not deceive you: the surface parking lot at the corner of 9th and Francisco Streets is no more.  With a $39 million taxpayer subsidy in hand, Shanghai's Greenland Real Estate Group has officially commenced work on the first half of the long-awaited Metropolis development.  A skeleton crew quietly kicked off on the $1 billion project yesterday morning, stripping asphalt from the phase one site.  The dirt lot seen above will eventually birth high-rise towers of 19 and 38 stories, creating 350 hotel rooms and 308 condominium units above street-level retail space.  San Francisco-based Webcor Builders, general contractor for the Metropolis development, has fortunately installed a construction camera directly across 9th Street.  Take your progress updates every fifteen minutes in glorious HD.

The Greenland Group is currently in the planning stages for a more grandiose phase two of the project, which would create larger buildings near the intersection of 8th and Francisco Streets.  Gensler-designed plans filed with the city call for a total of 1,250 condominium units and 67,000 feet of commercial space.  An updated rendering of Metropolis from brokerage firm Douglas Elliman portrays the second phase with two additional towers, featuring glass exteriors and sloping roof lines (see below).

Image credit: Douglas Elliman

Friday

Check Out the Specs for Metropolis Phase II

Image credit: Gensler via Kilograph

Although likely years away from the start of construction, the Shanghai-based Greenland Group is already working on plans for the second half of their ambitious Metropolis development.  According to a memo released by CRA/LA earlier this month, phase two of the $1 billion project tentatively calls for two high-rise towers that would comprise over 1.4 million square feet of floor area.  The first structure, an approximately 50-story tower, would stand flush with Francisco Street and consist of 510 condominium dwellings above a parking podium.  The second building, standing roughly 60 stories, would abut the corner of 8th and Francisco Streets with 740 condominiums and 67,000 square feet of ground floor retail space.  Both towers would be located directly across the street from an allegedly "sexy, mixed-use," parking structure, currently under construction next to the CTBC Bank Tower.

Phase one, revealed in a February groundbreaking ceremony, will reportedly start excavation and shoring work later this month.  Consisting of two additional towers, the first stage of Metropolis will create 310 residential units, more than 6,000 square feet of pedestrian oriented retail, and up to 350 hotel rooms.  A 19-story hotel tower, to be located at the corner of Francisco Street and James M. Wood Boulevard, will rise 271 feet above a retail and parking podium.  Although official reports have yet to specify an operator, earlier documents produced by the LA City Council point to the Hotel Indigo brand.  A 38-story residential building, set towards the eastern side of the property, will stand 442 feet tall.


Metropolis Phase I; Image credit: Kilograph

And just for fun, here are some higher quality version of an outdated design for the project, also by Gensler:

A now outdated design for Metropolis; Image credit: Kilograph

Another angle of the outdated design.

Sunday

Metropolis Scheduled to Break Ground on Valentines Day


The Greenland Group raised more than a few eyebrows when they boldly proclaimed that they'd break ground on the long awaited Metropolis development before the end of 2013.  Turns out that they might not have been that far off.  According to a document from the city's Chief Legislative Analyst, the Chinese developer plans to start shoring and grading work for phase one of Metropolis on February 14.  Phase one will emerge at the intersection of Francisco Street and James M Wood Boulevard, consisting of two high-rise structures above a pedestrian plaza.  The first tower, a 350-room Hotel Indigo, will rise approximately 19-stories.  Guest rooms will stand above a podium structure containing food and beverage outlets, meeting space, recreational amenities, and street level retail.  Records from LADBS indicate that the second tower is intended to rise 38-stories, containing 290 residential units above a parking podium.  Phase two, which has no scheduled groundbreaking date, will consist of three two towers with a "mix of residential and commercial uses."

Unfortunately, not all is not well on Metropolis' 6.3 acre parking lot.  The Greenland Group claims that the project's hotel component is facing an $82-92 million finance gap, and requests assistance from the city to make up for the deficit.  In years past, Los Angeles has granted tax rebates to both the J.W. Marriott and the Wilshire Grand for this purpose.  While the city will conduct its own analysis of Greenland's project before making a decision, representatives of the Convention Center have already indicated a willingness to provide financial incentives to get 4,000 new hotel rooms by 2020.  In other words, it seems likely that the Greenland Group will get their tax break.  In the meantime, get your popcorn ready and keep your eyes peeled for construction equipment come Valentines Day.  Or go spend time with your loved ones...whatever.  Either way, Downtown's long delayed mega-project will finally get shovels in the ground.

Friday

Greenland Group Gets Serious about Metropolis

The Metropolis site, seen from the intersection of James M Wood Boulevard and Francisco Street.

When the Shanghai based Greenland Group announced their intent to purchase the long delayed Metropolis development in June 2013, many details from the press release were muddled in the Mandarin-to-English translation.  IDS Realty quickly stepped in to put the kibosh on the rumored sales price of $1 billion, but all parties involved have remained adamant that the project would be going vertical as soon as possible.  It appears that the Chinese developer remains true to its word, with the project's first buildings set to be a 19-story hotel at 899 Francisco Street and a 38-story apartment tower next door at 889 Francisco.  According to permits filed with LADBS, the hotel's guest rooms would rise above a four-story podium containing event, retail and restaurant space.  The residential building would contain 290 units, stacked atop a four-story parking garage.  Both towers would also feature two levels of subterranean parking.

Curbed LA recently caused a stir when they provided renderings of two Gensler-designed Metropolis towers via structural engineering firm Saiful Bouquet.  Although those renderings have been verified as outdated, they do hint at the the intended scope of the project.  While perhaps not as grand in scale as some of the Greenland Group's developments across the Pacific, the first phase of Metropolis will still make a noticeable impact on the Downtown skyline.  On the other hand, Gensler has their work cut out for them at ground level.  Isolated from the activity of LA Live and sandwiched between the 110 freeway and series of parking garages, the Metropolis site does not easily lend itself towards pedestrian activity.  That doesn't bode well for the effort to transform Francisco Street into Downtown LA's wannabe French Quarter.