Finally, one of the key corners on the mall appears headed for a real nice sprucing up, great news!
Bob Shallit: Condos join plan for 10th, K revival
By Bob Shallit - Bee Columnist
Published 12:00 am PDT Saturday, May 12, 2007
Developers working on a cabaret and restaurant complex at the corner of 10th and K have even bigger plans for three adjacent parcels: They want to build a 21-story condo tower there.
The developers -- David S. Taylor Interests and the CIM Group of Los Angeles -- have an exclusive right to negotiate with the city for the three parcels, on the south side of K Street between 10th and 11th.
If a just-launched environmental study finds no serious problems, Taylor and CIM hope to sign a development agreement and acquire the parcels in December, says Elle Warner, a VP with Taylor Interests.
Early plans, from architect WRNS Studio of San Francisco, call for a "green" building with 158 for-sale units, Warner says. Most would be about 900 square feet but larger penthouses would occupy the top two floors. No prices have yet been set.
Other downtown condo projects have run into financing problems. But Warner says her group is optimistic.
"There's never been a question about demand," she says. "It's really about putting it all together."
At some point, she adds in reference to the prospects of downtown housing taking off, "the stars will line up."
