Over the last couple weeks, dozing equipment and grading activity in the “pit” next to the 7th+Fig parking structure has prompted enthusiastic speculators to suggest site preparation may be underway for Maguire Properties’ proposed 50-story office tower.

In short, it’s not happening yet, folks.

Though Maguire continues pre-development work on the project securing entitlements and the required 50% tenant pre-leasing, considering the company’s highly-publicized financial struggles (even in our ripening office market), they are in no shape to begin erecting Downtown’s first major office tower in over fifteen years.

Also, such an event would be met with media coverage and Villaraigosa’s blessing.

Here’s my take:

A couple years ago, a covered walkway linking the multi-story parking structure to the shopping plaza was demolished, blocking direct pedestrian access to the lower level’s rear entrance.

Today, foliage removal and a newly carved path where that walkway once stood indicate all the efforts are for walkway reconstruction.

Yes, nothing exciting to see here, but at least all you motorists can look forward to a shortcut to the lovely “International Food Court.”

-with ‘downtown downturn’, could maguire still fly?

Entrance to lower level corridor of 7th+Fig Plaza.

Rendering of proposed 755 Figueroa tower by Keating Khang.

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