Comments on: mercantile arcade conversion stuck in limbo

By: Anonymous

Anonymous — Thu, 30 Oct 2008 08:53:22 +0000

Brady any update on this at all? This part of spring street seems to be lagging even with all the activity to the south and north of it.

By: brady westwater

brady westwater — Tue, 29 Jul 2008 03:55:14 +0000

The Hellens have had endless subcontractor problems that have caused the delays and they are doing everything they can to get the project signed off.

By: jim

jim — Wed, 09 Jul 2008 07:12:55 +0000

one theory i’ve heard is that if they actually open to occupancy, the construction loans starting coming due. maybe they’re losing less money by leaving it empty.

they showed off these units back in 2005 during the los angeles conservancy’s spring on spring event. as i recall, they were much more on the apartment side of the continuum than open-floor-plan lofts, and not at all impressive.

By: raymond

raymond — Wed, 09 Jul 2008 06:50:56 +0000

they should continue working on giving those buisnesses better updated signage, that alone would give the g/f all together good look. In the above picture is looks too cluttered.

By: Andrew

Andrew — Wed, 09 Jul 2008 04:30:22 +0000

“Why” you ask, He’s about 93 years old and worth about 3-4 Billion!

By: JEremy R

JEremy R — Tue, 08 Jul 2008 23:54:57 +0000

“original delivery date of late 2003 or early 2004 by nearly five years now.”

Wow. Had they finished on time, they would have made out well.

“The property is 98% completed”
That’s hard to believe. Why invest 98% of the money, just to sit on it and get n0 return for 5 years? Especially considering that it is a rental property.

At any rate, it is a rental, so it should eventually be brought online.

By: Seb

Seb — Tue, 08 Jul 2008 23:38:24 +0000

I would like to invest some money in to one of these developments, does anyone know how I can do that?

By: Seb

Seb — Tue, 08 Jul 2008 23:36:56 +0000

Is there a theatre in there? By the way how many theatres are on Broadway?