Developers give CRA environmental study for $300 million project in Southpark area.Developers give CRA See Community Reinvestment Act. environmental study for $300 million project in Southpark area Developers Raffi Cohen cohen or kohen (Hebrew: “priest”) Jewish priest descended from Zadok (a descendant of Aaron), priest at the First Temple of Jerusalem. The biblical priesthood was hereditary and male. , Melvin Simon are partners The environmental impact report for a $300 million skyscraper skyscraper, modern building of great height, constructed on a steel skeleton. The form originated in the United States. Development of the Form Many mechanical and structural developments in the last quarter of the 19th cent. planned for a booming part of downtown Los Angeles Downtown Los Angeles is the central business district of Los Angeles, California, located close to the geographic center of the metropolitan area. The sprawling, multi-centered megacity is such that its downtown core is often considered just another district like Hollywood or was expected to be given the green light by the Community Redevelopment Agency late last week. If the CRA's Board of Commissioners adopts the report, negotiations between the agency and project developers Raffi Cohen Industries and Melvin Simon Associates will begin, setting the stage for possible groundbreaking in 1991. Final approval for the project from the CRA and the City Council is expected by next spring. The 55-story, 1.27-million-square-foot building -- dubbed dub 1 tr.v. dubbed, dub·bing, dubs 1. To tap lightly on the shoulder by way of conferring knighthood. 2. To honor with a new title or description. 3. the RCI RCI Royal Caribbean International RCI Radio Canada International RCI Rehabilitation Council of India RCI Residential Communities Initiative RCI Roof Consultants Institute RCI Remote Control Interface RCI Residential, Commercial, Industrial Tower -- is slated to rise at the southeast corner of Ninth and Figueroa streets Figueroa Street is a street in Los Angeles County, California. It runs in a north/south direction for a length of more than 30 miles (48 km) between the Los Angeles communities of Eagle Rock and Wilmington. . The building would be the largest structure erected to date in the Central Busiess District's South Park region, an 80-acre area in the southern part of downtown Los Angeles that the CRA hopes will someday be an "urban-residential center." Plans for the mixed-use project consist of 1.11-million square feet of office space, 29,500 square feet of ground-floor retail space and 1,157 subterranean parking spaces, according to according to prep. 1. As stated or indicated by; on the authority of: according to historians. 2. In keeping with: according to instructions. 3. the environmental impact report. As part of the agreement, Raffi Cohen and Melvin Simon may Simon May is a British musician and composer, best known for composing some of British television's best known theme tunes, including EastEnders and Howards' Way. be required to build a 133,000-square-foot residential complex adjacent to the tower, providing 180 units of market-rate housing. The CRA may also require the developers, who own the land jointly, to replace 97 units of housing already demolished to make room for the building. "We think this will be a cornerstone project for South park development," said Brooke Goranson, a Raffi Cohen vice president." After concerns were raised about the project's impact on the surrounding community, the number of affordable housing units was increased and amount of retail space lowered. According to the environmental impact report, the project would: * Create 8,300 automobile trips a day. * Consume 46,500 barrels of oil a year. * Produce 237,300 gallons of sewage a day. * Generate roughly 3,750 jobs during construction. Because of zoning restrictions, the developers will need to transfer 600,000 square feet of density to another project. The CRA is not contributing any money to the project. Chicago-based Murphy/Jahn is the architect. The 2.5 acre acre site is presently occupied by Kent Motel Inn and several surface parking lots. Other major projects in South Park include: * Metropolis, a five-phase, $750 million complex that will host three, 30-story office towers, a major hotel and retail space. The project received the go-ahead from the City Council in August. * R&T Development Corp. is building a $100-million, 28-story office tower on the corner of Eighth and Figueroa streets. * Another project slated for South Park is the 865 S. Figueroa Building, a 36-story office tower slated to begin construction next year, pending CRA and City Council approval. The CRA hopes South Park will eventually include 12,000 housing units and 10-million square feet of office and retail space. |
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