Parcel B: in doubt?

Roger Vincent's profile of Culver City in today's Los Angeles Times paints a portrait of a town at a crossroads. Extensively quoting new Culver City councilman Jim Clarke and real estate broker Zac Card of CBRE Group Inc., the article asks: Will the "Culver City miracle" that brought foot traffic and a nightlife to downtown continue in the wake of the loss of redevelopment agency money? And will the city be able to capitalize its strategic location as the temporary terminus of the Expo Line?

Several real estate developments were planned," says the article, "before the state swooped in on community redevelopment funds and created doubts about whether developers would be able to get title to land they hoped to buy from the city." This seems to imply that developments such as the Parcel B development between the Culver Hotel and the Ince Parking Lot and the Market Hall project at Centinela and Washington are in doubt, but it would be the first I heard of such doubt.

The article does describe the proposed development led by Lowe Enterprises at the corner of Venice and National (currently used as the parking lot for the Culver City Expo Line Station as, "a 5-acrecomplex with stores, offices, apartments, and a 150-room hotel."

Read the whole article HERE.

Market Hall at Washington and Centinela: in doubt?