Reversing the Trend:Asian Investment inLos AngelesChristopher C. Martin, FIAI -- Moderator    Ayahlushim Getachew -- Panel...
Project Economics• Total project cost estimated at +$1 billion• Office cost = $500-575/sf (all-in)  – Up to 1.5 million SF...
Reversing the Trend:Asian Investment inLos Angeles
Objectives of the Study               Vision1. Define an efficient, cost          1. Economy / Simplicity   effective hote...
Development Program                      17
22
Alternative Elevator Schemes                               25
Reversing the Trend:Asian Investment inLos Angeles
Reversing the Trend:Asian Investment inLos Angeles
Reversing the Trend: Asian Investment in Los Angeles - The Korean Air Green, TO D, Mixed-Use, Fully Entitled, Downtown Dev...
Reversing the Trend: Asian Investment in Los Angeles - The Korean Air Green, TO D, Mixed-Use, Fully Entitled, Downtown Dev...
Reversing the Trend: Asian Investment in Los Angeles - The Korean Air Green, TO D, Mixed-Use, Fully Entitled, Downtown Dev...
Reversing the Trend: Asian Investment in Los Angeles - The Korean Air Green, TO D, Mixed-Use, Fully Entitled, Downtown Dev...
Reversing the Trend: Asian Investment in Los Angeles - The Korean Air Green, TO D, Mixed-Use, Fully Entitled, Downtown Dev...
Reversing the Trend: Asian Investment in Los Angeles - The Korean Air Green, TO D, Mixed-Use, Fully Entitled, Downtown Dev...
Reversing the Trend: Asian Investment in Los Angeles - The Korean Air Green, TO D, Mixed-Use, Fully Entitled, Downtown Dev...
Reversing the Trend: Asian Investment in Los Angeles - The Korean Air Green, TO D, Mixed-Use, Fully Entitled, Downtown Dev...
Reversing the Trend: Asian Investment in Los Angeles - The Korean Air Green, TO D, Mixed-Use, Fully Entitled, Downtown Dev...
Reversing the Trend: Asian Investment in Los Angeles - The Korean Air Green, TO D, Mixed-Use, Fully Entitled, Downtown Dev...
Reversing the Trend: Asian Investment in Los Angeles - The Korean Air Green, TO D, Mixed-Use, Fully Entitled, Downtown Dev...
Reversing the Trend: Asian Investment in Los Angeles - The Korean Air Green, TO D, Mixed-Use, Fully Entitled, Downtown Dev...
Reversing the Trend: Asian Investment in Los Angeles - The Korean Air Green, TO D, Mixed-Use, Fully Entitled, Downtown Dev...
Reversing the Trend: Asian Investment in Los Angeles - The Korean Air Green, TO D, Mixed-Use, Fully Entitled, Downtown Dev...
Reversing the Trend: Asian Investment in Los Angeles - The Korean Air Green, TO D, Mixed-Use, Fully Entitled, Downtown Dev...
Reversing the Trend: Asian Investment in Los Angeles - The Korean Air Green, TO D, Mixed-Use, Fully Entitled, Downtown Dev...
Reversing the Trend: Asian Investment in Los Angeles - The Korean Air Green, TO D, Mixed-Use, Fully Entitled, Downtown Dev...
Reversing the Trend: Asian Investment in Los Angeles - The Korean Air Green, TO D, Mixed-Use, Fully Entitled, Downtown Dev...
Reversing the Trend: Asian Investment in Los Angeles - The Korean Air Green, TO D, Mixed-Use, Fully Entitled, Downtown Dev...
Reversing the Trend: Asian Investment in Los Angeles - The Korean Air Green, TO D, Mixed-Use, Fully Entitled, Downtown Dev...
Reversing the Trend: Asian Investment in Los Angeles - The Korean Air Green, TO D, Mixed-Use, Fully Entitled, Downtown Dev...
Reversing the Trend: Asian Investment in Los Angeles - The Korean Air Green, TO D, Mixed-Use, Fully Entitled, Downtown Dev...
Reversing the Trend: Asian Investment in Los Angeles - The Korean Air Green, TO D, Mixed-Use, Fully Entitled, Downtown Dev...
Reversing the Trend: Asian Investment in Los Angeles - The Korean Air Green, TO D, Mixed-Use, Fully Entitled, Downtown Dev...
Reversing the Trend: Asian Investment in Los Angeles - The Korean Air Green, TO D, Mixed-Use, Fully Entitled, Downtown Dev...
Reversing the Trend: Asian Investment in Los Angeles - The Korean Air Green, TO D, Mixed-Use, Fully Entitled, Downtown Dev...
Reversing the Trend: Asian Investment in Los Angeles - The Korean Air Green, TO D, Mixed-Use, Fully Entitled, Downtown Dev...
Reversing the Trend: Asian Investment in Los Angeles - The Korean Air Green, TO D, Mixed-Use, Fully Entitled, Downtown Dev...
Reversing the Trend: Asian Investment in Los Angeles - The Korean Air Green, TO D, Mixed-Use, Fully Entitled, Downtown Dev...
Reversing the Trend: Asian Investment in Los Angeles - The Korean Air Green, TO D, Mixed-Use, Fully Entitled, Downtown Dev...
Reversing the Trend: Asian Investment in Los Angeles - The Korean Air Green, TO D, Mixed-Use, Fully Entitled, Downtown Dev...
Reversing the Trend: Asian Investment in Los Angeles - The Korean Air Green, TO D, Mixed-Use, Fully Entitled, Downtown Dev...
Reversing the Trend: Asian Investment in Los Angeles - The Korean Air Green, TO D, Mixed-Use, Fully Entitled, Downtown Dev...
Reversing the Trend: Asian Investment in Los Angeles - The Korean Air Green, TO D, Mixed-Use, Fully Entitled, Downtown Dev...
Reversing the Trend: Asian Investment in Los Angeles - The Korean Air Green, TO D, Mixed-Use, Fully Entitled, Downtown Dev...
Reversing the Trend: Asian Investment in Los Angeles - The Korean Air Green, TO D, Mixed-Use, Fully Entitled, Downtown Dev...
Reversing the Trend: Asian Investment in Los Angeles - The Korean Air Green, TO D, Mixed-Use, Fully Entitled, Downtown Dev...
Reversing the Trend: Asian Investment in Los Angeles - The Korean Air Green, TO D, Mixed-Use, Fully Entitled, Downtown Dev...
Reversing the Trend: Asian Investment in Los Angeles - The Korean Air Green, TO D, Mixed-Use, Fully Entitled, Downtown Dev...
Reversing the Trend: Asian Investment in Los Angeles - The Korean Air Green, TO D, Mixed-Use, Fully Entitled, Downtown Dev...
Reversing the Trend: Asian Investment in Los Angeles - The Korean Air Green, TO D, Mixed-Use, Fully Entitled, Downtown Dev...
Reversing the Trend: Asian Investment in Los Angeles - The Korean Air Green, TO D, Mixed-Use, Fully Entitled, Downtown Dev...
Reversing the Trend: Asian Investment in Los Angeles - The Korean Air Green, TO D, Mixed-Use, Fully Entitled, Downtown Dev...
Reversing the Trend: Asian Investment in Los Angeles - The Korean Air Green, TO D, Mixed-Use, Fully Entitled, Downtown Dev...
Reversing the Trend: Asian Investment in Los Angeles - The Korean Air Green, TO D, Mixed-Use, Fully Entitled, Downtown Dev...
Reversing the Trend: Asian Investment in Los Angeles - The Korean Air Green, TO D, Mixed-Use, Fully Entitled, Downtown Dev...
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Reversing the Trend: Asian Investment in Los Angeles - The Korean Air Green, TO D, Mixed-Use, Fully Entitled, Downtown Development (David Martin) - ULI Fall Meeting 102611

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Reversing the Trend: Asian Investment in Los Angeles - The Korean Air Green, TO D, Mixed-Use, Fully Entitled, Downtown Development (David Martin) - ULI Fall Meeting 102611

  1. 1. Reversing the Trend:Asian Investment inLos AngelesChristopher C. Martin, FIAI -- Moderator Ayahlushim Getachew -- Panelist David C. Martin, FAIA -- Panelist William Roschen, FAIA -- Panelist
  2. 2. Project Economics• Total project cost estimated at +$1 billion• Office cost = $500-575/sf (all-in) – Up to 1.5 million SF – 50% pre-leasing likely required to secure financing• Hotel cost +/- $550,000/key (all-in) – 650-1,100 keys – 25 yr. TOT Subvention - $54 to $79 million (NPV$) – 50-65% LTC financing
  3. 3. Reversing the Trend:Asian Investment inLos Angeles
  4. 4. Objectives of the Study Vision1. Define an efficient, cost 1. Economy / Simplicity effective hotel and office plan.2. Create a great urban place. 2. Community3. Create an exemplary 3. Man / Nature sustainable project appropriate to Southern California.4. Create an iconic building which 4. Lyricism results from a poetic interpretation of the above.
  5. 5. Development Program 17
  6. 6. 22
  7. 7. Alternative Elevator Schemes 25
  8. 8. Reversing the Trend:Asian Investment inLos Angeles
  9. 9. Reversing the Trend:Asian Investment inLos Angeles

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