LA to rescind approvals for downtown project linked to federal investigation
Officials in Downtown Los Angeles are moving to cancel building permits for a $700 million mixed-use development embroiled in a sprawling federal corruption investigation working its way through the city government's highest levels. In June, Los Angeles City Planning Director Vince Bertoni, at the request of LA City Attorney Mike Feuer, informed the American subsidiary of Chinese developer Shenzhen Hazens Real Estate Group that the city had initiated “revocation proceedings” for the project's development approvals, The Real Deal reports. The 1020 Figueroa project in question is designed by a team that includes Gensler, Steinberg, and ABHE, and was approved in 2017 as a two-towered complex containing a 435 condominiums, a 300-room hotel, and an 80,000-square-foot retail podium. The development was set to join a growing string of hotel and apartment towers running adjacent to the Los Angeles Convention Center, the LA Live complex, and the Staples Center, but construction never got u...
Officials in Downtown Los Angeles are moving to cancel building permits for a $700 million mixed-use development embroiled in a sprawling federal corruption investigation working its way through the city government's highest levels.
In June, Los Angeles City Planning Director Vince Bertoni, at the request of LA City Attorney Mike Feuer, informed the American subsidiary of Chinese developer Shenzhen Hazens Real Estate Group that the city had initiated “revocation proceedings” for the project's development approvals, The Real Deal reports.
The 1020 Figueroa project in question is designed by a team that includes Gensler, Steinberg, and ABHE, and was approved in 2017 as a two-towered complex containing a 435 condominiums, a 300-room hotel, and an 80,000-square-foot retail podium. The development was set to join a growing string of hotel and apartment towers running adjacent to the Los Angeles Convention Center, the LA Live complex, and the Staples Center, but construction never got u...
