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Boyle Heights Getting $2 Billlion Development Project

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Who needs De La Hoya, anyway? Following the pantyhosed boxer's pull-out of the Boyle Heights Sears project, yesterday the owners of Wyvernwood Garden Apartments, a 1,187-unit, Depression-era building, announced a $2-billion redevelopment plan that would build "4,400 environmentally sensitive condominiums and apartments," reports the LA Times. Via the paper: "If finished as planned, the complex would include some 24-story high-rises and rival in scope Park La Brea in the Fairfax district of Los Angeles, one of the largest housing projects in the West. Wyvernwood would have more than 20,000 residents served by new stores and offices." The Times notes that rents for one- to three-bedrooms at Wyvernwood currently range from $1,225 to $1,540, with prices expected to rise with the new building. The whole project will be done by 2020. Which is just around the corner, really.
· Towering ambitions for Boyle Heights [LA Times]
· De La Hoya Pulls Out Of Boyle Heights Sears Deal [Curbed LA]