The wave of press regarding this Sunday's opening of the Gold Line extension is beginning to crest. The Los Angeles Business Journal looks at the planned developments around the line, and according to the paper, Metro had hoped to have six Gold Line-adjacent projects and 275 units of affordable housing under construction at this point. None of these projects have broken ground, with financing the major stumbling block (there are at least a dozen projects, many mixed-use and affordable housing, seeking funding). Not that growth has stopped--a handful of new shopping centers have opened up in the last couple of years to serve the area's 150,000 residents. [Pictured: the killer view at the Mariachi Plaza stop by Francisco Cendejas via Flickr]
Developments planned near the Mariachi Plaza subway stop in Boyle Heights:
-Developer McCormack Baron Salazar wants to build a mixed-use structure on 3.5 acres. There would be 100 affordable housing units and 6,000 square feet of retail.
- JSM Construction is working with another 3.5 acre site, in hopes of bringing 160,000 square feet of retail and office space.
-The Boyle Hotel will undergo a $21 million renovation if the nonprofit East Los Angeles Community Corp. has its way. The redo would turn the hotel into 51 affordable apartments. Financing isn't there yet, but the hope is to have this done by early 2012.
Near the East LA Civic Center stop:
-A former Red Cross building could become 60 housing units fronted by ground-floor retail if developer National Core Community Renaissance can find financing. The project would cost $17 million.
Though it's several blocks south of the Gold Line's terminus at Altantic and Pomona, the LABJ also mentions the attempt by the Charles Co. to turn the 82-year-old Golden Gate Theatre building (on the National Register of Historic Places) into a CVS. Preservationists are fighting this one.
Not everyone is looking for a big redevelopment of this part of town. At the Gold Line media event a week and a half ago, City Councilman Jose Huizar told us he's not interested in large-scale development along the route.