[Back in the boom days: Image via the LAFD]
Here's a different type of ghost building: It was last March that Ascent at Warner Center, developer KB Homes' 191-unit condominium project went up in flames, the blaze sparked by a welding tool. A reader recently wondered about the status of the five-story project, and it turns out the development has been sitting there unfinished since March. Since at least last July the sales office has been closed, according to the Union Organizers blog. Here's the statement KB Homes gave us: “While KB Home has temporarily suspended construction at Accent at Warner Center we remain optimistic about the future of the community. KB Home has been in business for over 50 years and will remain focused on building quality homes and providing superior customer service to all of our home owners in the Los Angeles area.” According to the Daily News, which also recently did a story on the project, KB Homes reported a net loss of $307.3 million in their most recent quarter.
· Developers facing difficult decisions [Daily News]
· Breaking: Massive-Looking Fire in Warner Center [Curbed LA]