Money is flowing and dirt is moving on the long dormant site for the planned Loker Medical Arts Pavilion at Venice Blvd and Grand Ave. First, today's Globe Street reported that a $12.3 million loan was secured to help fund development of the new three-story medical office pavilion that's part of California Hospital Medical Center. You may recognize the Loker name because the sign advertising the project has been up at the corner at Venice and Grand for the last 185 years or so. Additionally, Carla Glaze, director of development at the California Hospital Medical Center, tells us that construction on the Loker project started in April, and the 65,000 square foot facility is expected to be finished by May 2010. This project has been on our radar simply because of that sign: According to the web site, construction was anticipated to be completed in the "fall of 2008," but given obvious delays, it looked like someone just changed the "8" to a "9" on the sign. Glaze couldn't tell us if the sign had been updated.
· Rendina Lands $12M Loan for Medical Project
· CurbedWire: Year Change for Pavilion? Design Talk, Pool Inspections [Curbed LA]