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Developers Wanted for Historic Core's Dreary South Spring

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One of the most dreadful wastes of space in the Historic Core could be filled in with a new skyscraper, reports Brigham Yen. A Downtown real estate broker is marketing the parking lot at the northwest corner of Eighth and Spring to developers, hoping they will construct something big—the picture is an imaginary rendering as no developer is attached at the moment. New Downtown Brokerage is offering entitlements that expire in four years but can be extended another two; in the marketing brochure for the space, the 39,000 square foot parking lot is described as "one of the last remaining development sites in Downtown Los Angeles" (considering DTLA's innumerable surface parking lots, that claim is a laugh). Even though The Chapman Lofts and Terroni are steps away, this part of Spring is pretty much a wasteland, especially compared to a few blocks north, an area that teems with restaurants, bars, and street life.
· Downtown LA Parking Lot Next to Chapman Lofts at 8th/Spring Looking for High-Rise Developer [BY]