California communities build—or seek—catalyst developments

August 11, 2010

Like cities across the country, communities in the Los Angeles area have acted to revitalize their downtown areas, or are mapping plans to do so.

Santa Monica and Pasadena are two communities that have taken such action. Santa Monica brought business back to its downtown with the Third Street Promenade, a three-block pedestrian mall adjacent to the Santa Monica Place retail mall.

"Old Town Pasadena" was developed in the 1990s. Described as a blend of restored brick buildings with a "yuppie overlay," the area includes a variety of bistros, restaurants and boutiques.

Culver City was until recently expecting a 20-screen theater complex to anchor three blocks now used as parking lots. Then the bottom fell out of the movie theater business, and American Movie Corp. withdrew from the project. City officials began negotiations with another movie chain for a theater half the size of the one originally planned. Meanwhile, a six-screen theater at the south end of the downtown area does not generate enough business to keep local restaurants busy. Without attractions to keep them downtown after dark, local residents head for Santa Monica, Hollywood or Marina del Rey.

CONSTRUCTION COSTS




Excavation

$480,000

Utilities/connections

228,000

Concrete foundations, walls

3,684,000

Mechanical ventilation

48,000

Plumbing

615,568

Electrical

898,051

HVAC

344,577

Doors

93,708

Painting

125,000

Fire sprinklers

235,000

Tenant improvements

372,310

Retail storefronts

116,803

Exterior stucco

333,500

Rough carpentry

786,885

Structural steel

16,750

Sheet metal/gutters

55,439

Roofing

37,000

Window sash, screens and glass

77,708

Lightweight concrete decking

31,050

Insulation/weatherstrip

29,428

Drywall

202,500

Cabinets and counter tops

128,652

Iron stairs, railings

170,180

Concrete flatwork and brick pavers

235,000

Wardrobe mirrors

65,000

Waterproof decking

71,000

Finish carpentry

80,387

Built-in appliances

65,081

Carpet and vertical blinds

115,000

Landscape/sprinklers

94,100

Cleanup/general labor

98,644

Elevators

165,000

Communications/fire alarm

83,710

Signage

16,790

Temporaries/security

57,456

Total*

$10,257,279



*Excludes contractors overhead and fee

         
 

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