When Mark Levy, president of development firm City Market of Los Angeles, first proposed redeveloping a former produce market in the Fashion District into a sprawling new mega-complex six years ago, he knew it would be a tough bargain with the city. The Fashion District, a historically industrial neighborhood, has been slow to join the renaissance washing over other Downtown areas like the Arts District and South Park. The 1.7 million-square-foot project had the potential […]
source https://therealdeal.com/la/2018/09/24/to-build-or-not-to-build-cost-of-rezoning-has-developers-paying-millions/
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