A World Full of Grand Plans

By Aaron Plewke

Jan 4, '08 3:07 PM EST

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Orhan Ayyüce
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Often it is the second or third owners that make money on these projects. The sprawling Playa Vista development on the west side of Los Angeles near Marina del Ray was the subject of a political battle a decade ago, and the stalled negotiations led to lenders foreclosing on the original developer, a venture led by property tycoon Robert Maguire III. That meant the end of plans for a complex of office and residential towers. A decade later, after negotiations that led to a donation of hundreds of acres of green space to the state, Playa Vista is nearly finished with the first of three phases of a scaled-down version.


i live near this soul less project that is nothing more than a bedroom community, choking the streets with traffic in the vicinity.
i think in the light of this project and i am suspicious of the others, the title of wsj article would be more appropriate if it was "A World Full of Shit."
Jan 4, 08 3:46 pm  · 
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