The rate of housing development in Los Angeles continues to be behind with the times. Nonetheless, construction is on steady rise in Hollywood, Koreatown, and Downtown and is slowly reshaping the city’s skyline at a rapid pace.
A new survey from construction analyst Rider Levett Bucknall discover that the number of cranes at work around Los Angeles has gone up to 36 as of the start of July.
That’s seven more construction cranes than the city had when the firm last counted at the beginning of the year. Since then, work has wrapped on the Wilshire Grand—now LA’s tallest tower. But other LARGE projects, including South Park’s two-tower 1212 Flower development and the Pershing Square-adjacent Park Fifth development, have began on development as well.
Only Seattle — in the midst of a historic development boom — has more cranes than Los Angeles, according to the new count. LA slightly edged out Chicago and Denver, where 34 and 35 cranes are in operation, respectively, to take second place on the list. Portland, Oregon rounded out the top five with 32 cranes.
Of course, no U.S. city comes close to rivaling the amount of major construction now occurring in Toronto, where an incredible 81 cranes are aiding a condo boom that has generated more than 90,000 units in just the last four years.
ORIGINAL SOURCE: LA Curbed