Price Flight - Californians Revitalizing Downtowns

For decades, California has been known as a land ofthat still dominate the area north on Beverly
lots of cars and long commutes--commutes that turnBoulevard. The actual boom began in 2004, when gas
freeways into endless parking lots. But with the priceprices began to rise rapidly.
of gas heading above $3.00 a gallon, even CaliforniansSuddenly, both small and large builders began to
are beginning to look into the possibility of living closerrealize that consumer sentiment concerning urban
to downtown areas.living was beginning to change quickly in California. So
The trend toward revitalizing downtown areas isn'tbuilders in Los Angeles, Burbank, and Long Beach
new. Witness the rebirth of such downtowns asbegan to rethink the concept of urban residential
Detroit, Michigan, or Portland, Oregon. But Californiansliving and went to work to fill the growing demand
seemed to buck that trend, continuing to movefor livable spaces closer to downtown areas. In 2005,
farther and farther from their jobs and commutingthe boom really took off, including a 325 percent
on congested, pollution-spewing freeways for hoursincrease in new attached housing units in various
on end. But that may be coming to an end, becauseSouthern California downtown areas in just one year.
the Golden State seems to be experiencing theNumbers like that were bound to attract more
rebirth of many of its downtown areas, as well.builders to cash in on the trend. That was the case in
Such areas as Hollywood, South Bay, and Sanplaces like Inglewood, where the urban building boom
Fernando are seeing building booms in theiris now in full swing, driven by people who no longer
downtown areas, and even downtown Los Angeles,want to fight California's world-famous
the automobile capital of the world, has begun totraffic--especially people who work at Los Angeles
emerge from the ashes of neglect and apathy. TheAirport (LAX).
boom is being drive by high gasoline prices and lessSo it appears that California is being forced to join
willingness on the part of people to commute longthe rest of the nation in revitalizing its downtown
distances in heavy traffic.areas, which will be a boon to everyone
In Los Angeles, the area around CBS Television Cityinvolved--including Planet Earth, which will see less
is growing by leaps and bounds, including a newpollution as Californians take to the highway in fewer
upscale mall and several nicely designed multifamilyand fewer numbers.
structures that fit in well with the elaborate mansionsCopyright © 2006 Jeanette J.