As the COVID-19 pandemic eases, the Los Angeles Department of Building and Safety (LADBS) reports a resurgence in building activity.
in a newsletter, the city reported a 15 per cent increase in building permit valuation, to $1.5 billion in the fourth quarter of Fiscal Year 2020-21 from $1.3 billion. The overall building permit volume for the fiscal year was $6.1 billion, LADBS reported.
The largest project in the final fiscal year quarter is a proposed 11-story, high-rise office building and parking garage at 444 W. Universal Hollywood Dr.
|
Construction Indicator
|
FY 2019-20
FYTD – Q4 |
FY 2020-21
FYTD – Q4 |
% Change
|
FY 2020-21
Total |
| Building Permit Valuation |
$1.3 Billion |
$1.5 Billion |
15% |
$6.1 Billion |
| Number of Permits |
26,324 |
40,888 |
55% |
147,690 |
| Number of Plan Checks |
14,180 |
18,006 |
27% |
66,688 |
| Inspections Performed |
238,258 |
242,946 |
2% |
930,744 |
The top five projects in the city between April 1 and June 30 were:
| Project Address | Construction Valuation | Project Description |
| 444 W. Universal Hollywood Dr. | $152.3 Million | New construction — Proposed 11-story, high-rise office building and parking garage. |
| 200 N. Vermont Ave. | $65.5 Million | New construction — Proposed six-story, 490-unit mixed-use apartment and retail building. |
| 5620 W. De Longpre Ave. | $41.7 Million | New construction — Proposed eight-story, 184-unit apartment building. |
| 7566 W. Sunset Blvd. | $35.5 Million | New construction – Proposed five-story, 128-unit mixed-use apartment building and retail building. |
| 3609 S. 10th Avenue | $22.8 Million | New construction — Proposed three-story, commercial office building and parking garage. |
