The Los Angeles Department of Building and Safety (LADBS) says the city issued $1.3 billion in building permits between Oct. 1 and Dec. 31, 2021 (second Fiscal Year quarter), a decline of about 13 percent from the $1.5 billion in permits issued in the same period in 2020. Overall the city expects that it will issue 163,000 permits this fiscal year, valued at $6.2 billion.
While the overall volume of permits declined in the past quarter, the number of permits issued increased by 8 percent from the 36,143 in 2020 to 39,164 last year.
The largest project in the quarter is a 53-story mixed-use apartment building at 232 W. Second St., valued at $264 million. The Omni Times Square redevelopment project has been controversial, in part because of its limited number of affordable housing units.
See the complete statistical report provided by LADBS:
|
|
|
California Construction News staff writer California’s infrastructure is getting a significant makeover with a $180…
California Construction News staff writer The Wallis Annenberg Wildlife Crossing being built outside Los Angeles…
California Construction News staff writer A $900-million project to replace the pair of aging bridges…
California Construction News staff writer Bakersfield city council has approved a plan to buy the…
California Construction News staff writer Sunnydale HOPE SF, two affordable housing projects in San Francisco…
California Construction News staff writer DisneylandForward, a $1.9 billion expansion plan, is expected to receive…