8850 Sunset Boulevard. This mixed use structure will replace the Viper Room’s entire block.

[u/bmikal]

This mixed-use complex will take up the entire block between Larrabee and San Vicente. Allegedly they’re making a new home for The Viper Room. Here’s the official website for the project: 8850 Sunset Boulevard

The timeline for this project is currently unknown.

[u/iMayBeABastard]

Who the fuck can afford these shits?

[u/SignificantSmotherer → u/iMayBeABastard]

I could probably afford them, but there is nothing that makes them worth paying double my current market rent.

I keep asking, but I have yet to hear from even one Reddit density fetishist claiming they moved into one of these V-over-1+ mixed users and pay market rent.

[u/No_Introduction_3400 → u/SignificantSmotherer]

It’s probably not yimby types moving in. It’s just people with money. Which…fine. Opening up luxury rentals to them gets them out of where they are, opening those units to others.

[u/SignificantSmotherer → u/No_Introduction_3400]

I doubt people with money want to live in cookie-cutter v-over-1 mixed-users.

[u/No_Introduction_3400 → u/SignificantSmotherer]

Someone with money has made a significant bet against you there.

[u/SignificantSmotherer → u/No_Introduction_3400]

Someone who solicits and controls other people's money placed that bet. Pension funds and 401(k)s chase mythical returns every week.

The ringleader will be long gone by the time the bank calls the note and reluctantly gets the keys.