The pace of housing development in Los Angeles continues to lag behind the pace of previous decades, but building booms in Hollywood, Koreatown, and downtown are rapidly reshaping the skyline of the city.
A fresh study from the building analyst discovers that as of the start of July, the amount of cranes working around Los Angeles has risen to 36.
That’s seven more building cranes than the town had when at the start of the year the company last counted. Work has since wrapped up on the Wilshire Grand— now the highest tower in LA. But other significant initiatives, including the two-tower 1212 Flower construction of South Park and the fifth growth of the Pershing Square adjacent Park, have started to increase.
According to the new count, only Seattle — in the midst of a historic boom in development — boasts more cranes than Los Angeles. LA edged out Chicago and Denver to take second place on the list, where 34 and 35 cranes are in service. With 32 cranes, Portland, Oregon finished the top five.
Of course, no U.S. town comes close to competing with the quantity of significant building that is now taking place in Toronto, where an amazing 72 cranes are helping a condo boom that has generated over 90,000 units in just four years.