In what may be signs the local economy is starting to make a turn upwards... Several new building projects have recently gotten under way around the area. New construction has begun at the site of the old Carl's Jr. location at Santa Monica Bl. and La Brea Av. Also, demolition began inside the former Warner Hollywood Studios (now called "The Lot") at Formosa/Santa Monica Bl. to make way for new production and office space.
Also getting the demo treatment is the former KCOP studios property at Willoughby and La Brea which was held up by litigation. The project planned for the Movietown Plaza property occupied by Trader Joes at Poinsettia Pl/Santa Monica has been delayed due to financial issues involving the previous owner Casden Properties. A major remodel project has begun on the grand old building at the southwest corner of Romaine and La Brea..