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The Green Mile
Los Angeles Business Journal looks at the approval of six new construction plans along Miracle Mile. Five of the six are new residential complexes with first floor commerce space. The rents are expected to be $1500 to $3000. Residents are concerned about the increased congestion all the new housing and commerce will cause and that residential streets are going to become thoroughfares for high volume traffic.
Nevermind that, though, there is money to be made. With the Santa Monica street improvements going down further west, our suggestion is to get a bike.
photo by Ira Brown.