Construction delay: Wilshire and Barrington

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From Curbed LA: A highish-rise condo development on the Westside is on hold: ‘... the planned Wilshire-Barrington project, a 78-unit condominium development, is ... seeing delays. Per a (Curbed LA) reader, the dirt is just sitting there and nothing is happening. It’s the ‘restructuring the financing’ snag. ‘The land is clear, the permits are ready to issue,’ Tim Meier, director of development at California Landmark tells Curbed. ‘We have our construction financing all set to go, but we’re doing a re-capitalization of the partnership equity.’

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Photo Credit: Curbed LA