Terra-Petra designs subterranean waterproofing on DTLA Oceanwide Plaza

Working closely with Oceanwide Plaza, LLC Vice President Peter Lai (featured in the video below), Terra-Petra designed the subterranean waterproofing  (which Terra-Petra is also still currently inspecting).on the walls of Oceanwide Plaza project site – easily seen via the aerial camera shots in the video. Lendlease, an international property and infrastructure company, recently announced the completion of the initial mat foundation pour for the Oceanwide Plaza development in Downtown Los Angeles to allow for vertical construction of the project to begin. Read the article here

Read the full article here.

Terra-Petra Environmental Engineering Helps Developer with Pico Gateway Apartments Project Success

Terra-Petra designed the environmental engineering designs and waterproofing systems for this multifamily property in the Pico-Robertson neighborhood just sold for $22.4M a few years back. As always, Terra-Petra is quite proud to be a part of the revision and revamping of land that was up until today, unusable. The revitalization of the LA Basin continues with environmental engineering being a key component of developers' success stories. So now, in what is becoming to be known as an increasingly popular Westside area, this building is being described as a “very high-quality property in a great location." 

This Week's LA Deal Sheet

The fully occupied Pico Gateway Apartments location offers 48,275 SF of rentable space, including 7,500 SF of ground-floor retail, 39 apartments and more than 135 underground parking spaces. Just two blocks from Beverly Hills, which is also a draw, apartment amenities include double sinks for preparing kosher meals, maple hardwood floors, double-paned windows to block out street noise and appliances. 

There is also an optional Shabbat elevator for residents to use on the Jewish Sabbath. Projected growth in the area is making the neighborhood increasingly popular. A recent study shows the population on the Westside could grow by 3.4% over the next five years. 


Read the full story about this properties sale at: Bisnow.com

Terra-Petra Supports Los Angeles Micropolitan Project General Contractor

Terra-Petra supported Frymer Construction to successfully ensure the environmental integrity of the Micropolitan at Urban Lights Multifamily Community project — located near the Los Angeles County Museum of Art and the up-and-coming LA Metro Purple Line station in Downtown Los Angeles.

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The Micropolitan is situated near the Los Angeles County Museum of Art, and is within a two-minute walk of the Los Angeles Metro Purple Line station, which will soon debut.

The Micropolitan is situated near the Los Angeles County Museum of Art, and is within a two-minute walk of the Los Angeles Metro Purple Line station, which will soon debut.

LOS ANGELES — A private 1031 exchange investor has purchased The Micropolitan at Urban Lights, a 45-unit multifamily community in the Miracle Mile submarket of Los Angeles, for $27.1 million. The community is located at 739 S. Ogden Drive.

The Micropolitan was built in 2015. It is situated near the Los Angeles County Museum of Art, and is within a two-minute walk of the Los Angeles Metro Purple Line station, which will soon debut.

Ron Harris and Paul Darrow of Institutional Property Advisors represented the seller, Micropolitan, a subsidiary of Psomas, in this transaction.

 

950 E Third St development breaks ground in DTLA – Terra-Petra Contributor

Terra-Petra contributes environmental construction services for the developer of one of the newer projects in downtown Los Angeles. The $215M mixed-use development that broke ground March 2016 is scheduled to compelete at the end of the year in 2017. 

NEW RENDERINGS OF ARTS DISTRICT DEVELOPMENT UNVEILED


 

 

 

 

 

 

 

 

 

 

 

 

 

 


Mar 22, 2016 Karen Jordan, Bisnow,

Fairfield Residential renderings have just been revealed for 950 E Third St, a $215M mixed-use development that broke ground last week in the Arts District. Fairfield Residential and Legendary Development have released in-progress exterior renderings of the project. It will have five- and six-story buildings with 472 studio, one- and two-bedroom apartments along with 22k SF of ground-floor retail, according to Urbanize LA. Amenities include social and sweat lounges, a dog wash and play area, a rooftop deck and a courtyard. Kava Massih Architects is designing the project, which will use similar materials, tones and colors to those of existing buildings throughout the neighborhood.  The project is scheduled to be partially completed by December 2017. [ULA]

Park Fifth development in DTLA will break ground in April

Based on its intimate knowledge of the City of Los Angeles plan checking requirements, Portland-based architects, Ankrom Moisan brought in Terra-Petra environment engineers to work with the firm's in-house design team to help with design as well as consult on code-complaint systems for the Park Fifth project. The mixed-use development will replace parking lot near Pershing Square in Downtown Los Angeles and is scheduled to break ground in April. 

Read more about this exciting project on Urbaniz.LA.

The project is being designed by Portland-based Ankrom Moisan Architects, and will be

Terra-Petra contributes to new projects transforming Downtown LA

As one of the most well-known environmental engineering and building waterproofing companies in the Los Angeles basin, Terra-Petra is currently working on or has completed some very high-profile projects in the Downtown LA area. Some of the most notable projects, among many others, include:

The Wilshire Grand Tower – the Wilshire Grand skyscraper will one day be the tallest west of Chicago. (Terra-Petra photo of project start to the right.)

The Metropolis, a $1B development is one of the largest mixed-use projects under construction on the West Coast.

Oceanwide Plaza will break ground in spring 2015. This $1B project will have a total of three towers and an expansive above-ground outdoor space. A five star hotel and 200k SF of commercial space will be included. There will be 504 condos and 183 hotel rooms.

South Park Mega-Project (Chinese developer Shenzhen Hazens) is a three towers along Figueroa Street across from L.A. Live. A 30-story hotel tower would rise at the northwest corner of Flower and Eleventh streets. A 30-story condo tower would be at Figueroa and Eleventh streets, and a 42-story condo tower would be at Figueroa and Olympic.

According to the Los Angeles Department of Building and Safety (LADBS), the "flurry of activity" in the recent years is defiantly the biggest construction boom they have witnessed since the 1980s.

However, LADBS does say that it is yet to be seen if it's the biggest boom in history or not. 

Stay tuned.

4 DEVELOPMENTS THAT WILL TRANSFORM FIGUEROA
Los Angeles Mixed-Use Jan 14, 2016 Jerry Liu, Bisnow, LA

We already told you about some of the mega-projects that will reshape Sunset Boulevard, perhaps one of the most famous thoroughfares in the world. But if you're really following what's hot in LA, it's all about Downtown. So we decided to take a look at some of the developments that will reshape the future of one of Downtown's most notable streets:

1. Circa
Location: 1200 Figueroa Players: Hankey Investment, Jamison Services, Falcon California Investments, Highlands Capital, Harley Ellis Devereaux, LendLease. Completion date: Late 2017. The $500M project will build twin 35-story towers housing 648 luxury condos on top of a seven-story retail podium. There will also be 48k SF of retail and 1,770 parking spaces. This project broke ground in summer 2015 and features a curved glass look that offers a panoramic view of LA, and many other neighboring high-rises, including the Metropolis. Bisnow chatted with Hankey president Scott Dobbins this week to get the latest status update on the development.

2. Oceanwide Plaza
Location: Figueroa and 11th Players: Oceanwide Real Estate Group. Completion date: 2018, condos hit the market in 2017. Breaking ground in spring 2015, this $1B project will have a total of three towers and an expansive above-ground outdoor space. A five star hotel and 200k SF of commercial space will be included. There will be 504 condos and 183 hotel rooms total. Chinese firm Oceanwide had previously acquired the development from New York City-based Moinian Group. This will be the first real estate venture for Oceanwide outside China.

3. Shenzhen Hazens
Location: Entire block bounded by Figueroa, 11th Street, Flower Street and Olympic Boulevard Players: Shenzhen Hazens, Gensler Completion date: After 2020. It's no secret Chinese firms are transforming the LA landscape. Shenzhen Hazens will add to the mix with a $700M redevelopment in the Luxe Hotel area. The project plans to break ground in 2017 and will be split into two phases. Phase 1 would build two 30-story towers, one residential and one hotel. Phase 2 would completely replace the Luxe Hotel with a 42-story residential tower. Expect the finished mega-project to have 650 luxury condos, 250 hotel rooms and 80k SF of retail space. We caught up with Shenzhen Hazens Group executive project director Sonnet Hui recently to get more on the company's plans.

4. MyFigueroa
Location: Four miles of streets from Downtown LA to South LA. Players: LADOT, Troller Mayer Associates, Melendrez, GEHL Architects. Completion date: 2017. Promising to make it easier for transit and bicycle users, this project will start in late spring 2016 and complete in 2017 under a $20M budget. It will link USC and Exposition Park to Downtown LA with better signals, signage, crosswalks, transit platforms, bikeways and trees. There will be on-street, fully separated bike lanes on each side of Figueroa for 27 signalized intersections. There will also be a lot more accommodations for public transit, including for the Silver Line and the upcoming streetcar service.

Update on Terra-Petra’s Pacific City Oil Well Abandonment Project

Joe Morelli, Fire Protection Analyst of the HBDF, and Terra-Petra's Larry Barnes consulting near an abandoned oil well trenchNearly two years after commencing environmental work on the Pacific City project in Huntington Beach, California, the site is prepared for further construction. After intensive environmental work to verify the integrity of the on-site oil and water well abandonments, all necessary permits are in place to start constructing the foundation of the approximately 190,000 sq. ft. property. Terra-Petra is proud to have taken part in such a notable development project while contributing to tremendous cost savings for the client.

In order to bring incredible value to the project, Terra-Petra came to a practical remediation plan contradictory to one which may have been reached by blindly conforming to re-abandonment codes and procedures. After a careful review of all information obtained from field explorations and well documents from the DOGGR, Larry Barnes – Terra-Petra’s Senior Petroleum Geologist – determined that a minimally intrusive remediation approach would be sufficient for the site. This approach involved shortening all wells to a depth between 6 and 10 feet below grade, recapping each well head with a circular metal plate, and installing a methane mitigation vent cone at each well head. Rather than disturbing the abandoned wells and replacing all cement plugs with costly drilling expenses, this much more non-intrusive approach was deemed more than adequate for preventing any future leaks and site contamination.

In convincing the governing agencies that is safer to leave the wells relatively undisturbed and proceeding with the aforementioned action plan, Terra-Petra was able to successfully save the client millions of dollars while simultaneously reducing their risks on this sizeable development project. With the combined expertise of the construction team Terra-Petra was able to meet the expedited construction schedule. The client is now in the process of grading the site in preparation for foundation construction. Terra-Petra will be on hand to proceed with the necessary methane gas mitigation measures on the foundation of the site for the safety of future site residents.

[PHOTO: Joe Morelli, Fire Protection Analyst of the HBDF, and  Terra-Petra's Larry Barnes consulting near an abandoned oil well trench.]

Terra-Petra helps deveolper save millions with oil well remediation plan

Excavation equipment unearthing an identified oil wellTerra-Petra’s construction division was recently contacted to prepare an Oil Well History Report of 20 oil wells located on an 18 acre site in Huntington Beach, California. In accordance with the requirements of the Huntington Beach Fire Department, Terra-Petra’s team performed a “sniff test” on the oil well heads, then followed up with appropriate necessary re-abandonment activities in order to stop any leakage and contamination. 

Photo on right: Excavation equipment unearthing an identified oil well.

See more photo highlights below.

The scope of work began with surveying and staking the location of all 20 oil wells and providing excavation equipment and labor to uncover 15 of the abandoned wells while making them safe for entry. Dave Lucero, Terra-Petra’s Senior Project Scientist, was responsible for managing all excavation/backfilling operations and overseeing the entirety of field activities.

Dave also monitored all soil stockpiles for V.O.C. emissions and dust control per the requirements of the South Coast Air Quality Management District's Rule 1166.1. With Dave's extensive field experience and expert project oversight all oil wells were located, excavated, and exposed for sniff testing.

Larry Barnes, Terra-Petra’s Senior Geologist, took charge of conducting the sniff testing of each of the 15 excavated oil wells, 5 vented oil wells, and monitoring for fugitive gas emissions at each well head per the requirements of Huntington Beach Fire Department City Spec. 422 and the California Division of Oil, Gas, and Geothermal Resources (DOGGR).

As a California Licensed Petroleum Geologist, Larry’s duties included documenting the wells’ history, the casing and liners of the wells, the type of cement used to complete the well abandonments, preparing well diagrams, and recording information on all oil/gas zones. With this comprehensive information Larry was able to provide the developer with an ongoing Oil Well History Report for the Huntington Beach site. His expert knowledge in the geological field and long-standing relationship with the DOGGR facilitate the process of determining the level of safety for structures to be built over or near the wells and the corresponding safety recommendations.

After a careful review of all information obtained from field explorations and well documents obtained from the DOGGR, Terra-Petra came to a practical remediation plan contradictory to one which may have been reached simply by conforming to re-abandonment codes and procedures. Rather than disturbing the abandoned wells and replacing all cement plugs with costly drilling expenses, it was determined that a much more non-intrusive approach would be more than adequate for preventing any future leaks and site contamination. This approach involved shortening all wells to a depth between 6 and 10 feet below grade, recapping each well head with a circular metal plate, and installing a methane mitigation vent cone at each well head. In convincing the governing agencies that is safer to leave the wells relatively undisturbed and proceeding with the aforementioned action plan, Terra-Petra has successfully saved the client millions of dollars on this notable development project.

With the combined expertise of the construction team Terra-Petra was able to meet the expedited construction schedule. The client is now prepared to proceed with the necessary gas mitigation measures for the safety of future site residents.

Photo highlights

An excavated trench revealing an abandoned oil well cap, 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

An excavated trench revealing an abandoned oil well cap.

 

 

 Terra-Petra excavation equipment compiling a soil stockpile near an abandoned oil well trench.

 

Terra-Petra excavation equipment compiling a soil stockpile near anabandoned oil well trench.

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 


Joe Morelli, Fire Protection Analyst of the HBDF, and Terra-Petra's Larry Barnes consulting near an abandoned oil well trench.

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 


 

A safe-to enter trench revealing the location of an oil well.

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

An excavated cement well plug.

Terra-Petra Welcomes San Francisco Bay Area Account Executive, Mark Wagner

Terra-Petra recently welcomed account executive, Mark Wagner, to the company’s San Francisco office. He will handle the management of the increased environmental engineering project workload coming out of a developing San Francisco Bay Area market. Mark’s degree in engineering and prior experience working for a Northern California firm that handles contaminated soil and water remediation makes him the perfect person to serve as Bay Area account executive for Terra-Petra.  

Mark received his engineering degree from Messiah College in Mechanicsburg Pennsylvania—where is also held a position as student project manager for the school’s Biodiesel Project. In this role, he conducted research for possible uses of glycerin from the biodiesel production process and led a team of peers to focus on engineering design project management. While attending Messiah, he also spent time as an intern for HCJB Global in Ecuador, gaining experience in topographical map development as well as direct project oversight and successfully led the development of a spring preserve for a community of 85 residents to access clean water in the Amazon. 

Mark gained his most recent project management experience serving as project coordinator for Innovative Construction Solutions. At Innovative, he had the opportunity to gain insight into environmental remediation working with multiple project managers, and tracking progress on multiple projects throughout the Bay Area. Mark Wagner is a true pioneer in the environmental engineering industry and the perfect fit for Terra-Petra’s expansion into the Bay Area.

Terra-Petra’s Justin Conaway review of the 4th Annual San Francisco State of the Market Address

4TH ANNUAL SAN FRANCISCO STATE OF THE MARKETTerra-Petra Vice President, Justin Conaway, was one of 600 industry professionals who attended the 4th Annual San Francisco State of the Market Address hosted by Bisnow. The event took place on January 20, 2015 at the Marriott Marquis in San Francisco and presented the current and projected state of the residential and commercial markets in the Bay Area. The format was set up as a series of panel discussions that included a broad spectrum of stakeholders, including residential and commercial developers, city planning commissioners, contractors and entitlement lawyers. San Francisco is booming and is now the number one real estate market in the U.S

On behalf of Terra-Petra, Justin's goal was to get a sense of the future projections in the City and surrounding Bay Area. The topics of discussion that dominated conversation among most panelists (other than their favorite restaurant) included the fact that increased demand for housing in San Francisco is leading to a supply crisis, how companies are managing the escalating costs of construction, the uncertainty of impact of Prop. M on development, as well as the Affordable Housing issue.

Tony Natsis of Allen Matkins served as the Keynote moderator during the interview of John Kilroy, CEO of Kilroy Realty Corp. Mr. Kilroy spoke passionately of the benefits of developing new properties rather than re-entitling existing structures and renovating them into commercial or residential properties, and claimed that he was “scared to death of the entitlement process.” More importantly, in his experience, it is always easier to develop a best-in-class facility for the long run, from the ground up, than it is to renovate an existing structure. According to Natsis, the Millennials entering the work force in San Francisco are now looking for non-traditional work spaces, huge floor plates and high ceilings. “These are scarce commodities that aren’t found in existing structures. John and his team have elected to lead the parade by building what the clients are demanding rather than to get run over by it,” he said.

The second panel discussion on residential development included the following panelists: Eric Tao (AGI Capital), Oz Ericson (Emerald Fund), Carl Shannon, Tishman Speyer and Bruce Berardi (Lend Lease), and Paul Zeger (Polaris Pacific), who served as the moderator. This panel spoke primarily about the current housing crisis in the City, escalating construction costs, the imbalance of new apartments to new condos and the affordable housing issue.

Oz Ericson stated that there are currently 8,000 residential units under construction in the city. 80% of which are apartment units, the other 20% is comprised of condos. Why such an imbalance? It is based on financing and tax “disincentives” as Mr. Shannon explains it. Apparently securing a loan for a new condo project is becoming next to impossible. Ericson shed some further light on the issue, “we have been sued on every condo we have ever done.” Eric Tao with a bit of comic relief added “we know all of the condo attorneys. We know they are going to sue us.  It’s not personal, its business.”  Basic economics also plays into the decision making process. Apartments are being sold at $1.7M per unit whereas condos are fetching $1.2M per unit.

Eric Tao spoke of a potential slowdown in new construction due to construction costs: “We are not going to build until there is an adjustment in pricing.”  Bruce Berardi added that the increased construction costs are due to general economics: “demand is an awful lot and that drives up costs.”  Ericson further stated that the cost of construction has doubled in the last 4 years to a point where the “cost per door” (price per unit) is approximately $725,000. “At this price it is absolutely impossible to rent for $1,000/month.”

Mr. Ericson claimed that “affordable housing is the most serious issue in San Francisco right now.” Currently San Francisco requires that a certain percentage of all new residential units are rented below market rate to low income families. Residential development is becoming uneconomical with disappearing margins due to the rising costs of construction and the exhaustion of bond subsidies for affordable housing units. Mr. Tao echoed this sentiment when he said “as an industry we all need to help support the affordable housing bond. If it doesn’t pass construction will shut down.”

The third and final panel consisted of retail industry professionals and was moderated by Matt Macko (Environmental Building Strategies) and included: Cameron Falconer (Hines), Alexa Arena (Forest City), Jes Pederson (Webcor), Matt Field (TMG Partners) and John Rahaim, City of San Francisco Planning Director. Prop M commanded the most attention from this panel as “the cap” is coming close to being reached. Prop M, a law approved in 1986, only allows the addition of 875,000 sq. ft. of large office space to the city limit each year.

John Rahaim started the panel off by explaining that 2015 is the year that the City of San Francisco finally “fishes or cuts bait” on the affordable housing question and the affordable retail question. Rahaim projects growth over the next year, then a leveling off for the next couple years.

The panel, as a whole, spoke about the challenges they are currently facing in the retail market. These include market scarcity (80% of the growth is on 40% of the land), availability of land near transportation hubs, affordability of construction, rent control and Prop. M.

The 4th Annual San Francisco State of the Market Address provided a great balance of information on the state of retail and residential development in San Francisco. The seminar was well attended which implies that we are experiencing a thriving industry. 

So what is Justin Conaway's (and Terra-Petra’s) overview of and takeaway from the event?

Development will continue for the next several years despite the grievances of many of the panelists regarding affordable housing mandates and rising construction costs. Positive indicators include city planners’ expectations to greenlight a record number of office space projects in 2015, including TMG Partner’s 50M First Street project in Transbay, Forest City’s 5M project, and the proposed Armory redevelopment. With the demand for housing and office space so high, the market has no other option than to adjust to accommodate it. Several theoretical resolutions were offered during this seminar alone that gives us confidence these issues will be resolved.