Tom Wulf

Los Angeles is in its teenage years—and those come with growing pains. That is the analogy that Tom Wulf, SVP at development firm Lowe, made about the current lack of housing supply and affordability issues facing Los Angeles. The city has seen community backlash from this growth, and push for more density, in the form of Ballot Measures and new legislation that, in some cases has made it more expensive for developers to build in Los Angeles.

According to Wulf, the issues aren't legislation, but a natural process in the growth of a city. “I don't think it is so much the legislation,” he tells GlobeSt.com. “L.A. as a whole is in that teenage/puberty years in terms of the development of the city. We have had the low-growth density sprawl and we are not yet into adulthood. We are making the change into that, but it is a painful process.”

The backlash is especially intense from long-time residents that have single-family homes, and are watching their neighborhoods change. However, without more density and transit options, congestion could get worse. “When people have their single-family houses and you suddenly slap transit in the middle, there is concern about density,” says Wulf. “The alternative, though, is even worse because you are going to create more congestion. It is an education process. We are changing and evolving, and that always requires a discussion.”

Part of the solution to this problem is one of time. Los Angeles is growing into a dense urban landscape and growing pains are expected. However, Wulf says that developers should work within the community to educate the public and build properties that fulfill demand. “The challenge that we all face as an industry is educating the communities in which we all work,” he says. “It is almost a no brainer. We are trying to do is to create density, job centers and housing on alternative forms of transportation. We want to give people an alternative, but there is still a lot of opposition in terms of trying to create density. There is an education process, and until we have some success, it is going to be hard to tell that story.”

Lowe took on this challenge for its $300 million Ivy Station project, which is a transit-oriented development currently under construction. The property has residential, hotel, office and retail, and—while it just broke ground—Wulf says that the firm received support from the community.

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Kelsi Maree Borland

Kelsi Maree Borland is a freelance journalist and magazine writer based in Los Angeles, California. For more than 5 years, she has extensively reported on the commercial real estate industry, covering major deals across all commercial asset classes, investment strategy and capital markets trends, market commentary, economic trends and new technologies disrupting and revolutionizing the industry. Her work appears daily on GlobeSt.com and regularly in Real Estate Forum Magazine. As a magazine writer, she covers lifestyle and travel trends. Her work has appeared in Angeleno, Los Angeles Magazine, Travel and Leisure and more.

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