Show ' : aSot 6F d&i Sunday December 13 1987 The Salt Lake Tribune Californians Growing Sick to the Max of Comer S f £3i am aiiyi iSssiU Continued From F-- l cheaply and in bulk to developers “These corner lots gave retail-stor- e owners better street identity and established parking areas benefits above and beyond what they had when their businesses were in the middle of the block and fronted the street” said Los Angeles architect Tom Layman who has designed over 400 mini-mail- s since 1978 But complaints from neighborhood groups about insufficient parking and inadequate buffers between residential and commercial zones led the City Council in August to adopt a sixjmonth citywide moratorium on such developments “I’m not against doughnut shops outlets in concept” and fast-foo- d Woo said “I’m trying to encourage through the moratorium how the city cat create more neighborhood-or- i ented commercial development” Among the elements being considered to mitigate the complaints are tougher parking and landscaping redriveways quirements and one-wa- y to minimize traffic jams More extreme measures have been taken in Woo’s district which encompasses parts of Hollywood and the San Fernando Val- ley The City Council recently pedestrian-overlaapproved a zone for the area requiring at least 65 percent of all buildings 65000 square feet or- - smaller to front the sidewalk The move effectively rules out the most important criterion — parking in front Developers defend the proliferay mini-ma- ll tion of mini-mal- in Southern Cali- ls fornia as merely a response to the demands of a mobile society “The reliance on the automobile and the need for convenience are major aspects of the Southern California lifestyle" said Bob Heyman president of Key Centers Inc a madeveloper based in jor Canoga Park Calif “In truth people want minimalls” he said “If someone said a substantial majority of Angelenos shopped at one once a day I'd be- lieve it" Yet in Beverly Hills which is surrounded on three sides by Los Angeles the City Council unanimously apwithin its proved a ban on mini-mall- s major business zone and severe restrictions in other areas Planning officials in other California cities from Sacramento to San Diego claim that minimall problems are relatively unknown in their areas A yet unpublished study on minimalls was conducted by UCLA’s Nel Prices are steadily climbing according to industry statistics “It’s a much riskier venture now” Nelson said Tim Riley executive director of the Southern California Property Owners Association acknowledged that economics could very well stand in the way of future mini-ma- ll projects “Land values will dictate a change but that change will still have to reflect the demand for consumer services” Riley said “If prices get much higher it may not pencil in to y have these small centers” Earlier this year Los Angeles architect Donna Brown organized a national competition to explore design alternatives to the mini-ma“Some will survive merely because of their location and because coming and going doesn’t disrupt traffic patterns too much” she said “but others will fall because they were designed to last only a short time “The land they sit on will become so valuable that developers will tear them down to put up denser real estate” she added One alternative is a move toward the more urban European arrangements with housing on the upper floors and retail below Brown said Such developments are common in New York and San Francisco son along with fellow graduate student Rick Rosen Sponsored by a fellowship through Gensler & Associates a Century City architecture firm the study focused on how to mini-ma- ll create better convenience-oriente- d neighborhoods “Our general conclusion was that is the rate of growth of mini-malslowing and that they may not prove to be as significant a problem as residents and the city of Los Angeles feel” Nelson said In the 1970s many developers were able to purchase corner land parcels from the oil companies for as little as $30 a square foot Nelson said “They were extremely profitable in the past because of low land costs” he said Today few choice lots are available and properties gamer $75 to $100 per square foot ls plains the willingness of such tors to pay premium prices times startlingly invessome- high by previous standards for signature properties that are likely to remain tenanted for years ahead The foreign presence in real estate is found also in a less direct way according to Sean Burns Realtors re search economist Because of portfolio investments such as stocks and bonds — which are expected to total $110 billion in 1988 — foreigners financed an array of enterprises in waxing or waning in popularity Of those who said they have one “some or most of the time” nearly half reported a good turnout: over 75 percent of the company faithfully attends The survey also found that spouses and guests are invited to these parties “most of the time” ford-sight- EARN AKDGET JitfS ’teyy ll cluding homeownership Such financing the study concludes contributed to an additional 800000 sales of homes valued at $68 billion in 1986 WBUBSS&m irictuaro ifSl tm Sm tort DAILY m mm mm mme 11 bronze metallic Nevada brown leather completely equipped 72 mos closed end lease with purchase option plus license Residual $985080 total due at inception $48386 OAC NEW 1988 SAAB 9000 TURBO HQ iTBcHEBEE n ft ft ft G non 3ic : t s37610 Mo plus tax M YOUR INSURANCE PREMIUMS Prepare for renewals early Consider deductible levels Corroon & 3535 codes Review classification fjfj err mm mm ONLY 1 rtSfca CSnNmm- rax ciuvin a : It its TTSCCOUKD Company Christmas Parties Are Popular NEW YORK (UPI) — Office Christmas parties are alive and well with 80 percent of the companies that responded to one survey reporting they usually have one each year Adia Personnel Services of Menlo Park Calif polled 1104 personnel executives nationwide and asked them whether holiday parties are ” “We just need to have the Councilman Woo said “to1 make sure that whatever comes next isn’t worse” one-stor- Foreign Ownership in US Is Highly Concentrated Continued From F-- l insetting in and getting out very quickly and making a speculative killing” said John Tuccillo the Realtors chief economist Foreigners he said feel American real estate not only is a safe haven for capital but a source of attractive longterm yields In part this long-terview ex Mini-Mal- ls fj Stktt Srrkxt I WALL AVENUE — OGDEN UTAH 394-261- 1 Dlack Merrill Bean 3224252 Ogden Utah — Whatever your game we’ve got the plans SLC NOW CORROON & BLACK HAS MOVED TO NEW QUARTERS THAT ARE MORE CONVENIENT TO THE SALT LAKE VALLEY SALT LAKE CITY UT (801) 263-010- 0 4001 SOUTH 700 EAST tn9 oo U3 J & J Computers am o Payments Until March 171988 On Sears Deferred Credi IBM Compatibles: Complete with Monitor £5 mm OQ as IDEAUFOR HOMEtSCHOOL R®g $79995 IBM PERSONAL SYSTEM 2 MODEL 25 PRINTER SPECIALS CITIZEN 12QD 35" 720K Drive Software Sampler 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