Racked is no longer publishing. Thank you to everyone who read our work over the years. The archives will remain available here; for new stories, head over to Vox.com, where our staff is covering consumer culture for The Goods by Vox. You can also see what we’re up to by signing up here.
Curbed LA brings news that a seven-story mega-mall proposed for the corner opposite Koreatown's Wilshire Vermont Station has been scrapped—particularly embarassing since the building that once sat on the site has already been torn down in preparation. The land, which local developer Jerry Snyder attempted to purchase, has reportedly fallen out of escrow. And while there's still a chance that its current owners may use it for a housing project, Curbed tells us that's unlikely due to recent budget cuts. In the meantime, an empty, fenced mega-lot will add to the local scenery.
· Wilshire and Vermont Vertical Mall Is Never Happening [Curbed]
· Malled: Whoa—Potential Seven-Story Vertical Mall at Wilshire and Vermont! [Racked]