Los Angeles and the California Redevelopment Agency is outrageous. Despite this deeply cynical ploy to give themselves a favorable advantage in negotiations, the council office is committed to continue to work with other city offices toward an agreement that brings a mixed-use project to this long vacant site; following our policy of substantially increasing the provision of affordable housing in all major projects.” Peebles has publicly and expressly stated "racism has impeded our progress" in Los Angeles, despite prior assurances that the project would on time and was meeting all deadlines to be open for the 2028 Olympics. Site K - New York, NY (Cancelled; RFP rescinded) In October 2021, Peebles press releases and statements announced he submitted bid documents for a skyscraper to be built at Site K, near Javitz Center, in New York City. On December 21, 2021, Governor Hochul and the Empire State Development Corporation, announced that it was rescinding the RFP in order to accommodate affordable housing. The Peebles proposal included no residential element, and specifically, no affordable housing component. Peebles Real Estate Fund Peebles has been unsuccessful in attracting investment for a real estate fund for the better part of a decade. In 2011, Peebles distributed offering materials for a real estate investment fund, but was unable to attract investors. In 2018, Peebles announced his corporation was starting a $500,000,000 real estate fund for women and minority developers. Although in July 2020, Peebles announced that the fund was ready to deploy capital, Peebles later admitted he was unable to attract capital. Despite not having investors, Peebles claimed the fund would begin investing in women- and minority-owned projects by the end of the year. In August 2021, Peebles announced he had not been able to obtain funding for the fund, citing an inability to attract investors. In January 2021, Peebles admitted he was unable to attract investors despite earlier claims that he would be deploying capital by the end of 2020. References External links Real estate investment trusts of the United States Real estate services companies of the United States Real estate companies established in 1983 Financial services companies established in 1983 Investment management companies of the United States Mortgage industry companies of the United States Property management companies