Downtown is bustling with new restaurants.

Restaurants, shopping--more upscale vs the more W2 oriented Laguna Niguel. 

Americans unleashed a flurry of pent-up demand for dining out, entertainment and vacations, aided by savings amassed from government relief, months of curbed spending and rock-bottom borrowing costs.Meanwhile, the rapid economic restart snarled global supply chains.

When I lived there almost no one went downtown, and now it's where all the cool events are happening, exciting new restaurants are opening, and the neighborhoods around it are improving. 

Which I originally though of renting long tem but i am also near a hospital the hollywood beach and restaurant bars.

Eating at home and packing lunches vs. restaurants.

We are looking to do a complete demolition of our current building (an old restaurant from the 60s) so that we can redevelop this land for a mixed-use property (apartments/commercial spaces).

The property has a leased(NNN) restaurant.

Another example of this is how many of what you think are the "nice" hotels with the big names have really nice lobbies and bar/restaurant areas, and then you get up to the room and they are complete garbage.

These are created by the property and therefore have a justification to survive.IRS liens are created by the previous owner who is wiped out - not the property - so IRS liens do not survive tax sales or foreclosures.As for the HOA fees surviving the tax sale, I think the precedent is that a tax sale is a break in chain.