Downtown LA Development Update
The Los Angeles Downtown News checks in on 97 development projects and has a list of details and status updates for each. Excerpt:
It sounds like a cliché to say that Downtown Los Angeles is one of the hottest real estate markets in the country, but even a casual observer of the community would have a hard time denying it.
Just consider the last five months, a period during which more than a dozen major projects were announced or began construction. These range from a new housing project on the old Park Fifth site across from Pershing Square by veteran developer MacFarlane Partners to the groundbreaking of Metropolis, a South Park mega-complex first proposed (in a far different form) 27 years ago. A plan is underway to turn the historic Case Hotel on Broadway into a four-star boutique establishment, and a new park in the Arts District is in the prep stage.
These efforts come on the heels of an already impressive surge in Downtown development. All across the community, from Chinatown to City West to the Arts District to South Park, apartment and condominium buildings are under construction. A slate of hotels are in the works, and there are even plans to build office space for both white collar and creative firms.
Check out the list of 97 projects here: