DTLA 2023 Highlights & 2024 Outlook
As 2023 draws to a close, it is time to look back at the highlights of the past year and ahead to some exciting developments expected in 2024.
2023 Highlights
Regional Connector: Three New DTLA Metro Stations
With completion of this momentous project, Angelenos have faster, easier access to Downtown and its range of essential amenities and appealing attractions, as well as more convenient options for travel across the region, further solidifying DTLA’s position as the heart of the city.
Beaudry DTLA: Tallest Residential Tower in the West
Brookfield Properties opened their first new residential tower in DTLA with 785 units, making it the largest single-tower residential community not just in the region, but the whole West Coast, and reinforcing the allure of Downtown as a place to live, as well as work and play.
US Bank Tower: Renovations & Innovations
Silverstein Properties completed a $60 million renovation of the iconic US Bank Tower, demonstrating their confidence in the long-term promise of the DTLA office market, and helping attract several new industry-leading tenants, including McKinsey & Company.
Level 8 at The Moxy Hotel: Redefining Nightlife
Encompassing the hotel’s entire eighth floor, Level 8 is a unique, multifaceted destination and experience featuring eight entirely different dining and nightlife concepts including Chef Ray Garcia’s Que Barbaro and Michelin-starred chef Joshua Gill’s Maison Kasai and Mother of Pearl.
Pershing Square: Transforming Public Space
The long-awaited transformation of historic Pershing Square Park began with phase one renovation work to remove walls and barriers, update and modernize facilities, increase the amount of shade, green space, and the overall accessibility and comfort of the park.
10,000 Keys: Hotel Milestone
As the city prepares to host the 2028 Olympic Summer Games, hotel capacity in DTLA is critical. With the 2023 debuts of the AC & Moxy Hotels, Hotel Delphi, and two properties operated by Sonder, Downtown’s inventory passed 10,000 rooms, with another 7,500 in the pipeline.
Coming in 2024
Figueroa Eight: DTLA Nearing 100,000 Residents
With the DTLA 2040 Community Plan in place, Downtown is poised for significant growth of its residential population and will soon pass the 100,000-resident mark. 2024 will start with the opening of Figueroa Eight, the first of two major residential projects planned by Mitsui Fudosan.
California Hospital Medical Center: Serving the Downtown’s Growing Community
The centerpiece of the hospital’s $215 million expansion and modernization will be a 150,000 SF patient care tower opening this year, intended to help serve the growing population of the greater Downtown area.
LAX Metro Transit Center Station: DTLA to LAX by Rail
While not physically located in Downtown, extending the Metro K Line to connect with LAX Automated People Mover, anticipated to be completed in 2024, will allow arriving airline passengers to reach Downtown entirely by rail, with only one transfer required.
Colburn School Expansion: Third Gehry for DTLA
Groundbreaking is expected on the school’s 100,000 SF expansion, designed by Frank Gehry. The new facilities will include a 1,000-seat concert hall, four dance studios, a 100-seat studio theater, and other improvements intended to enhance the surrounding urban community.
DTLA.edu: UCLA & ASU Go Downtown & Gown
With UCLA’s purchase of the historic Trust Building and Arizona State University’s acquisition of FIDM, Downtown is quickly becoming a hotbed of educational activity, with both USC and Cal State LA also having a significant presence. UCLA has big plans for their Downtown campus, based partly around the fact that by 2027, the Purple Line extension will provide easy rail access to/from Westwood.
7th Street Streetscape: Mobility & Placemaking
A complete reimagining of the streetscape for this vital Downtown corridor, the 7th Street project includes protected bike lanes, sidewalk upgrades, new pedestrian lighting, street trees, and more. When completed in late 2024, the revitalization will extend from San Pedro St. to Figueroa St., making this key commercial corridor safer and more appealing for pedestrians, cyclists, shoppers and merchants.
