Producing the Downtown LA Market Report each quarter involves a lot of numbers and stats – from occupancy rates and new construction figures to square footage and leasing percentages – and making sense of the patterns and trends in all that data. But as any seasoned developer knows, to really understand what's going on in a market, you must get out there yourself and walk the streets, tour the properties, listen to the people, and experience the environment in real time.
On Wednesday, July 10th, over 1,300 Downtown LA residents, workers, and their canine friends gathered on the plaza at FIGat7th to celebrate the DCBID's 13th Annual Dog Day and to share an evening of mingling, music, and more. This annual event began at the Cathedral of Our Lady of the Angels as a way to help introduce neighbors, build community and to bring life to our streets.
Downtown Los Angeles is a city of art, and for art.
With galleries ranging from the cavernous to the intimate, DTLA boasts a vibrant and varied art scene that is constantly injecting new energies, bold assertions, and inspiring interpretations into the city. From the twin titans of MOCA and The Broad, to secret pop-ups and street art, Downtown LA is sparking with thought-provoking expression spanning the world-renowned to the underground.
No trip to LA is complete without exploring a gallery and here are five spots that are worth the time and will reward the effort.
Long-time Angelenos, young families, bold artists, and savvy professionals from around the world are flocking to Downtown LA for its culture, convenience, and community.
Over the past five years, DTLA has welcomed over 30 new residential properties and more than 20,000 new people who are now calling DTLA "home." It is one of the hottest areas of residential growth in the region and shows no signs of slowing. The streets are alive with foot traffic, restaurants are busy, rooftop bars are packed, and new businesses are opening across all the neighborhoods.
Living in Downtown LA is officially a "thing."
Downtown LA is packed with buzzy, in-the-moment restaurants, classic fine dining destinations, and comfortable staples. From long-time veteran restaurateurs and flashy celebrity chefs to their more modest tradesmen neighbors, DTLA has attracted a wide range of culinary leaders enticed by the opportunity to push epicurean boundaries and explore new concepts in one of the most interesting dining destinations on the Best Coast.
Have a look at five of Downtown LA's most notable and nosh-able.
Hacking the Highrise is about how DTLA's office towers are being reimagined for a new era of city living and a new generation of tenants.
We're looking inside, outside and all around: office spaces, common areas, infrastructure, technology, amenities, social activity, and cultural programming that connects people and companies within their buildings and to the surrounding neighborhoods.
What is DTLA IRL? An embodiment of all things DTLA. IN REAL LIFE!
Our HOLIDAY POP-UP activation at the corner of 7th St. and Olive St. - on the ground floor of the LA Athletic Club - will be a place where visitors can reboot and recharge during the holiday season. There will be art, local merchandise for sale, weekly events, and deals/details on downtown holiday happenings.
While we work with our creative partners at Neon Butterfly get the spaces ready for you, we wanted to give you a sneak peak at our work in progress!
As summer turns to autumn and we finally say goodbye to 100-degree days, most are happy to see the heat go. But just in the last 30 days, we've seen the opening of prominent stores that confirm the retail scene in Downtown LA is as hot as ever! Which is exactly what we say in our just-released 2018 Downtown LA Retail Report.
Here are some notable highlights of new retail shops that have opened within the last month.
dOGUMENTA is produced by Arts Brookfield and sponsored by Nature's Recipe. It runs September 14-16, 2018 and September 21-23, 2018 (11am - 6 pm) at FIGat7th on the Upper Plaza, 735 S. Figueroa Street. It's free, but reserving a ticket is strongly encouraged and guarantees entry, but walk-ins are welcome. For tickets and more info: Click Here
Get your leash ready and tell your pooch you're going to an art show ... for them. There are 9 art installations altogether designed specifically for our four-legged friends, where they are free to roam and explore at will. Also, both Sundays will have mobile dog adoption with LA Animal Services until 3 pm and trainers from the Los Angeles Positive Dog Trainer Alliance onsite each day of the exhibition for support.
This content was written by Nick Griffin and originally appeared on Urbanize LA.
The Downtown residential market has been on fire for years now, with the retail and restaurant scene smoldering in its wake. Now those sparks are beginning to ignite the commercial office market – with our Q2 Market Report showing growth in leasing activity, average rents and net absorption. But the numbers, while good news, aren't the real story.
Summer is the perfect excuse to get together with loved ones, to relax on DTLA rooftops, and to make happy hours a part of your weekly routine. What's better than enjoying summer nights out to dinner with the family, daytime rooftop parties with friends, or casual patio happy hours with coworkers? Summer cocktails...that's what. Top-notch, handcrafted refreshments make any summer experience that much more enjoyable, am I right? Labor Day will soon come and go, but we'll hold onto that summer feeling (and that summer heat) just a little while longer. Here are a handful of cocktails in DTLA to try before summer officially comes to a close. Cheers!
For many years, the Downtown Center BID has run a monthly Housing Tour showcasing everything DTLA has to offer to those looking for a more urban lifestyle in sprawling Los Angeles. Downtown LA has a weekday population of 500,000 (workers, tourists, and residents) but only 70,000+ people actually live here. However, the number of Downtown residents is expected to top 85,000 in the next few years.
On this housing tour, we show off some of the most dynamic neighborhoods in DTLA while exploring some of the newest residential communities. Our most recent DTLA Housing Tour was held on August 4th - starting at Bottega Louie, one of DTLA's finest restaurants. In case you weren't able to join us, here's a recap of the properties we explored.
On July 11, 2018, Downtown LA and their canine friends gathered at the Cathedral of Our Lady of the Angels to celebrate the 12th Annual Dog Day at the Cathedral, organized and hosted by the Downtown Center Business Improvement District (DCBID) and the Archdiocese of Los Angeles. The DCBID would like to thank the Title Sponsors Pussy & Pooch and The Bloc and our Premier Sponsor Downtown News.
Summer is in full swing, and with that brings family, friends, fun and…PHOTOS! We've got you covered with your DTLA Guide to Everything Summer and we're heating up with our #DTLASummer Photo Contest! We want to see how you're enjoying the summer sun and cool fun in DTLA.
The DCBID launched its "Hacking the Highrise" initiative on June 21st with a showcase event at Brookfield Properties' Wells Fargo Center North Tower. Attendees from across the real estate industry mixed and mingled over food and drink and heard from an expert panel on how the property is being reinvented for a new era of city living and a new generation of tenants.
A staycation, for those who've never taken one, is a vacation you enjoy in your very own city. A staycation has two rules: no work...and no chores. It's your chance to try out that new restaurant down the street, take a stroll under the stars, and may even be an opportunity to fall in love all over again with the neighborhood you call home. Join me while I explore four staycation destinations here in Downtown LA.
Hotel Figueroa opened in 1926 by YWCA, and became a hotel just three years later. In 1976, it was given a Moroccan makeover after years of being a residential hotel for tourists on a budget. The hotel has recently re-emerged from a two-year restoration inspired by its original 1926 Spanish Colonial splendor. Once you step inside, you'll discover locally sourced art, and an iconic coffin-shaped pool within a botanical hideaway. With an emphasis on natural light, the building was redesigned featuring white walls, wood floors and exposed wooden beams. Feel like splurging? Make sure to book one of their suites, which I've heard one of them has a hidden passageway that leads to an event space. For the foodies, make sure to experience Breva and Veranda. After dinner, visit Rick's for a lively neighborhood vibe complete with coastal and tropical-inspired cocktails.
Book your staycation with their Forever Summer special!
Summer is officially here...and with it come all of the sweet treats. While these confections are certainly available all year long, the summer season is the prime time to visit these dessert destinations. So, before you get lost in the freezer aisle of the grocery store and stock up on generic pints and popsicle sticks, plan to visit one, three or all five of the following locations to indulge in their sweet treats that will keep you cool this summer in DTLA.
After a record-breaking 2017 with over 2,800 new residential openings, the Downtown market remained strong in Q1, with news in all sectors reinforcing confidence in DTLA's continued growth.
The Downtown Center Business Improvement District (DCBID) released its Q4 2017 Downtown Market Report, revealing that the DTLA Renaissance grows ever stronger, with substantial gains scored across all sectors.
Downtown LA continued on its dynamic growth trajectory in Q3, despite a relatively slow quarter for the greater LA area. Leading the way was residential with another 1,380 rental units coming to market.
On the evening of October 31st, over 1,700 Downtown LA kids and families attended our Halloween Festival at FIDM Grand Hope Park. Now in it's 10th year, this social community event gives our Downtown families an opportunity to have a safe and fun Halloween party right in their own backyard. The event is made possible by the Downtown Center Business Improvement District (DCBID), a coalition of nearly 1,700 property owners committed to enhance the quality of life within the district.
On July 12, 2017, DTLA residents and their four-legged friends gathered at the Cathedral of Our Lady of the Angels to celebrate the 11th Annual Dog Day at the Cathedral, organized and hosted by the Downtown Center Business Improvement District and the Archdiocese of Los Angeles. The DCBID would like to thank the Title Sponsor Pussy & Pooch and Premier Sponsors Pet Project LA and Healthy Spot.
On the evening of October 31st, over 1,600 Downtown LA kids and families attended our Halloween Festival at FIDM Grand Hope Park. Now in it's 9th year, this social community event gives our Downtown families an opportunity to have a safe and fun Halloween party right in their own backyard. The event is made possible by the Downtown Center Business Improvement District (DCBID), a coalition of nearly 1,700 property owners committed to enhance the quality of life within the district.
On September 15, over 1,000 residents, workers and safety personnel attended our 17th Annual Public Safety Appreciation BBQ at Bank of America Plaza. The DCBID was joined by the Historic Core, Fashion District, and South Park BIDs to honor the men and women in uniform whose dedicated service makes Downtown LA a safe and enjoyable community.
On the evening of Wednesday, August 10th, the Downtown Center BID hosted a Summer Resident Mixer (ReMix) at the Gas Company Tower. Residents from over 30 buildings in our District were invited to an evening of mingling with neighbors, sampling small bites and sips from local DTLA businesses, making new friends, giveaways, a 360 degree view of DTLA, and more.
On July 13, 2016, DTLA residents and their four-legged friends gathered at the Cathedral of Our Lady of the Angels to celebrate the 10th Annual Dog Day at the Cathedral, organized and hosted by the Downtown Center Business Improvement District and the Archdiocese of Los Angeles. The DCBID would like to thank Forest City, Pet Project LA and Pussy and Pooch for being the Premier event sponsors.
Downtown LA is brimming with innovative food choices. One of our favorite destinations for a DTLA food adventure is Grand Central Market. The market opened in 1917 and has been in continuous operation since. With the ever changing population of Downtown, the open air market has also changed with the tides. It now showcases some of California's best chefs along with ingredients from around the world. Along with long-standing favorites like Tacos Tumbras a Tomas, Sticky Rice, and China Cafe (to name a few), the market is welcoming some new faces.
The DCBID held its Annual Property Owners Meeting on the morning of Thursday, April 14th at the historic Los Angeles Athletic Club. Guests enjoyed opening remarks from an exceptional panel of speakers including Councilmember Jose Huizar, LAPD Chief of Police Charlie Beck, Deputy Chief Robert Arcos, and Captain Howard Leslie.