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.
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.