Development News

The mission of the DCBID’s Economic Development team is to improve and revitalize Downtown Los Angeles and bring investment and new businesses to the area. Browse the latest Development News for information on construction & development projects in DTLA.

Spring Street's revival spreads to a downtown landmark: the Trust Building

LA Times | 9.20.2019

In a milestone for downtown’s Historic Core, an office building designed in the 1920s by two of L.A.'s most prominent architects has been restored for duty on a recovering stretch of Spring Street a few blocks from City Hall. The Art Deco-style tower opened in 1928 as the headquarters of the Title Insurance and Trust Co., one of the city’s biggest financial institutions in an era when Spring Street was hailed as the “Wall Street of the West.

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Jenga-like skyscraper near Pershing Square glides through planning commission

Curbed LA | 9.12.2019

Plans for what could become one of Downtown’s most unique-looking skyscrapers received unanimous approval today from the city’s planning commission. The 53-story hotel and condo tower would rise on a slim, L-shaped lot that wraps around the Pershing Square building, also owned by the tower’s developer, Jeffrey Fish of JMF Enterprises.

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Downtown’s cool Hoxton hotel slated to open in October with rooms from $129 per night

Curbed LA | 8.9.2019

After years of work repurposing a 1920s-era building, the owners of a new Downtown hotel are preparing for its October opening. The building at Broadway and Eleventh Street will open as a Hoxton hotel, a chic British brand with locations in London, Paris, New York, and Portland.

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A Sneak Peek at the Downtown Community Plan

Urbanize LA | 7.3.2019

In 2016, the Los Angeles Department of City Planning launched DTLA 2040 – a multi-year update of the Central City and Central City East Community Plans that determine land use and development rules for the Downtown area.  Though the final plan is still months away from publication, a draft document unveiled this week give a glimpse of what it will entail.

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Details Unfurled for $170M Renovation of Fashion District's California Market Center

Curbed LA | 6.18.2019

The Fashion District’s California Market Center is undergoing a $170 million, Gensler-designed renovation that’s aimed solidly at attracting tenants beyond the fashion industry….The upgrades officially kicked off in November. To passersby, the most obvious work might be the removal the two-story former bank building at the corner of Ninth and Main street.

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Here's a Look at the Scaled Back Plan for Angels Landing

Urbanize LA | 4.10.2019

An official project website provides a first glimpse at the more modest plan for Angels Landing, the proposed high-rise complex slated for the coveted Bunker Hill Y-1 parcel. The project, which would rise at the northwest corner of 4th and Hill Streets, is envisioned with two towers - standing 64 and 46 stories.

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Revitalization Projects Reawaken Downtown Los Angeles

NY Times | 3.5.2019

Los Angeles’s downtown was little more than a sleepy office district not too long ago, where tens of thousands of suburbanites would clear out by the end of the workday and scores of classic Beaux-Arts and Art Deco buildings sat vacant or underutilized....Today, cranes dot the skyline and construction routinely diverts traffic as Downtown Los Angeles — a neighborhood known as DTLA — undergoes the biggest development boom since the Roaring Twenties, when the area was then the center of the entertainment industry.

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Long-Delayed Grand Avenue Project in Downtown Los Angeles Kicks Off

LA Times | 2.11.2019

Architect Frank Gehry, billionaire philanthropist Eli Broad and civic leaders held a ceremonial groundbreaking on Monday for the Grand, a long-delayed massive development on Grand Avenue in downtown Los Angeles. Broad told attendees that the project stems from a vision of Grand Avenue becoming the arts, cultural and civic district for the region.

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Cambria Hotels Begins Transformation of Downtown Los Angeles Building with "Sky Breaking"

Hospitality.net | 1.28.2019

Choice is excited to announce that PNK Group Investments has begun construction on the Cambria Hotel Los Angeles - Spring Street in Downtown Los Angeles. Slated to open in 2020, the 13-story, 180-room hotel is the adaptive reuse of a Historic Core District building built in 1927 that was once the office for the Los Angeles Police Department Vice Squad.

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Downtown LA's Iconic CalEdison Building Sells To New York Firm For More Than $140M

Bisnow | 1.10.2019

The iconic Southern California Edison building, better known as The CalEdison, in downtown Los Angeles has been sold. New York-based GreenOak Real Estate has acquired Hermes Investment Management and the Lionstone Investment’s collective interest in the CalEdison in a deal reported at more than $140M.

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Times Mirror Square, Longtime Home of the LA Times, is Now a Landmark

Curbed LA | 12.5.2018

After a unanimous City Council vote today, part of Times Mirror Square—the Downtown campus that housed the Los Angeles Times for more than eight decades—is a city landmark. The landmark status applies to the oldest part of Times Mirror Square: a 1935 building by Hoover Dam architect Gordon Kaufmann and a 1948 addition designed by Rowland Crawford. That will not pose threat to the site’s redevelopment.

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DTLA's "Tinker-Toy" Parking Garage Makes Way for $1-Billion Development

Urbanize LA | 11.20.2018

Less than a month after closing financing for a $1-billion tower complex on the site, Related Cos. has begun demolition of the "tinker-toy" garage across the street from the Walt Disney Concert Hall. Built in the 1960s as a temporary fix for a Downtown parking crunch, the structure survived for nearly 50 years.

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New Owner of Historic Fashion Bastion Spending $170 Million to Woo Other Creative Types

LA Times | 11.11.2018

The CMC, as it is known, opened in 1963 to provide more than 1,000 showrooms for the wholesale fashion industry, where buyers from department stores and boutiques from much of the country could appraise samples of dresses, shoes and other apparel they would arrange to buy in bulk.

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Circa Development Opens Across From LA Live in South Park

Curbed LA | 10.1.2018

Two 35-story towers at 12th and Figueroa officially opened today, welcoming their first residents. Located directly across the street from LA Live and fronted by a 18,000-square-foot LED screen, the 648-unit project is hard to miss.

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