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.
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.
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.
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.
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.
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.
Tour Inside Downtown LA’s Newest Luxury Tower 888 Grand Hope Park
DTLA Rising | 9.18.2018
Over at 9th and Hope in South Park, directly across the street from one of Downtown LA’s only legitimate public parks — Grand Hope Park and FIDM — a new 34-story residential mixed-use tower called 888 Grand Hope Park (appropriately named) is the perfect example of what we need more of to replace the countless other surface parking lots strewn across Downtown LA that interrupt the walkable urban experience.
Metropolis Tower II Unveiled at The DTLA Event of The Summer
The Agency RE | 8.3.2018
A soiree fit for a king marked the grand opening celebration of the newest gleaming tower to grace the Downtown Los Angeles skyline. Metropolis Tower II is now selling its exquisit collection of studio, one- and two-bedroom residences.....new furnished model residences and amenity offerings were unveiled in unbelievable style Saturday with A Midsummer Night's Dream bash overlooking the city.
Brookfield Agrees to Acquire Forest City in $6.8 Billion Deal
Bloomberg | 7.31.2018
The Toronto-based alternative asset manager said in a statement Tuesday it will acquire Forest City for $25.35 a share in cash, a 10 percent premium over where shares closed Monday and about 26 percent above where they were trading the day before Bloomberg reported that the pair had restarted talks. The deal is valued at $11.4 billion including debt, according to the statement.
City Council Approves Fashion District's City Market Development
Urbanize LA | 6.28.2018
The City Market project, which is being developed by Lena Group, was first announced in 2012 as the more than century-old property's owners looked to reinvent the longtime produce market. Approved plans call for the construction of a series of low-rise and high-rise buildings between three and 38 stories in height.
Proposed 77-Story Tower Would Be L.A.'s Tallest Building
Urbanize LA | 6.20.2018
Last week, Chinese developer Shenzhen New World Group filed plans with the City of Los Angeles to redevelop the 1980s L.A. Grand Hotel Downtown at 333 S. Figueroa Street on Bunker Hill. In addition to converting the existing 13-story hotel into 224 apartments, the proposed development also calls for the construction of a soaring 77-story tower which would rise to an apex nearly 1,108 feet above ground level.
Reinventing the Row: A Faded Manufacturing Hub Gets New Life
LA Downtown News | 6.13.2018
On an overcast Tuesday afternoon, the Row DTLA complex in the Industrial District is bustling. Dozens of construction workers are doing renovations on one of the six massive buildings. On the central and western portions of the site, shoppers parade down the long thoroughfares between the concrete structures.
L.A. Signs Off On Two Downtown Hotel Towers - And Some Taxpayer Help
LA Times | 5.18.2018
The Los Angeles City Council approved a plan Friday for putting a 1,153-room hotel complex across from the Convention Center, providing the developer a lucrative taxpayer subsidy and a deal to adorn the project with digital signs.
L.A. Urbanized: The Sparks of Downtown LA’s Boom
Urbanize LA | 4.30.2018
Up to this point, this series has focused on contextual background evolutions that set the stage for Downtown’s explosive growth, but did not directly cause it. This week’s installment will describe what specifically launched Downtown LA on its current transformation, against the backdrop described in the prior three installments.
Historic High-Rise Sold as Downtown L.A.'s Former Business District Thrives
LA Times | 3.31.2018
One of downtown's oldest tall buildings, the former Los Angeles offices of the Atchison, Topeka and Santa Fe Railroad, sold this week for nearly $70 million to a residential developer. Now known as the Santa Fe Lofts, the 11-story tower at Main and 6th streets, which opened in 1908, has been an apartment building for more than a decade and was owned by investor Capital Foresight.
More Articles ...
- Frank Gehry Tapped to Design Colburn School Extension and Concert Hall in Downtown L.A.
- Latest Developments In DTLA Reflect How The Area Is Growing
- DTLA Building Boom Sets New Record in 2017
- Downtown Has a High Apartment Vacancy Rate? The Rest of L.A. Should Be So Lucky
- NoMad Hotel Joins Crop of Boutique Inns Giving Second Life to L.A.'s Historic Office Buildings
- City Council Approves Angels Landing Plan
- City Market Speeds Fashion District's Turn to Booming Downtown Neighborhood
- The Wilshire Grand—LA’s Tallest Tower—Opens Today
- DTLA Sees Record Deliveries At Close Of 2016
- Downtown Los Angeles hasn't seen this much construction since the 1920s
- Big Downtown Growth in 2016
- City National Bank to Expand Into Another Downtown L.A. High-Rise
- Development Hit Record Highs Last Year in DTLA
- DTLA Construction Booms Across Sectors