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.

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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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.

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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.

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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.

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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.

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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.

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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.

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