Downtown LA Sees Signs of a Development Boom

Carol Schatz, President and CEO of the Central City Association (CCA) of Los Angeles, discusses Downtown LA's reemergence as one of the hot development and rental markets in Southern California, reflecting a national trend as the economy recovers.

Carol Schatz is President and CEO of both the Downtown Center Business Improvement District (DCBID) and the Central City Association (CCA) of Los Angeles. She has had a crucial hand in the decades-long revitalization of Downtown LA, including initiating the Adaptive Reuse Ordinance that led to the conversion of industrial spaces into lofts and live-work spaces. The Planning Report spoke to Schatz with questions about the state of the Downtown housing market; the key neighborhoods, players, and aims of continuing development; and Downtown LA's future as a self-sufficient, 24-hour community.

The tight rental market in Downtown Los Angeles has prompted a wave of new residential developments across the neighborhood. As Schatz notes, "when you're talking about a 98 percent occupancy rate with the rents that I just gave you, that obviously is enticing to developers who see a growing market." The development trend further illustrates the growing interest in downtown living, as people choose transit-oriented, 24-hour amenities over extra space.

Thanks to Kevin Madden

Full Story: CCA’s Carol Schatz On LA’s Downtown Development Boom


Brand new! Urban Grid City Collection

Each city has its own unique story. Commemorate where you came from or where you want to go.
Grids and Guide Red book cover

Grids & Guides

A notebook for visual thinkers. Available in red and black.
T-shirt with map of Chicago

Show your city pride

Men's Ultrasoft CityFabric© tees. Six cities available.
Book cover of Where Things Are from Near to Far

Where Things Are From Near to Far

This engaging children's book about planning illustrates that "every building has its place."