A proposed $2 billion megaproject would expand the footprint of the ongoing reinvention of Downtown Los Angeles and its surrounding neighborhoods.
"An Arts District cold-storage plant dating to the 1890s would be replaced with housing, offices, a hotel and shops in a proposal unveiled Thursday by Denver developers," reports Roger Vincent. "With a price tag between $1.5 billion and $2 billion, the complex would rank among the largest L.A. commercial real estate developments in recent memory."
The article presents the massive development proposal as evidence that developers are pushing ahead with the ongoing renaissance of Downtown Los Angeles and surrounding neighborhoods—despite lingering questions about the effect of the pandemic on office work in the central business district.
The developer, Continuum Partners, would add ten new buildings including a residential skyscraper at Central Avenue and 4th Street on the edge of the quickly redeveloping Arts District neighborhood to the east of Downtown Los Angeles. According to Vincent, the "historically industrial neighborhood dotted with art galleries, apartments and buzzy restaurants […] has become increasingly attractive to tech and entertainment companies including Apple TV, Sony and Warner Music."
The four-acre Fourth & Central project would require the relocation of Los Angeles Cold Storage Co. (the deal is a partnership between Continuum and Los Angeles Cold Storage), despite the ongoing strength of the cold storage business in Los Angeles. In Los Angeles Cold Storage's place, the development would add "572 condominiums and 949 apartments, with 216 units set aside for residents with low incomes paying reduced rent," according to Vincent. A hotel and office space tailored to creative industries would also be included. More details on the proposed development are included in the source article.
FULL STORY: A $2-billion mega-project could reshape the Arts District
Los Angeles Arts District Residents Resisting Plans for More Density
The Arts District in Downtown Los Angeles has seen plenty of chic newcomers in recent years—high-end cafes, restaurants, and expensive lofts. But a recently revealed plan that would allow new, dense construction has sparked controversy.
Gentrification Pushes Artists out of LA's Arts District
The arts district in downtown Los Angeles is transforming its industrial buildings into trendy boutiques, restaurants and hotels. The concern is that gentrification will drive out low-paid artists who can no longer afford to live there.
High Housing Costs Driving Down Transit Ridership in LA
When neighborhoods gentrify and displace lower-income residents, transit ridership suffers, new research shows.
Planetizen Federal Action Tracker
A weekly monitor of how Trump’s orders and actions are impacting planners and planning in America.
Congressman Proposes Bill to Rename DC Metro “Trump Train”
The Make Autorail Great Again Act would withhold federal funding to the system until the Washington Metropolitan Area Transit Authority (WMATA), rebrands as the Washington Metropolitan Authority for Greater Access (WMAGA).
The Simple Legislative Tool Transforming Vacant Downtowns
In California, Michigan and Georgia, an easy win is bringing dollars — and delight — back to city centers.
The States Losing Rural Delivery Rooms at an Alarming Pace
In some states, as few as 9% of rural hospitals still deliver babies. As a result, rising pre-term births, no adequate pre-term care and "harrowing" close calls are a growing reality.
The Small South Asian Republic Going all in on EVs
Thanks to one simple policy change less than five years ago, 65% of new cars in this Himalayan country are now electric.
DC Backpedals on Bike Lane Protection, Swaps Barriers for Paint
Citing aesthetic concerns, the city is removing the concrete barriers and flexposts that once separated Arizona Avenue cyclists from motor vehicles.
Urban Design for Planners 1: Software Tools
This six-course series explores essential urban design concepts using open source software and equips planners with the tools they need to participate fully in the urban design process.
Planning for Universal Design
Learn the tools for implementing Universal Design in planning regulations.
Smith Gee Studio
City of Charlotte
City of Camden Redevelopment Agency
City of Astoria
Transportation Research & Education Center (TREC) at Portland State University
US High Speed Rail Association
City of Camden Redevelopment Agency
Municipality of Princeton (NJ)