A plan to build 1,500 rental apartments where six parking lots now sit is just the latest sign of the insatiable demand for housing gripping downtown Los Angeles.
"A dearth of apartments is fueling one of the city's largest building booms in years," reports Dawn Wotapka. "There are about 14,000 apartment units in downtown Los Angeles. About 5,100 units are under construction, and more than 3,400 units were built between 2008 and 2013, according to Polaris Pacific, a real-estate sales, marketing and research firm. More than 3,000 additional rental units have been approved, with another 7,000 proposed. Meanwhile, there are only 17 condo units for sale and 68 under construction."
"This is a revolution," said Carol Schatz, president of the Downtown Center Business Improvement District. "We had a functioning downtown up until the '40s and then the car culture grabbed us by the throat and almost choked us to death." Sentiments have changed, she said, because "we have given people a reason to live downtown."
FULL STORY: In Downtown L.A., a Housing Revival
Parking Lots to Become Pedestrian Paradise in Downtown L.A. Redevelopment
In what's being called "the largest downtown land acquisition since the recession", six acres of parking lots will be redeveloped as a $750-million mixed-use complex - continuing the astonishing transformation of L.A.'s South Park neighborhood.
L.A.'s Pandemic Rent Cap to Stay in Place Until 2023
Landlords have been unable to raise rents on rent stabilized apartments in Los Angeles since March 2020. Unlike in other large cities with similar rules, Los Angeles won't be removing the rent cap anytime soon.
Businesses Oppose Conversion of Parking Structure Into Affordable Housing
Business owners in downtown Santa Monica have filed a lawsuit opposing the city's planned replacement of a parking structure with housing, despite city studies showing that the city's downtown parking supply far exceeds demand.
The City of Broken Sidewalks
Can Los Angeles fix 4,000 miles of broken sidewalks before the city hosts the 2028 Olympic Games?
Shifts in Shopping: Transforming Malls Into Parks
Maybe zombie malls still have a second life — one with a little greenery.
To Build More Housing, Cities Must Be Smarter in How They Use Land
How strategic land use policy decisions can alleviate the housing crisis and limit unsustainable sprawl.
Parking Reform Can Boost Homebuilding 40 to 70 Percent
More evidence that parking flexibility is key to housing abundance.
California Adds Complete Streets to Transportation Funding Guidelines
The state transportation commission previously declined to include bike and pedestrian infrastructure in its updated funding guidelines, despite a new state law requiring Complete Streets efforts in all Caltrans projects.
Omaha Streetcar Yielding $1.5 Billion in TIF Funds
The line, scheduled for completion in 2027, is bringing billions in new investment to the city’s urban core.
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