Downtown Development at an All Time High

Maybe it’s the turbo-charged national economy. Maybe it’s the Los Angeles housing shortage that has caused both rents and home sale prices to spike. Maybe it’s the pressure developers face of trying to launch a project before voters cast ballots on Measure S in March. Maybe it’s all of the above.

Whatever the case, the Downtown Los Angeles development scene is busier than ever, and has surpassed pre-recession peaks. Everywhere you look in the Central City, there are cranes and construction workers (not to mention closed streets and sidewalks) building new high-rises and landmarks.

In the last five months, developers have announced more than a dozen projects, from a reimagining of the Southern California Flower Market, complete with a residential tower, to the Olympia, a three-pronged South Park high-rise that would create more than 1,300 apartments. These occur as other long-awaited developments near the finish line: In the coming months, projects including the Wilshire Grand replacement and Los Angeles State Historic Park are scheduled to open.


Dale Kranz

Related posts

Opinion: Rich or Poor

I subscribe to James Altucher’s monthly newsletter. I get more than my money’s worth as he also...

Continue reading
by Bradley Luster

Key Factors for the Near Future of CRE

According the Urban Land Institute and update from, here here some key factors...

Continue reading
by Anthony Behar

Anthony Behar Interview: Evolution of DTLA Commercial Real Estate

Executive Vice President Anthony Behar was interviewed by Bill Black on the Exit Coach Radio Show...

Continue reading
by Dale Kranz