The evidence comes in the work that is in the early stages today. Even as big projects such as Chinatown’s Blossom Plaza and the Arts District’s Garey Building open, new developments are either breaking ground or being broached. Work finally started last month on the long-awaited Park Fifth near Pershing Square. A new developer is in place for the 34-story tower at Fourth Street and Broadway. That’s just the start, and many of the projects are slated to come online in 2019 or 2020.
In the following pages Los Angeles Downtown News runs down the latest information on 105 projects. These range from a trio of billion-dollar mixed-use developments in South Park to a park in the Arts District to a flurry of hotels across the community.
Once again, wherever you look, you see cranes. Get used to them — they’ll be here for a while…
Read more about it here:
http://www.ladowntownnews.com/development/here-comes-the-boom-updates-on-downtown-projects/article_f33353ac-76c5-11e6-a23a-9fe0a5514b1d.html
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By Eddie Kim, Emily Manthei, Jon Regardie and Nicholas Slayton
