DTLA: DRAMATIC DEVELOPMENT LURES BIG BUCKS BUYERS TO THIE HOT NEW URBAN CORE

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Downtown los angeles is getting a makeover to the tune of $16.5 billion in new development. Changes includes the addition of a slew of mixed-used projects combining ground floor retail and upper level living, a new Whole Foods supermarket, sprouting indie restaurants, three just-launched breweries, art galleries, boutiques and the revitalized Grand Central Market.

Apartments are clocking in at a furious pace as more than 10,000 units are slated to be built and fill pent-up demand. New construction includes Greenland USA’s three mega-towers at Metropolis in South Park, representing a $1 billion investment. And on downtown’s northern edge, the Arts District offers hip lifestyle options from the blocks-long One Santa Fe to the Garey Building’s upcoming 320 apartments.

“The majority of new development is going to be residential,” says Hana Cha, managing director of the Agency’s new development group, exclusive listing agents for the Staples Center-adjacent Oceanwide Plaza that will include two condo towers when completed. 

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Keith Kaplan

CalBRE #01933707
Sothebys International Realty
9255 Sunset Blvd.
West Hollywood, CA   90069

keith.kaplan@sothebyshomes.com

310-646-7791

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

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