LOS ANGELES | Downtown Project Rundown 6.0

[DTLA Worker]

Walked by the Colburn School expansion yesterday. Seems like they are making great progress.

Sorry, forgot to take a photo.

[citywatch]

^ https://colburncenter.org/the-building/live-feed/


urbanizela.com

other than the colburn proj & the apt bldg in little tokyo, not sure how much more will be u/c in dtla over the next 2, 3 yrs. The broad museum is being added to but that's not a totally new proj.

Originally Posted by homebucket

Use this thread to discuss LA political events and socioeconomic and business developments not related to actual construction updates progress.

hey, my recent post on the new veterans apt bldg rising in little tokyo sure did seem to fit the purpose of this threat....speaking of which, I wonder what's going on with this condo bldg a few blocks south?....


hirohouseliving.com

http://hirohouseliving.com

^ that proj was delayed for a long time, then was again u/c, then slowed down around 2020, 2021. It had a different name just about a yr or two ago....don't recall what it was. All the delays in completing it & changes in sales managers makes me wonder if their funders are having problems. Onni has slowed down its work in LA too, including the towers planned for the site of the old LA Times bldg.

the beaudry apt tower at 8th & Fig lists around 25 apts still for lease....the mitsui apt bldg when it opened across the street in 2024 has always seemed to be well occupied...like to think that will encourage mitsui to break ground on their apt tower at 8th & Hope/Grand across from the Whole Foods mkt.

btw, if posting in this forum has to follow very narrow guidelines, it will become even less active than it already is....the rate of new devlpt & even proposals for dtla in the past yr has already slowed way down.

[scania]

Originally Posted by citywatch

^ https://colburncenter.org/the-building/live-feed/


urbanizela.com

other than the colburn proj & the apt bldg in little tokyo, not sure how much more will be u/c in dtla over the next 2, 3 yrs. The broad museum is being added to but that's not a totally new proj.



hey, my recent post on the new veterans apt bldg rising in little tokyo sure did seem to fit the purpose of this threat....speaking of which, I wonder what's going on with this condo bldg a few blocks south?....


hirohouseliving.com

http://hirohouseliving.com

^ that proj was delayed for a long time, then was again u/c, then slowed down around 2020, 2021. It had a different name just about a yr or two ago....don't recall what it was. All the delays in completing it & changes in sales managers makes me wonder if their funders are having problems. Onni has slowed down its work in LA too, including the towers planned for the site of the old LA Times bldg.

the beaudry apt tower at 8th & Fig lists around 25 apts still for lease....the mitsui apt bldg when it opened across the street in 2024 has always seemed to be well occupied...like to think that will encourage mitsui to break ground on their apt tower at 8th & Hope/Grand across from the Whole Foods mkt.

btw, if posting in this forum has to follow very narrow guidelines, it will become even less active than it already is....the rate of new devlpt & even proposals for dtla in the past yr has already slowed way down.

Lol. The forum was better before you started back chiming in…every single posts has some form of negativity. But hey…hopefully you’ll find something else to try and destroy. Good luck. Smh. Lol.

[edale]

Originally Posted by citywatch

^ https://colburncenter.org/the-building/live-feed/


other than the colburn proj & the apt bldg in little tokyo, not sure how much more will be u/c in dtla over the next 2, 3 yrs. The broad museum is being added to but that's not a totally new proj.



hey, my recent post on the new veterans apt bldg rising in little tokyo sure did seem to fit the purpose of this threat....speaking of which, I wonder what's going on with this condo bldg a few blocks south?....


hirohouseliving.com

http://hirohouseliving.com

Did this project finally finish? It was under construction for like 5 years, and the last time I walked by a few months ago, it was still being worked on. If that's a recent image and not a render, I'm pleased to see the retail spaces leased! It's a nice project, and we could use about 10 more of them downtown.

[craigs]

City Planning Commission approves DTLA hotel-residential towers at 1600 S. Flower St.

Just east of the Los Angeles Convention Center

Urbanize LA
Steven Sharp
July 11, 2025



The Los Angeles City Planning Commission has given its blessing to a proposal from Jade Enterprises which calls for the construction of a new hotel and residential complex to a site near the L.A. Convention Center in Downtown Los Angeles.

The South Park Towers project, located at 1600 S. Flower Street, which span a property which is also bounded by the I-10 Freeway, Venice Boulevard and Hope Street. Plans call for the construction of two high-rise buildings featuring a 300-room hotel, 250 residential units, 3,200 square feet of ground-floor restaurant space, 10,000 square feet of medical offices, and parking for 288 vehicles.

Designed by AC Martin, the project would include near identical buildings standing 22 and 23 stories in height, clad in glass and rising roughly 260 feet above street level. Plans call for amenity decks at the podium and roof levels, and other common features such as fitness centers and meeting rooms. Digital signage is shown wrapping the building podiums.
. . . .

[plinko]

^Well that will change the view along the 10. Love it.

[craigs]

My department was recently informed that we are scheduled to eventually move into Gas Company Tower. I've been told it will take a very long time, but still, I can't wait!

[scania]

Originally Posted by craigs

My department was recently informed that we are scheduled to eventually move into Gas Company Tower. I've been told it will take a very long time, but still, I can't wait!

Jealous…. Used to be there…my group was the last with my company. We left there in April.

[scania]

Originally Posted by craigs

City Planning Commission approves DTLA hotel-residential towers at 1600 S. Flower St.

Just east of the Los Angeles Convention Center

Urbanize LA
Steven Sharp
July 11, 2025



The Los Angeles City Planning Commission has given its blessing to a proposal from Jade Enterprises which calls for the construction of a new hotel and residential complex to a site near the L.A. Convention Center in Downtown Los Angeles.

The South Park Towers project, located at 1600 S. Flower Street, which span a property which is also bounded by the I-10 Freeway, Venice Boulevard and Hope Street. Plans call for the construction of two high-rise buildings featuring a 300-room hotel, 250 residential units, 3,200 square feet of ground-floor restaurant space, 10,000 square feet of medical offices, and parking for 288 vehicles.

Designed by AC Martin, the project would include near identical buildings standing 22 and 23 stories in height, clad in glass and rising roughly 260 feet above street level. Plans call for amenity decks at the podium and roof levels, and other common features such as fitness centers and meeting rooms. Digital signage is shown wrapping the building podiums.
. . . .

Wow!!! I didn’t see this coming! Where are all the naysayers? Lol I’m sure they are all vomiting in disgust. Hahahahahaha

[DTLA Worker]

Originally Posted by scania

Wow!!! I didn’t see this coming! Where are all the naysayers? Lol I’m sure they are all vomiting in disgust. Hahahahahaha

Great news!

[LAsam]

Mack is listing Aven for sale for $280 million, or $522K/unit (which is below replacement cost). They previously listed it for sale in 2022 for $420 million, or $784K/unit but there weren't any takers at that price. Building is 96% occupied and ground floor retail is 85% leased.

[scania]

Originally Posted by LAsam

Mack is listing Aven for sale for $280 million, or $522K/unit (which is below replacement cost). They previously listed it for sale in 2022 for $420 million, or $784K/unit but there weren't any takers at that price. Building is 96% occupied and ground floor retail is 85% leased.

Yeah…they are getting ready to try and do their last tower in that 2 square block radius. Someone who lives there told me about 3 months ago that the company was trying to start 2 quarter of 2026. This will be somewhat interesting because they have done a great job as far as apartments and retail being leased.

[SoCalKid]

Originally Posted by scania

Wow!!! I didn’t see this coming! Where are all the naysayers? Lol I’m sure they are all vomiting in disgust. Hahahahahaha

I'll celebrate with you if it breaks ground. But take it from someone in this business, that is very, very unlikely anytime soon.

[SoCalKid]

Originally Posted by scania

Yeah…they are getting ready to try and do their last tower in that 2 square block radius. Someone who lives there told me about 3 months ago that the company was trying to start 2 quarter of 2026. This will be somewhat interesting because they have done a great job as far as apartments and retail being leased.

Companies selling existing buildings below replacement cost don't turn around and start another building. By definition, they'd be losing money on that project since it would be worth less complete than they spent to build this. Hence the term "below replacement cost".

[LAsam]

Originally Posted by SoCalKid

Companies selling existing buildings below replacement cost don't turn around and start another building. By definition, they'd be losing money on that project since it would be worth less complete than they spent to build this. Hence the term "below replacement cost".

I think it's replacement cost today, not necessarily what Mack spent to build it. Regardless, it's concerning to me that the pricing would be so low for a building that is doing so well from an occupancy standpoint on both the apartments and retail. From my perspective, that shows heightened investor/lender concerns regarding this particular market.

[caligrad]

Originally Posted by scania

Yeah…they are getting ready to try and do their last tower in that 2 square block radius. Someone who lives there told me about 3 months ago that the company was trying to start 2 quarter of 2026. This will be somewhat interesting because they have done a great job as far as apartments and retail being leased.

You know a lot of people who seem to be involved in every downtown project past, present and future.

I'll take this with a grain of salt from a near empty saltshaker.

Developers aren't ones to randomly tell their current tenants about future plans in their portfolio's years down the pipeline, especially if those plans can potentially disrupt those tenants negatively. Selling at nearly half their initial asking price is a tall tale sign of either paying off debts and cleaning up their books to look better for loans or they are bracing themselves for uncertainty. A little cushion to weather the storm. Selling at half price just makes it harder for the new tower to pencil out in the end.

[scania]

Originally Posted by caligrad

You know a lot of people who seem to be involved in every downtown project past, present and future.

I'll take this with a grain of salt from a near empty saltshaker.

Developers aren't ones to randomly tell their current tenants about future plans in their portfolio's years down the pipeline, especially if those plans can potentially disrupt those tenants negatively. Selling at nearly half their initial asking price is a tall tale sign of either paying off debts and cleaning up their books to look better for loans or they are bracing themselves for uncertainty. A little cushion to weather the storm. Selling at half price just makes it harder for the new tower to pencil out in the end.

It’s just like my building. People who work in the leasing office are told about future plans either with a development, and possible take over an existing building. Even with my company (SoCal Gas)…leaving the Gas Company Tower in DTLA was in the making for approximately 15 years. Even after it was official, it still took another 8 years before it came to fruition. I’ve stated in the past that I only know 2 people who work in city government. And yes I know a plethora of people who live in DTLA. I just hosted a Sunday Funday party this weekend. Maybe some of you should come and see how fun DTLA…as well as the Arts District, WeHo, Hollywood, and SM are here in LA.

[craigs]

My division will be (eventually) moving into Gas Company Tower, and we all knew long before the official announcement.

[SoCalKid]

Originally Posted by scania

And yes I know a plethora of people who live in DTLA. I just hosted a Sunday Funday party this weekend. Maybe some of you should come and see how fun DTLA…as well as the Arts District, WeHo, Hollywood, and SM are here in LA.

I just want to clarify that none of my posts are meant to be negative about DTLA. I love DTLA, and I bet your Sunday Funday was awesome. It's one of my favorite places in Socal. I only try to provide my perspective as a developer who has to deal with the economics of development and the forces that prevent me from building. I'd love nothing more than to build in DTLA right now (that's literally what made me want to get into real estate).

I know my posts sometimes cross into politics and get negative, and I apologize for that. But it's only because I'm so frustrated by leadership that actively works to thwart new development.

[scania]

Originally Posted by SoCalKid

I just want to clarify that none of my posts are meant to be negative about DTLA. I love DTLA, and I bet your Sunday Funday was awesome. It's one of my favorite places in Socal. I only try to provide my perspective as a developer who has to deal with the economics of development and the forces that prevent me from building. I'd love nothing more than to build in DTLA right now (that's literally what made me want to get into real estate).

I know my posts sometimes cross into politics and get negative, and I apologize for that. But it's only because I'm so frustrated by leadership that actively works to thwart new development.

Yeah I’ve said before…a mayor like the mayor in Inglewood, that some kind of way keeps fast tracking projects, and telling everyone that tries to get in his way to go…let’s just say “go play with yourself”, things will get done at an amazing pace.