Quote:
Originally Posted by IrishIllini
LA may feel a bit like Atlanta in the sense that they both lack a central area that businesses and cultural amenities gravitate towards, but the development patterns aren't that similar IMO.
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This isn't entirely true anymore.
I would agree that the economic base is still largely concentrated on the Westside, but DTLA is now pretty much the epicenter in terms of new amenities (food, art, retail) that appeal to the "hipster crowd" (the main drivers behind LA's urban renaissance). The Broad, for instance, was originally planned to be built in Santa Monica before Eli Broad chose its Downtown location across from MOCA and WDCH. Phillip Lim recently moved his boutique from West Hollywood to the Arts District, COS opened its third LA retail store in the Historic Core, Apple is rumored to be setting up shop in the ground floor space of the Tower Theatre, etc.
With all the new amenities, transit accessibility, and housing, the businesses will come back in due time.