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THE VITALITY OF DOWNTOWN LOS ANGELES

DOWNTOWN AT THE FOREFRONT

  • $12.2 billion worth of built and planned residential construction in the downtown area since 1999
  • More than 26,000 new residential rental/condo units under development or in pipeline since 2000; represents 69% of all available units in downtown Los Angeles
  • Currently under construction, the new L.A. Live! development will debut as a 3.8-million-square-foot hotel-mall-residential-destination adjoining the Staples Center arena
  • A new 40,000-square-foot plaza designed by local firm Rios Clemente Hale will adjoin the L.A. Live! development
  • The $1.8 billion Grand Avenue Project, designed by Frank Gehry, will transform Grand Avenue into a destination not only for downtown but for the entire region, and will include eight towers and a 16-acre park
New / Landmark Destinations
Estimated 2004 Attendance
Staples Center 
3.5 million
Olvera Street  
2.2 million
Los Angeles Convention Center 
1.8 million
Music Center of LA County 
1.3 million
Cathedral of Our Lady of Angels 
1.0 million
Museum of Contemporary Art 
250,000
Disney Concert Hall    
Not Available
Colburn School of Music    
Not Applicable

Sources:  Downtown Center Business Improvement District, January 2007; The Architects Newspaper,
June 2006; Los Angeles Convention & Visitors Bureau; Los Angeles Economic Development Corporation

 

 

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