The Los Angeles Times newspaper has recently reported that Downtown Los Angeles hasn’t seen this much construction since the 1920s. 42 developments of at least 50,000 square feet have been built since 2010, according to real estate data firm CoStar. #newhomes #dtla
At Wilshire and Figueroa in Downtown L.A., builders are wrapping up construction of the Wilshire Grand, the tallest building in the West. Created by Korean Air, the skyscraper zooms 1,100 feet high. It consists of a hotel, offices and an observation deck.
A couple blocks away, developer Greenland of China has complete the first condominium building and separate hotel building of its new Metropolis complex, a $1-billion development with 350 hotel rooms and more than 1,500 condo units. River House new condominiums on the Los Angeles River just sold out, and several other new developments, including traditional, townhouse style condos and single family residence houses for sale are under way by the river, as wells as new luxury tower high-rise condominium buildings throughout the Downtown Los Angeles area.
Downtown is changing with tremendous excitement, and along with it, the minds of previous naysayers. Those who only remembered Downtown for its 1980s blight are stunned when they see the vibrant new DTLA. With all of these new homes and infrastructure being built, the Downtown Los Angeles boom is creating more believers than ever before. Get a free list of new homes for sale and new builds under construction in the Downtown Los Angeles area. Fill out the online form:
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