A plan to build 1,500 rental apartments where six parking lots now sit is just the latest sign of the insatiable demand for housing gripping downtown Los Angeles.
"A dearth of apartments is fueling one of the city's largest building booms in years," reports Dawn Wotapka. "There are about 14,000 apartment units in downtown Los Angeles. About 5,100 units are under construction, and more than 3,400 units were built between 2008 and 2013, according to Polaris Pacific, a real-estate sales, marketing and research firm. More than 3,000 additional rental units have been approved, with another 7,000 proposed. Meanwhile, there are only 17 condo units for sale and 68 under construction."
"This is a revolution," said Carol Schatz, president of the Downtown Center Business Improvement District. "We had a functioning downtown up until the '40s and then the car culture grabbed us by the throat and almost choked us to death." Sentiments have changed, she said, because "we have given people a reason to live downtown."
FULL STORY: In Downtown L.A., a Housing Revival
Parking Lots to Become Pedestrian Paradise in Downtown L.A. Redevelopment
In what's being called "the largest downtown land acquisition since the recession", six acres of parking lots will be redeveloped as a $750-million mixed-use complex - continuing the astonishing transformation of L.A.'s South Park neighborhood.
L.A.'s Pandemic Rent Cap to Stay in Place Until 2023
Landlords have been unable to raise rents on rent stabilized apartments in Los Angeles since March 2020. Unlike in other large cities with similar rules, Los Angeles won't be removing the rent cap anytime soon.
Businesses Oppose Conversion of Parking Structure Into Affordable Housing
Business owners in downtown Santa Monica have filed a lawsuit opposing the city's planned replacement of a parking structure with housing, despite city studies showing that the city's downtown parking supply far exceeds demand.
Analysis: Cybertruck Fatality Rate Far Exceeds That of Ford Pinto
The Tesla Cybertruck was recalled seven times last year.
National Parks Layoffs Will Cause Communities to Lose Billions
Thousands of essential park workers were laid off this week, just before the busy spring break season.
Retro-silient?: America’s First “Eco-burb,” The Woodlands Turns 50
A master-planned community north of Houston offers lessons on green infrastructure and resilient design, but falls short of its founder’s lofty affordability and walkability goals.
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Analysis: Cybertruck Fatality Rate Far Exceeds That of Ford Pinto
The Tesla Cybertruck was recalled seven times last year.
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