Los Angeles is growing—or has grown—into a global, gateway city. In the past few years, the city has seen tremendous expansion, with new development and revitalization of old neighborhoods. As such, developers are adjusting their strategies to supply the market
with new, innovative projects. This includes denser, vertical development, transit-oriented projects and market-rate housing.
New development and innovation isn’t the only thing the city growth has bred. Los Angeles
has also seen vocal community acrimony to the increase in development and affordability
issues. We sat down with some of Southern California’s top developers to talk about how the
city’s growth has driven new demand and changed development strategies, and how they are
dealing with new legislation and development obstacles.
In this roundtable discussion, leaders from companies behind some of Los Angeles’ biggest
projects share their insight behind the trends in, and outlook for, development in the market.
K2LA is a three-building “Work, Live, Play” urban luxury project in Los
Angeles’ rapidly growing Koreatown district. A development of Century
West Partners, the offer 476 units and feature fitness centers, business
centers, rooftop spas and outdoor decks.
Century West Partners
recently completed the
massive mixed-use complex Next on Sixth in
Koreatown. The luxury
property includes 398 residential units, with retail, a
residential lobby and parking on the first floor.
Greenland USA officially opened
its $1-billion Metropolis Los
Angeles to guests and residents
this summer. The 3.5-million-sf
project features a 350-room
Hotel Indigo, three residential
towers of 38, 40 and 56 floors
and such amenities as onsite
fine dining and retail. Full completion is expected in 2019..