Tuesday, December 10, 2024

Massive Art District Development Changes to Mixed Use

 Massive Mixed Use Arts District Development Continues

A development in the Arts District once slated for commercial is applying to change a portion of the project to residential (apartments for lease).  The investment and growth in the area for the past 5 years has been steady, and better than other parts of DTLA. Meanwhile, condo prices in the area have dipped a bit due to the influx of residential competition. As we all know, this is temporary once the development brings in more residents and demand.