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DTLA 2023 Highlights & 2024 Outlook

DTLA 2023 Highlights & 2024 Outlook

Wednesday December 13, 2023

As 2023 draws to a close, it is time to look back at the highlights of the past year and ahead to some exciting developments expected in 2024.

2023 Highlights

Regional Connector: Three New DTLA Metro Stations

With completion of this momentous project, Angelenos have faster, easier access to Downtown and its range of essential amenities and appealing attractions, as well as more convenient options for travel across the region, further solidifying DTLA’s position as the heart of the city.

Grand Av Arts/Bunker Hill Station

Beaudry DTLA: Tallest Residential Tower in the West

Brookfield Properties opened their first new residential tower in DTLA with 785 units, making it the largest single-tower residential community not just in the region, but the whole West Coast, and reinforcing the allure of Downtown as a place to live, as well as work and play.

Beaudry DTLA

US Bank Tower: Renovations & Innovations

Silverstein Properties completed a $60 million renovation of the iconic US Bank Tower, demonstrating their confidence in the long-term promise of the DTLA office market, and helping attract several new industry-leading tenants, including McKinsey & Company.

US Bank Tower Lobby

Level 8 at The Moxy Hotel: Redefining Nightlife

Encompassing the hotel’s entire eighth floor, Level 8 is a unique, multifaceted destination and experience featuring eight entirely different dining and nightlife concepts including Chef Ray Garcia’s Que Barbaro and Michelin-starred chef Joshua Gill’s Maison Kasai and Mother of Pearl.

Mr. Wanderlust at Level 8

Pershing Square: Transforming Public Space

The long-awaited transformation of historic Pershing Square Park began with phase one renovation work to remove walls and barriers, update and modernize facilities, increase the amount of shade, green space, and the overall accessibility and comfort of the park.

Rendering of Pershing Square post-renovation

10,000 Keys: Hotel Milestone

As the city prepares to host the 2028 Olympic Summer Games, hotel capacity in DTLA is critical. With the 2023 debuts of the AC & Moxy Hotels, Hotel Delphi, and two properties operated by Sonder, Downtown’s inventory passed 10,000 rooms, with another 7,500 in the pipeline.

DTLA Sports & Entertainment District

Coming in 2024

Figueroa Eight: DTLA Nearing 100,000 Residents

With the DTLA 2040 Community Plan in place, Downtown is poised for significant growth of its residential population and will soon pass the 100,000-resident mark. 2024 will start with the opening of Figueroa Eight, the first of two major residential projects planned by Mitsui Fudosan.

The Pool at Figueroa Eight

California Hospital Medical Center: Serving the Downtown’s Growing Community

The centerpiece of the hospital’s $215 million expansion and modernization will be a 150,000 SF patient care tower opening this year, intended to help serve the growing population of the greater Downtown area.

California Hospital Medical Center Expansion

LAX Metro Transit Center Station: DTLA to LAX by Rail

While not physically located in Downtown, extending the Metro K Line to connect with LAX Automated People Mover, anticipated to be completed in 2024, will allow arriving airline passengers to reach Downtown entirely by rail, with only one transfer required.

LAX Metro Transit Center Station

Colburn School Expansion: Third Gehry for DTLA

Groundbreaking is expected on the school’s 100,000 SF expansion, designed by Frank Gehry. The new facilities will include a 1,000-seat concert hall, four dance studios, a 100-seat studio theater, and other improvements intended to enhance the surrounding urban community.

Terri and Jerry Kohl Hall, part of the expansion of the Colburn School UCLA & ASU Go Downtown & Gown

With UCLA’s purchase of the historic Trust Building and Arizona State University’s acquisition of FIDM, Downtown is quickly becoming a hotbed of educational activity, with both USC and Cal State LA also having a significant presence. UCLA has big plans for their Downtown campus, based partly around the fact that by 2027, the Purple Line extension will provide easy rail access to/from Westwood.

The Trust Building, purchased by UCLA in 2023

7th Street Streetscape: Mobility & Placemaking

A complete reimagining of the streetscape for this vital Downtown corridor, the 7th Street project includes protected bike lanes, sidewalk upgrades, new pedestrian lighting, street trees, and more. When completed in late 2024, the revitalization will extend from San Pedro St. to Figueroa St., making this key commercial corridor safer and more appealing for pedestrians, cyclists, shoppers and merchants.