la downtown coming alive
part of the development of downtown los angeles involves a $1 billion sports and entertainment district called "LA LIVE." los angeles downtown news in an article this week was told by city officials that la live will be breaking ground on sept. 15th. they reported that the anschutz entertainment group which owns staples center will be spearheading the development of la live. the first phase of development is supposed to include a 7,100 nokia theatre as well as the nokia plaza. nokia theater will host more than 100 events a year such as concerts, award shows and short run productions. another part of la live will be a 15 screen movie theatre run by regal will rise on olympic blvd next to the 110 freeway, the largest theater will seat 700 people. in all, 4,000 underground parking spaces will be built. many hope it will mark the beginning of construction for the 1,200 room convention center hotel as well. the $350 million hilton hotel would be topped by 100 luxury condos on floors 45 to 55.
other development plans include a 156 unit apartment tower at 1717 W. olympic blvd as well as a seven story $43 million structure which will rise on at 12th, pico, figueroa and flower, and a 1,700 unit resential complex for the fashion institute of design and merchandising. over the next 10 years, there are plans for 12 new high rises in downtown la.
as la live starts to get off the ground, along with all the development happening on grand avenue, it looks like downtown la is coming alive and will be another viable city center in the la area, joining sunset strip, the grove, venice beach, hollywood, griffith park, beverly hills, santa monica and ... you name it.
posted by J.R. Woodward @ 11:32 PM
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