LA Commissioners Okay $2B Fourth & Central Mega-Project
The Los Angeles Planning Commission signed off on Fourth & Central, a $2-billion mixed-use proposal that would add apartments, offices, shops and restaurants on a 7.6-acre parcel in the Skid Row neighborhood. The City Council will consider final approval later this year, reported the Los Angeles Times.
The project, which would be built near the neighborhood’s boundary with the Arts District, was proposed by Larry Rauch, president of Los Angeles Cold Storage. His family has operated food chilling facilities at Fourth Street and Central Avenue since the 1960s and plans to move the business to a new location.
In its place would be 1,589 rental apartments with 249 affordable units, along with 401,000 square feet of creative office space and 145,748 square feet of retail or restaurant space. Since the project was first proposed, the tallest building has been lowered from 44 stories to 30 and other changes have been made.
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312-Unit Multifamily in Indiana Changes Hands
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Remax Real Estate Professionals
Re/Max Real Estate Professionals
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Jared Ennis
Central CA Commercial | California
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Rick Recckio
Recckio Real Estate & Development
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Greg Corbin
Northgate Real Estate Group
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Essex Property Trust, Inc.
California
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Josh A
California
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Bob Tuteur
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Andrew Schildcrout