From the Los Angeles Times:
$2-billion downtown L.A. megaproject gets boost from governor’s office, hopes for approval in 2024
Rendering of Fourth & Central aerial view at dusk. Master planning and project architecture by Studio One Eleven, with tower at right by Adjaye Associates. (Studio One Eleven / Adjaye Associates)
BY LIAM DILLON
STAFF WRITER
MARCH 7, 2024 3 AM PT
Gov. Gavin Newsom will attempt to expedite construction of a $2-billion residential and commercial megadevelopment in downtown Los Angeles, his administration is announcing Thursday.
The 7.6-acre project, named Fourth & Central, would bring 1,500 new homes, 410,000 square feet of office space along with retail, restaurants and a 68-room hotel to what’s now a collection of cold storage facilities, parking lots and warehouses in Skid Row near its boundary with the Arts District. Newsom’s decision Thursday aims to shave years off the construction timeline by fast-tracking a judicial decision in any litigation filed against the project under state environmental laws.
“For decades, we’ve let red tape stand in the way of these kinds of critical housing projects — and the consequences are in plain view all around us,” Newsom said in a statement. “Now we’re using California’s infrastructure law to build more housing, faster.”
Denver-based developers Continuum Partners unveiled the project in 2021. It’s made up of 10 buildings, including a 44-story residential skyscraper at Central Avenue and 4th Street. In total, the proposal calls for 572 condominiums and 949 apartments, with at least 214 units set aside as low-income housing.
Two marquee buildings including the high-rise were designed by Ghanaian-British architect David Adjaye, best known as the lead designer of the National Museum of African American History & Culture in Washington. The developer is partnering with Los Angeles Cold Storage Co., which has been operating on the site since 1895 and has provided refrigerated warehousing to many of the produce markets, hotels and buildings in the region.
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$2-billion downtown L.A. megaproject gets boost from governor’s office, hopes for approval in 2024