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$1 Billion Development Planned for Downtown near 7th & Fig
Just days after Korean Air donated $160,000 to the Million Trees LA initiative, the company announced that they will be demolishing the company-owned Wilshire Grand Hotel and developing a $1 billion development that includes a new hotel, residential and offices. The plans for the complex at 7th and Grand are for a 60-story office building and 40-story hotel that will include 100 residences. "The Downtown office market hasn't seen any additions since the building boom of the 1980s," noted blogdowntown Editor Eric Richardson.
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Right now, LAist has lost $1.7M in annual funding due to Congress clawing back money already approved. The support we receive before year-end will determine how fully our newsroom can continue informing, serving, and strengthening Southern California.
If this story helped you today, please become a monthly member today to help sustain this mission. It just takes 1 minute to donate below.
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