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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 from readers like you will determine how fully our newsroom can continue informing, serving, and strengthening Southern California.
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