As the lodging industry struggles to recover from the pandemic, Proper Hospitality has opened a luxury inn in a historic downtown L.A. building. One suite features a pool big enough to swim laps.
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LOS ANGELES, June 2, 2021 /PRNewswire/ Plug and Play, the world s largest global innovation platform, announced today its newest strategic partnership with the L.A. Area Chamber of Commerce, Alliance for SoCal Innovation, and Downtown Center to transform Downtown LA into the next urban innovation hub. This collaboration looks to catalyze an environment of Live. Work. Play in the Downtown LA area by establishing it as a formal innovation hub and uniting its local startup and corporate community. We want to play a part in creating a new generation of urban living. With our founding partners, we want to transform the Downtown LA area into an urban tech hub, said Michael Olmstead, Chief Revenue Officer at Plug and Play
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Rendering of Figueroa Centre (right) with an aerial view of the vacant site at 911-927 South Figueroa Street (Google Maps, CallisonRTKL/Illustration by Kevin Rebong for The Real Deal)
At 975 feet, the Figueroa Centre in Downtown Los Angeles would be the city’s third-tallest tower and include a hotel, condos and retail space in a glimmering glass and steel complex. The development would also mark a turning point for a patch of property that has been owned for decades by a branch of a Malaysian casino dynasty.
Glendale-based Regalian LLC envisioned a 66-story complex boasting a 220-key hotel, 200 condominiums, and nearly 100,000 square feet of commercial space.