$2 Billion Development Planned For 7.6 Acre Site In Skid Row

$2 Billion Development Planned For 7.6 Acre Site In Skid Row


By City News Service
US-VIRUS-HEALTH-EPIDEMIC
LOS ANGELES (CNS) - A development company announced today it hopes to build a $2 billion mixed-use project on a 7.6-acre site in the Skid Row area.
Denver-based Continuum Partners submitted an application for the project, called Fourth & Central for its intersection, to city planners on Thursday, a spokesman said.
The development would include 1,521 residential units, 401,000 square feet of office space, 93,000 square feet of retail and restaurant space and a 68-room hotel. The plan includes 10 distinct buildings ranging from two to 42 stories tall.
While the developer has advertised the location of the development as the Arts District, the project sits within the borders of Skid Row, which has an unhoused population in the thousands and is typically described as the area within Third Street to the north, Seventh Street to the south, Alameda Street to the east and Main Street to the west.

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