Downtown Los Angeles is undergoing its largest construction boom in modern times, reports Andrew Khouri, housing reporter for the Los Angeles Times.
Fueled by foreign investment, thousands of new residences, along with shops and restaurants, are being added to the city. Khouri writes:
To find a time of greater construction, one would have to go back to the Roaring ’20s, when many of downtown’s most famous historic buildings were erected, including majestic movie palaces, the Biltmore Hotel, and City Hall.
That the ongoing construction wave is comparable to a time when downtown was the undisputed heart of a mushrooming metropolis is a striking example of the area’s transformation in the past two decades—from a sleepy, even dangerous, city center into one filled with lofts, restaurants, and art galleries.