Officials from the Los Angeles Tourism & Convention Board estimate the city needs another 2,000 to 3,000 more hotel rooms within walking distance of the Convention Center.
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Real Estate
Some savvy Vancouver developers are riding high on the current wave of unprecedented change and growth in downtown Los Angeles (DTLA).
Downtown Los Angeles (DTLA) has gone through an extraordinary transformation in the past decade, with its population tripling. A high-density residential core has emerged with a population of 53,000 – mainly the 23- to 44-year-old crowd – driving a concomitant demand for commercial real estate development.
More than half a dozen major construction projects are underway and several others are in the works in the once forlorn neighborhood east of Staples Center.