DTLA 2040 - A Tall Order...

The challenges of trying to plan for Downtown LA's projected growth over the next 20 years seem overwhelming, even more so while having to concurrently navigate pandemic-related concerns with respect to high-density housing.  But we have to start somewhere, and this article gives a nice overview of the various players who are contributing to the process, as well as the competing interests that must be weighed and balanced.  For example, planners may see the movement from a discretionary approval process for DTLA to a more certain (but regulated) approval process as a positive step towards facilitating the necessary development of additional housing in DTLA; however, when it comes to actually underwriting and capitalizing a new housing project, developers and investors may be more focused on how the new DTLA approval process would compare to the approval process in other parts of LA where there is also a need to develop additional housing, rather than how it compares to the status quo.  We look forward to helping clients steer their development projects through the intersection of business and public policy over the next 20 years and beyond!