LA Council Approves $2B Mixed-Use Redevelopment
The metro’s supply may expand by nearly 1,600 units.
The Los Angeles City Council has approved the $2 billion Fourth & Central redevelopment of a downtown industrial property into a mixed-use project se5tt to include nearly 1,600 residential units and roughly 550,000 square feet of commercial space, as reported by Urbanize Los Angeles.
The development team includes Los Angeles Cold Storage Co., the entity that owns the approximately 8-acre site, as well as architects Studio One Eleven and Adjaye Associates.
Currently, the land includes a six-story cold-storage facility and a single-level warehouse. The facilities measure 175,786 and 221,107 square feet, respectively, according to Yardi Matrix data.
Plans call for the demolition of the warehouse and its surface parking, as well as the partial adaptive reuse of the six-story building, should that endeavor prove feasible. The project includes 10 new buildings totaling 2.3 million square feet.
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The structures may hold up to 1.8 million square feet of residential space, including the new apartment construction of 1,589 multifamily units, 262 of which will be income-restricted, as well as 411,113 square feet of office uses and 145,748 square feet of retail. Entitlements also include two acres of publicly available open space and 2,426 parking spaces.
Buildings may range in height from two to 30 stories, with the tallest reaching up to 364 feet. This latest iteration of the project decreased the scale of the towers, as an initial 2021 plan called for 44-story skyscrapers.
Downtown Los Angeles sees heavy development
Located between 364–448 and 425-433 S. Central Ave., as well as 715 and 730 E. Fourth St., the redevelopment is less than 2 miles from another project at 350 S. Figueroa St., where Kennedy Wilson and Jamison are converting the former LA World Trade Center into a 512-unit affordable community.
Greater Los Angeles’ stock expanded by 1.9 percent on a trailing 12-month basis as of May, as revealed by a Yardi Matrix report. In early July, the market had more than 27,000 units under construction, alongside a full-year 2026 delivery forecast of roughly 11,000 units.
