Continuum Partners Developing 7.6 Acre Mixed-Use Project in Downtown LA

Downtown Los Angeles is about to undergo a dramatic transformation as a significant mixed-use project takes shape, becoming an integral part of the city's expansive transit infrastructure plan. This ambitious venture, known as the Fourth & Central project, is poised to redefine the landscape of the entire region over the next decade. 

Why this development is special: This project showcases a comprehensive master plan for the construction site, encompassing various properties along 4th Street, Alameda Street, and Central Avenue. It promises to introduce a vibrant mix of residential spaces, offices, a hotel, commercial establishments, and inviting open spaces, breathing new life into this urban center.

The masterminds behind this development: The driving force behind this visionary endeavor is Denver-based Continuum Partners, renowned for their commitment to urban development and revitalization. To bring their vision to life, they've enlisted the creative prowess of Studio One Eleven, a design firm with a knack for crafting innovative and functional spaces.

What we know about the project: Spanning an impressive 7.6 acres, the Fourth & Central development aims to completely reimagine this expansive parcel, generating space for an array of uses that cater to the diverse needs of the community. The blueprint includes the development of 1,521 residential units, boasting a dynamic mix of 949 rental units, 572 homes available for purchase, and 214 units designated for affordable housing. This diverse range of residential options speaks to the project's commitment to inclusivity and accessibility.

In addition to the residential components, this development is set to introduce approximately 401,000 square feet of office space, offering a promising hub for businesses and fostering economic growth. Furthermore, the project is primed to contribute to the local economy with around 45,000 square feet of retail space and nearly 56,000 square feet dedicated to restaurant establishments. This mix of commercial spaces will undoubtedly cater to the needs and desires of residents and visitors alike.

More than meets the eye: The Fourth & Central project is more than just a real estate development; it is a well-thought-out urban transformation. The site's master plan encompasses ten distinct buildings, with heights varying from two to a striking 42 stories. A network of private streets and paseos, accessible to both motorists and pedestrians, will facilitate movement throughout the project, effectively breaking up what was once a large, uninviting block. This reimagining of the space breathes fresh life into an area previously used as a cold storage facility.

The project is not without its challenges, with an estimated construction cost ranging from $1.5 billion to $2 billion. Construction is expected to commence in 2025, with completion occurring in phases over the subsequent five to seven years. Situated at the intersection of 4th Street and Central Avenue, the Fourth & Central project represents a dynamic shift in the landscape of Downtown Los Angeles. Positioned toward the west of an industrial area, it marks the border between the neighborhoods of Little Tokyo and Skid Row.