Downtown Los Angeles has been a major focus for the city government for nearly a decade. Officials in this part of town have sought to introduce new life into an area once forsaken. The goal in this quickly gentrifying area has been to rid it of its massive homeless population and transform it into a desirable residential and commercial location.
That work has been paying off. A recent study by The Downtown Center Business Improvement District concluded that the location is now a hotspot for the young and affluent. The news doesn’t come as a shock to those familiar with downtown and its intensive redevelopment projects. Downtown Los Angeles has been the recipient of countless millions in foreign and domestic dollars to restore and enhance the neighborhood.
Condos, lofts and condominiums have become a major part of that redevelopment effort. The many old buildings in downtown Los Angeles have been remodeled and developed into luxury apartments, lofts and condominiums. There are also great areas within walking distance where condo dwellers can stop for a bite to eat, see a movie, attend a sporting event, or have a coffee at a sidewalk shop.