Downtown L.A.’s Arts District is experiencing a real estate development boom.
“It has been one of the hottest development markets in the country,” said Nick Griffin, executive director of the Downtown Center Business Improvement District.
“There are huge sites that were either surface parking lots or one-story warehouses, which are very easy to develop,” he said.
The mixed-use Row DTLA is an example of a thriving blend of office, retail stores and restaurants. “That’s been a real success story there,” Griffin said. “It anchors the southern part of the Arts District in a way that will continue to shape the future of the Arts District.
