Find A Service
Other Highlights
The success of real estate development over the first four years of the Villaraigosa administration is evident by simply looking at the new skyline. Los Angeles is moving ahead with our diverse economy.
We’re beckoning investment like never before as crime rates drop. We're daring to be the center of cutting-edge technology. We’re supporting the growth of emerging sectors. We’re growing and greening our port. We’re supporting film and television.
Our City’s brightest days lie ahead of us. By taking a strategic approach, we can create the growth, jobs and opportunity that will be necessary for LA to remain an economic powerhouse far into the future.
Below are projects from all over Los Angeles that have invested in our communities and created jobs for thousands of Angelenos.
L.A. LIVE
Downtown is coming to life as it has never before with L.A. LIVE, a 4 million square foot and $2.5 billion Downtown Los Angeles sports, residential & entertainment district adjacent to STAPLES Center and the Los Angeles Convention Center.
The site features the recently opened Club Nokia, a 2,300 capacity live music venue; Nokia Theatre L.A. LIVE, a 7,100-seat live theatre; a 54-story, 1001-room convention “headquarters” destination featuring the Ritz Carlton and JW Marriott hotels and 224 luxury condominiums; the GRAMMY Museum, a 14-screen Regal Cineplex; and ESPN studios.
Total Investment: $2.5 billion
Temporary Jobs Created: 2,900
Permanent Jobs Created: 3,100
Hollywood & Vine
The Mayor broke ground on and attended the topping-out ceremony for this $600 million project at the legendary intersection of Hollywood & Vine.
This transit-oriented development by Gatehouse Capitol and Legacy Partners with the cooperation of the Community Redevelopment Agency and Metro consists of 143 for-sale units, 305 apartment units including 78 affordable units and a 305-room world class W Hotel. This project will have an estimated $167 million benefit to the City over 25 years.
Total Investment: $600 million
Temporary Jobs Created: 2,795
Permanent Jobs Created: 300
Grifols
Grifols, a global healthcare company, acquired an existing pharmaceutical manufacturing facility in El Sereno and made this 26-acre facility their US Headquarters. Grifols is planning to expand this facility to mirror their facility in Barcelona. They will invest $285 million and create more than 300 jobs by 2013.
This biomed facility represents a $135 million investment in El Sereno and the initial $600 million allocation of a long-range investment plan was announced by Grifols in October 2007.
Total Investment: $135 million
Permanent Jobs Created: 300
2000 Avenue of the Stars
At 790,000 square feet, 2000 Avenue of the Stars is the largest commercial building built in West Los Angeles in 15 years.
The 12-story building includes over 500,000 square feet of office space, a 4 acre centerpiece park complete with 140 trees, restaurants, cafes and a 10,000 square foot Cultural Center. This landmark office building has succeeded in attracting several new companies to the City of Los Angeles, including: Creative Arts Agency, Imperial Capital and Comerica Bank.
Total Investment: $350 million
Temporary Jobs Created: 3,600
Permanent Jobs Created: 1,200
Plaza Pacoima
A shining example of public private partnerships is the transformation of the former Price Pfister manufacturing facility in Pacoima.
The site sat idle for over a decade before Primestor and the Community Redevelopment Agency of Los Angeles agreed upon a mutually beneficial development. The 160,000 square foot site now features Costco, Best Buy and Lowe’s, as well as office space, and it is expected to bring $2,000,000 to the City.
Total Investment: $60,000,000
Temporary Jobs Created: 438
Permanent Jobs: 354
Corporate Pointe at West Hills
The Corporate Pointe at West Hills brings an additional 250,000 square feet of environmentally friendly sustainable office space. In addition, the site is providing $860,000 to fund the Automated Traffic Surveillance and Control (ATSAC) system to synchronize street lights at eight key intersections on Roscoe Boulevard. Corporate Pointe also implements a Transportation Demand Management (TDM) plan that includes carpooling, van pools, bicycles and rideshares.
Total Investment: $150 million
Temporary Jobs Created: 1600
Permanent Jobs Created: 1700
University Gateway
This mixed-use project, on the corner of Jefferson and Figueroa and across the street from the University of Southern California, includes 421 units of student housing and 70,000 square feet of retail space including a 40,000 square feet fitness center, a California Pizza Kitchen restaurant and a financial institution. The project will also include 52,726 square feet of open space.
Total Investment: $150 million
Temporary Jobs Created: 909
Permanent Jobs Created: 202
Wilmington Buffer
The Wilmington Buffer will provide residents with a 30-acre landscaped open space buffer between the community and Port operations. It will feature a 6-acre flat open lawn, children’s play areas, walkways and trails. The project is intended to improve quality of life by linking the community with its waterfront, and becoming a catalyst for more development in the area.
Total Investment: $66.7 million
Temporary Jobs Created: 947
Permanent Jobs Created: n/a