Top 10 Construction Projects in Los Angeles for 2024: A Detailed Overview
Los Angeles is set to witness a significant surge in construction projects in 2024, highlighting the city’s continuous growth and evolution. This year, the construction landscape is defined by a mix of commercial, residential, and mixed-use developments, reflecting the dynamic needs of one of the largest metropolitan areas in the United States. Here are the top 10 construction projects currently bidding or set to bid in Los Angeles for 2024, providing a comprehensive look at what to expect.
1. Century City Tower
Leading the list is the Century City Tower, a $300 million project located at 1950 South Avenue of the Stars. Designed by Johnson Fain, this highrise will serve as the new headquarters for Creative Artists Agency (CAA). The project underscores Century City’s status as a prime commercial hub, combining state-of-the-art design with modern amenities to cater to the needs of a leading entertainment and sports agency (The Real Deal)
2. 60-Story Residential Tower in Downtown Los Angeles
The Onni Group is developing a 60-story residential tower at 230 West Olympic Boulevard, at the corner of Hill Street. This project, estimated at $280 million, will feature 685 residential units. This development is part of a broader trend of increasing residential offerings in downtown Los Angeles, aiming to attract more residents to the urban core and boost local businesses (Urbanize LA).
3. Mixed-Use Tower in Koreatown
Jamison Services is behind a $208 million mixed-use tower at 3545 West Wilshire Boulevard in Koreatown. This project will include 428 apartments and 10,000 square feet of ground-floor retail and restaurant space. Koreatown continues to evolve with developments that blend residential and commercial spaces, fostering a vibrant, walkable community (The Real Deal).
4. Residential Development on South Santa Fe Avenue
A $169 million development at 525 South Santa Fe Avenue will introduce 446 new residential units to the area. This project is part of a broader effort to increase housing availability in Los Angeles, addressing the city’s ongoing housing crisis by providing more affordable and accessible living options (The Real Deal).
5. Mixed-Use Development on North Sepulveda Boulevard
This nearly $105 million project will feature 325 residential units at 4827 North Sepulveda Boulevard. Mixed-use developments like this one are becoming increasingly popular as they offer the convenience of residential living combined with the accessibility of commercial amenities in one location (The Real Deal).
6. The Grand LA
One of the most ambitious projects is The Grand LA, a $1 billion mixed-use development designed by the renowned architect Frank Gehry. Located in the heart of Los Angeles, this project will feature 400 residences, a 28-story, 305-room hotel, and extensive retail space. The Grand LA is expected to become a significant cultural and commercial hub, drawing visitors and residents alike with its unique design and comprehensive amenities (The Real Deal)
7. Angels Landing
Angels Landing is a $1.6 billion twin-tower luxury hotel project in the Bunker Hill neighborhood. Scheduled to be completed before the 2028 Olympics, this 1.2 million-square-foot development by MacFarlane Partners and Don Peebles will include condos, apartments, shops, restaurants, and a transit-adjacent urban plaza. The project aims to transform Bunker Hill into a premier destination for both locals and tourists (The Real Deal)
8. Wilshire Boulevard Tower
The Ratkovich Company is constructing a 16-story, mixed-use tower at 800 Wilshire Boulevard. This project will provide 220,000 square feet of commercial and office space, further contributing to the revitalization of the downtown area. With a blend of modern design and functional spaces, this development aims to attract businesses and enhance the commercial landscape of Wilshire Boulevard (Urbanize LA).
9. Ato Development in Little Tokyo
Ato, a seven-story mixed-use development by etco Homes, is located in Little Tokyo. This project will include 77 apartments and 2,500 square feet of retail space, featuring amenities such as a rooftop pool and lounge, an outdoor theater, and a fitness center. Little Tokyo continues to grow as a cultural and residential hub, offering unique living experiences and cultural attractions (The Real Deal) (The Real Deal).
10. Gable House Development in Torrance
Intracorp’s Gable House development at 22501 Hawthorne Boulevard in Torrance will include 218 apartments and ground-floor retail space. This project is part of a broader effort to increase residential offerings in suburban areas, providing more housing options close to commercial and employment centers (Urbanize LA)
Conclusion
The top 10 construction projects in Los Angeles for 2024 reflect a diverse array of developments aimed at enhancing the city’s residential, commercial, and mixed-use infrastructure. These projects not only highlight the city’s growth and economic vitality but also address critical issues such as housing availability and urban revitalization. As these projects move forward, they will significantly contribute to the city’s landscape, offering new opportunities for residents and businesses alike.
