Construction is booming in Los Angeles County. There are more than 10,000 residential units under construction in Downtown L.A. alone, according to the Downtown Center Business Improvement District.
And Downtown isn’t the only part of town getting crane action. A TRData analysis of CoStar Group data and research from Colliers International found that projects in Playa Vista, Beverly Hills and Marina del Rey also made the cut.
Read on for a closer look at the 10 biggest projects — 12, if you count all phases of Metropolis — by RBA.
Chinese developer Greenland USA is doing construction on the first and second phases of its more than $1 billion Metropolis mega-project, which topped the list with an RBA of 2.1-million square feet. The first phase, which includes the 18-story, 350-room Hotel Indigo and a 38-floor condo tower, is expected to be completed by the end of this year. Gensler is designing the project.
Despite the unfortunate death of a worker, construction continues on Korean Air’s $1.2 billion Wilshire Grand project, which, when completed, will be the tallest structure west of the Mississippi. The project, which has an RBA of 1.7 million square feet, is designed by AC Martin, and is expected to be completed in April 2017. The project will include 400,000 square feet of office space and 900 hotel rooms, which will operate under the InterContinental brand.
Villas at Playa Vista (Phase II)
Construction on the second phase of Irvine Company’s “apartment homes” is underway in Playa Vista. The five-story multifamily building will has an RBA of 1.1 million square feet.
Hotelier Beny Alagem‘s 170-key hotel is currently under construction at the intersection of Santa Monica and Wilshire boulevards next to his Beverly Hilton hotel. The project, which has an RBA of 975,000 square feet, is being developed in partnership with investment firm Guggenheim Partners.
Beijing-based developer Oceanwide broke ground on the three-building Oceanwide Plaza project in March. The $1 billion project has an RBA of 752,000 square feet across one 49-story tower and two 40-story towers. There are 504 condominiums and 183 hotel rooms planned for the site. Its is expected to be completed in September 2018.
Los Angeles-based real estate developer AMLI Residential broke ground last year on a complex along the Marina del Rey waterfront. The $165 million AMLI MDR development, has an RBA of 700,000 square feet. It will have 585 residential units and is expected to be completed in early 2018. The project was designed by TCA Architects.
Controversial developer G.H. Palmer Associates‘ project is underway. The development has an RBA of 690,000 square feet. It will be converted into 439 units. Completion is expected in June 2017.
Jamison and Hankey‘s massive joint venture is under construction at 1200 South Figueora Street. The mixed-use project, which has an RBA of 681,000 square feet, is designed by Harley Ellis Devereaux and is slated for completion in September 2017.
Los Angeles Federal Courthouse
The $323 million Federal Courthouse is expected to be completed this October. Clark Construction is now working on the final exterior stages. The 600,000-square-foot structure designed by Skidmore, Owings & Merrill will have 24 district courtrooms.
888 South Hope Street
CIM Group’s 600,000-square-foot project in Downtown Los Angeles began its construction work, though the site has been inactive as of late. A 33-story tower with 526 apartments and a six-story parking podium is reportedly planned for the site, designed by RTKL.
Sixth and Bixel
Construction is in advanced stages at Holland Partner Group’s $200 million Downtown project. With an RBA of 560,000 square feet, it will contain 606 apartments. Designed by Togawa Smith Martin, the project is expected to be completed early next year.