DTLA $2 Billion Development Plans for Fourth & Central – Continuum Partners’ Mark Falcone

The Planning Report

TPR interviews Denver-based developer Mark Falcone of Continuum Partners on plans for Fourth & Central—a proposed $2 billion high-density, mixed-use redevelopment of the LA Cold Storage operation in the Arts District. The project calls for 1,521 residential units (including 216 affordable housing units), 401,000 square feet of creative office space, 93,000 square feet of retail/restaurant use, and a 68-room hotel.  A master plan of the site, which prioritizes the creation of a permeable and pedestrian-oriented community, proposes a total of ten distinct buildings, ranging in heights from 2 to 42 stories. Here, Falcone shares his vision for leveraging LA’s $120 billion transit infrastructure investments to significantly increase and equitably distribute density of housing and job opportunities in Downtown Los Angeles.

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