Tuesday, February 5, 2013

Construction on Blossom Plaza to Begin This Summer

The Los Angeles Downtown News is reporting that, after nearly five years in suspension, the long awaited Blossom Plaza Project may finally see the light of day.  One of many projects that stalled as a result of the recession, Blossom Plaza has become a symbol of economic stagnation, and so, news of its return bodes well for the future of Los Angeles. If all goes according to plan, the mixed use development, with an estimated combined total of 240 residential, retail, and restaurant spaces, will open its doors in 2015.  It is anticipated that the development contract, which was originally awarded to Bond Chinatown Ventures, will be awarded to Forest City, a national firm that has completed large-scale developments in nine states (including California), with ongoing development in nineteen others.

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