Wednesday, February 20, 2013

New Apartment Towers Planned for Broadway and Main

The Los Angeles Downtown News is reporting that developer Izek Shomof plans to construct a 22 story apartment tower at his newly acquired property, located at 4th and Broadway.  Barry Shy, another developer, has announced plans to construct a 40 story tower at 6th and Main.  Both properties are located between the Historic Core and Bunker Hill, near the Pershing Square Metro Station.  The growing residential density in downtown is welcome news for both the local economy, and the environment; as new businesses rise to meet a growing demand, we should see fewer cars as downtowners find it more convenient to walk or take public transit on a much shorter commute.

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