More than half a dozen major construction projects are underway and several others are in the works in the once forlorn neighborhood east of Staples Center.
After taking a timeout during the last recession, builders are at work across downtown Los Angeles erecting new apartments, stores and hotels — and there are plans in the works for much more.
One of the largest concrete pours in local history will take place next month to lay the foundation of the Wilshire Grand hotel-office skyscraper, which will tower 73 stories over the city. A luxury apartment complex being built on Grand Avenue will house a Whole Foods Market. Chinatown has major new apartment complexes coming, and the hip Ace Hotel just opened its doors in a freshly restored 1920s high-rise on Broadway.
Read the whole story at: http://www.latimes.com/business/la-fi-commre
