Bunker Hill has seen a transformation in recent years.
“We affectionately call it the uptown of downtown,” said Nick Griffin, executive director of the Downtown Center Business Improvement District.
In downtown Los Angeles, the historic neighborhood serves as a twin hub.
“Bunker Hill is known as the cultural center of downtown, with the Museum of Contemporary Art, The Broad and Walt Disney Concert Hall. It’s also known as the financial district, with Wells Fargo Center, Cal Plaza CalEdison, U.S. Bank Tower and Bank of America Plaza,” Griffin said.
According to the DCBID director, the significance of the Frank Gehry-designed Grand — a major mixed-use project that includes the Conrad Los Angeles hotel and a José Andrés-run food and beverage program — is that it really makes the case for the continued growth of the residential sector of that area.
The Grand, which is opposite the Gehry-created Walt Disney Concert Hall, officially opened in June.
“In some ways, the Grand is what makes the other ones possible,” Griffin said. “You have a significant amount of fine dining coming in along with the hotels.”
Brookfield opened Halo with a Shake Shack, Danny Boy’s Famous Pizza and Trejo’s Tacos last summer. At One California Plaza, the Watercourt reopened and is now known as the Yard.
“The combination of Halo and the Yard really create very appealing public spaces and amenities,” Griffin said. He also noted the ripple effect — Halo was opened partially in anticipation of the Grand. The Yard reopened in anticipation of Halo.
– Michael Aushenker
U.S. Bank Tower Renovation
Description: New owner Silverstein Properties, which bought the 72-story building at the start of the pandemic from OUE for $430 million, is planning a $60 million renovation of the tower. The upgrades will include a revamped lobby, a 54th-floor community workspace and outdoor areas.
Owner: Silverstein Properties
Estimated Completion Date: Late 2022
Description: Related Companies’ $1 billion mixed-use complex includes 164,000 square feet of retail space anchored by chef-driven restaurants, shops, a movie theater, a hotel and luxury residences.
Developer: Related Cos.
Architect: Frank Gehry
Estimated Completion Date: Recently opened
L.A. World Trade Center
Location: 350 S. Figueroa St.
Description: The residential project will be 41 stories tall. Once completed it will have 570 condominiums and a pool and tennis courts. Jamison purchased the property in 2004 for more than $53 million.
Architect: Callison RTKL
Estimated Completion Date: 2025
Description: Angels Landing is a $1.6 billion mixed-use complex featuring 515 hotel rooms. The project will also feature a plaza with retail, restaurants and outdoor space.
Developers: MacFarlane Partners, Peebles Corp., Claridge Properties
Architect: Handel Architects
Estimated Completion Date: Before 2028
By The Numbers: Bunker Hill
Residential Units Under Construction: 4,577
Proposed Units: 32,413
Apartment Asking Rent Per Square Foot: $3.37
Residential Units Under Construction: 1,368
Hotel Rooms.: 8,814
Under Construction: 2,555
Hotel Rooms: 305
Asking Class A Office Rent Per Square Foot: $3.81