'A bet on downtown Los Angeles.' Huge Angels Landing project wins key city OK

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Angels Landing, a $1.6-billion hotel-housing-retail complex that would change the city skyline, is one step closer to completion before the 2028 Olympics. “This is a bet on downtown Los Angeles,” one of the developers told rogervincent.

and a modern Metro subway stop. The pair are majority owners of Angels Landing Partners, which is responsible for building and operating Angels Landing.

The office market is still soft, but demand for housing has jumped in the last two decades as thousands of new apartments and condominiums have helped transform much of downtown from a business park into a neighborhood. Thein recent years as demand grew among people traveling for sports, entertainment and convention events downtown.

Angels Landing is to have two hotels, one in each tower. Operators have not been named yet, but developers hope one will be a four-star inn with 255 guest rooms and the other will be a five-star luxury hotel with 260 rooms.

 

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