High-rise commercial buildings

Sub Markets

Property Sectors

Topics

California CRE News In Your Inbox.

Sign up for Connect emails to stay informed with CRE stories that are 150 words or less.

New call-to-action
California  + Los Angeles  + Apartments  | 

Newsom Fast-Tracks $2B DTLA Mixed-Use Project

California Gov. Gavin Newsom said Thursday that he took action to accelerate Continuum Partners’ Fourth and Central, a $2-billion mixed-use project between Little Tokyo, the Arts District and Skid Row in downtown Los Angeles. If approved, the project would encompass more than 1,500 rental and for-sale apartments, 411,113 square feet of office space, 101,088 square feet of restaurant/retail space and a 68-key hotel.

Newsom certified the Fourth and Central project as eligible for judicial streamlining under a package of infrastructure legislation enacted in 2023, meaning that any legal challenges brought against the project must be heard within 270 days to the extent feasible, reduced from the typical three- to five-year timeline. It’s the third project and the first housing project to be streamlined since the governor signed the infrastructure package into law.

“For decades, we’ve let red tape stand in the way of these kinds of critical housing projects, and the consequences are in plain view all around us,” Newsom said in a statement. “Now we’re using California’s infrastructure law to build more housing, faster.”

Industry leaders and power players are connecting at Connect Phoenix Multifamily & Single-Family Build-to-Rent on April 18 at the Westin Kierland Resort & Spa. Don’t miss the expert’s take on where the market is headed, and what changes are on the horizon. Register Now!

Connect

Inside The Story

Continuum PartnersGov. Newsom's office

About Paul Bubny

Paul Bubny serves as Senior Content Director for Connect Commercial Real Estate, a role to which he brings 16-plus years’ experience covering the commercial real estate industry and 30-plus years in business-to-business journalism. In this capacity, he oversees daily operations while also reporting on both local/regional markets and national trends, covering individual transactions across all property types, as well as delving into broader subject matter. He produces 7-10 daily news stories per day and works with the Connect team and clients to develop longer-form content, ranging from Q&As to thought-leadership pieces. Prior to joining Connect, Paul was Managing Editor for both Real Estate Forum and GlobeSt.com at American Lawyer Media, where he oversaw operations at both publications while also producing daily news and feature-length articles. His tenure in B2B publishing stretches back into the print era, and he has served as Editor in Chief on four national trade publications. Since 1999, Paul has volunteered as the newsletter editor of passenger rail advocacy groups (one national, one local).

  • ◦Development
  • ◦Policy/Gov't
New call-to-action
New call-to-action
New call-to-action
New call-to-action
New call-to-action