$110M Pershing Square Redevelopment Funded for Initial Phases

The $110-million redevelopment of DTLA’s Pershing Square is commencing with a phased 10-year plan, expected to include at least four phases, with the identification of funding for the first two of those phases. The update on a project, now six years in the making, was announced by 14th District City Councilman Jose Huizar and L.A.’s Bureau of Engineering and the Department of Recreation and Parks at a press conference green-lighting phase one and two of Agence Ter and Gruen Associates’ redesign.

The project should commence late 2020, starting with redevelopment of the park along Olive Street. In 2022, the second phase will see similar work along Hill Street, targeting mid-2024 completion. Both phases will focus on upgrades to parking elevators and escalators serving the park’s underground parking structure.

The park is adjacent to MacFarlane Partners’ recently-completed Park Fifth and Trademark apartment towers, which opened in January.

For comments, questions or concerns, please contact Chris Egger