realestate

Continuum adjusts $2 billion project plans near Los Angeles' Skid Row area

Continuum Partners seeks to revise Downtown LA's $2B Fourth & Central project, reducing condos and adding apartments.

D
enver-based Continuum Partners is revising its $2 billion Downtown Los Angeles project, Fourth & Central, in response to community concerns. The developer, led by Mark Falcone, has filed new plans for the 10-building project at 400 South Central Avenue, which would replace three historic warehouses on Skid Row next to the Arts District. Originally proposed with over 1,500 homes, 410,000 square feet of offices, and a 68-room hotel, the revised plan reduces the number of condos and adds more rental apartments.

    The new proposal includes 1,444 apartments and 123 for-sale condominiums, up from 949 rental units and 572 condos in the original plan. At least 214 units will be set aside as affordable housing for low-income households. The project's residential highrise on the north side has been reduced to 30 stories from 44, while a new 26-story, 250-unit tower will replace the canceled hotel.

    Continuum has engaged with local communities, including Little Tokyo and the Arts District, which have guided the revisions. The company has also received certification as an Environmental Leadership Development Project, allowing any legal challenges under California's Environmental Quality Act to be decided within 270 days. This could potentially hasten the project's approval, despite concerns from some residents about gentrification and displacement of low-income residents in Skid Row.

Continuum adjusts $2 billion project plans in downtown Los Angeles near Skid Row.