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Summing Up Retail In DTLA

WASHINGTON DC 04.27.2017

FEDERAL MARKETS & REAL PROPERTIES

A New President & GSA: What Does That Mean For You?

Norman Dong -- U.S. General Services Administration (GSA)
Tom Finan -- Trammell Crow Company
Bruce Childs -- USAA Real Estate

With the plethora of cranes and construction going on in DTLA these days, the question that remains is whether what's being built addresses the needs of those who live, work and play there.

DTLA Renaissance

As a result of DTLA's past—people not frequenting it after work hours—neighborhood expert and DTLA Rising blogger Brigham Yen, who lives in downtown LA, said he thinks the pendulum has swung too far the other way with everything being “super upscale" because people are "afraid of what the past used to be."

DTLA Renaissance

Allen Matkins partner Tim McGinity moderated the panel discussing downtown retail and restaurants.

DTLA Renaissance

Brigham said he would like to see a balance of restaurant chains with chef-driven restaurants in DTLA. He said he has to leave downtown LA to eat at a chain restaurant and run other necessary errands.

Samuel Brownell, LA

Blatteis & Schnur managing director Samuel Brownell said some chains, citing the Cheesecake Factory as an example, face particular challenges when weighing a move to downtown LA. Density and the customer base have to be considered, he said.

He described the LA-based Cheesecake Factory, which has no downtown location, as "the most successful chain in the US" headquartered here in LA.

Yuval Bar-Zemer, LA

Linear City Development partner Yuval Bar-Zemer spoke of the successful coffee roasters in the Arts District.

Sonnet Hui, LA

The retail should serve the needs of the community, including its residents, according to Hazens Group executive project director Sonnet Hui.

She said the Hazens Group is actively looking at what is missing in South Park and how to best add to the community.