Now that retailers are no longer kicking the tires about Downtown LA, the race is on to serve the booming residential population (it tripled in the last decade) and the half-million people now working there. Downtown Business Improvement District (DCBID) director of economic development Nick Griffin says that the basic strategy is focused on four sectors: office & industry, retail & hospitality, residential, and arts & culture. Within those sectors, Nick drills down further: content (fact-filled reports for prospective retailers), convening (events like our recent Bisnow retail summit, which brings people together to support a vision), and consulting (one-on-one guidance to help retailers scout locations, connect with the right brokers and navigate the city’s bureaucracies). Nick, who has a decade of experience as a leading commercial leasing and sales broker, says there is 1.8M SF of brand-new retail space being built, ready for the diversified nabes that welcome every taste from H&M and Victoria’s Secret to the more local and cutting edge. Find out more about downtown LA here, and for more information on our Bisnow partner, click here.
Bisnow Content Partner:
DTLA Alliance
https://x.com/downtown_la http://downtownla.com/(213) 624-2146
ngriffin@downtownla.com
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Founded in 1998, the DTLA Alliance has been a catalyst in Downtown Los Angeles' transformation into a vibrant 24/7 neighborhood. A coalition of nearly 2,000 property owners in the Central Business District, the DTLA Alliance members are united in their commitment to enhance the quality of life in Downtown Los Angeles. Bounded by the Harbor Freeway to the west, First Street to the north, Main and Hill streets to the east, and Olympic Boulevard and 9th Street to the south, the organization helps the 65-block Central Business District achieve its full potential as a great place to live, work, and play.
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