$2 Billion Fourth & Central Development Proposed for Downtown Los Angeles
A $2 billion mixed-use development, Fourth & Central, is proposed for an industrial site near the Arts District and Little Tokyo in Downtown Los Angeles, aiming to revitalize the area and boost the regional economy.
The project is projected to generate over 10,000 union construction jobs and 4,000 ongoing positions, alongside much-needed housing – including affordable units – and community retail space. This comes as Los Angeles continues to grapple with housing shortages and economic recovery following recent challenges. A key component of the plan is a Project Labor Agreement ensuring access to stable, well-paying union construction careers for residents from historically underrepresented communities, including veterans, formerly incarcerated individuals, and those experiencing homelessness.
The Los Angeles/Orange Counties Building and Construction Trades Council has prioritized recruiting from disadvantaged backgrounds, and Fourth & Central offers a direct pathway to these careers with benefits and training. The Los Angeles County Economic Development Corporation (LAEDC) views the project as a strategic investment that strengthens the regional economy and supports expanding industry clusters; adequate housing near mass transit is seen as crucial for attracting further investment. You can learn more about the LAEDC’s work on their website.
Officials state the development signals Los Angeles is a viable place for investment and demonstrates progress when public policy aligns with community and economic benefit. The project’s approval could set a precedent for future large-scale developments focused on equitable economic growth within the city. The California Department of Tax and Fee Administration provides information on California’s tax revenue and economic indicators.
The Building Trades and LAEDC are committed to working together to ensure the project’s success and to reimagine and rebuild the economy in support of local communities.
