LA City Council Approves 1,589-Unit Fourth & Central Project

After a five-year process, the Rauch family’s $2 billion Fourth & Central megadevelopment in Downtown Los Angeles has been approved by the City Council. The project will transform a 7.6-acre industrial site into a mixed-use community with 1,589 residences, offices, and retail space. The development is seen as a major boost for Downtown L.A.’s real estate market, signaling continued investment and growth in the area.

The project’s approval was aided by the city’s Downtown 2040 Plan and state law SB 79, which encourage denser, transit-oriented development. Fourth & Central will include 10 buildings, with nearly one in seven units designated as affordable. The development is expected to break ground in approximately two years and will feature public spaces to better connect the surrounding neighborhoods of Little Tokyo, the Arts District, and Skid Row.