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Source-backed business rule changes across Southern California

ApprovedRecord updated 2026-08-25

Fourth & Central

Fourth & Central would add ten buildings to the edge of Downtown

The $2 billion district proposes more than 1,500 homes, offices, shops, and public space across 7.6 acres between Little Tokyo and Skid Row.

Homes
1,500+
Affordable
16%

extremely low and very low income

Buildings
10
Office
410,000 sf
Dusk aerial rendering of the Fourth and Central district and its towers beside Downtown Los Angeles

Prospective rendering / not a photograph of completed work

Dusk aerial rendering of the Fourth and Central district and its towers beside Downtown Los Angeles. Rendering: TMRW / Studio One Eleven.View original source ↗

What’s proposed

Fourth & Central is a multi-block redevelopment planned around the former Cold Storage property and nearby parcels. The project team's current program describes ten structures, more than 1,500 homes, 410,000 square feet of office space, 145,000 square feet of retail and restaurants, and more than two acres of ground-level open space. Sixteen percent of the homes are described as affordable to extremely low- and very low-income households.

Why it matters

This is not a single podium tower. It is an attempt to make a new piece of Downtown across several blocks, reconnecting Central Avenue with a mix of housing, work, shops, and publicly accessible landscape. Its size means the important question is no longer only whether the concept can win approvals, but how and when a district of this complexity could be phased and financed.

Approval status

A development agreement matters after approval

A project this large relies on a package of land-use actions and negotiated obligations rather than one ministerial building permit. The recorded planning file is where conditions, mitigation, and later amendments can be checked.

Check the official record ↗

Affordability is part of the public bargain

The project team states that 16 percent of the housing is reserved for extremely low- and very low-income households. The controlling approval documents, not a rounded marketing statistic, determine the final unit counts and affordability terms.

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Phasing can change what the city experiences first

Ten buildings will not arrive as one construction event. Readers should distinguish the approved master program from individual phases that receive financing, demolition permits, and building permits.

Check the official record ↗

What to watch

Approval is not a groundbreaking. The practical next signals are recorded development-agreement steps, demolition activity, financing, and building permits tied to a specific phase of the ten-building plan.

Sources

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