Greenland’s Metropolis in DTLA Crosses the Finish Line
The final tower adds 685 more units to the major mixed-use complex near L.A. Live
By Greg Cornfield December 20, 2019 1:20 pm
reprints
Five years after the project broke ground, Greenland USA has completed the 6.3-acre Metropolis mixed-use development, leading the latest residential development wave in Downtown Los Angeles.
Metropolis grew from a parking lot near L.A. Live. With more than 3.5 million square feet, the development added more than 1,500 residences, a 350-room boutique hotel, and 70,000 square feet of retail that carved a new mark in L.A.’s skyline. The $1-billion project, at 1000 West Eighth Street, is on the west side of Downtown near Staples Center.
Greenland received a temporary certificate of occupancy this week for its fourth and final tower, Thea at Metropolis. The 56-story luxury tower includes 685 residences for lease, and the first residents are expected to move in this winter. Tenants for the 70,000 square feet of retail at Metropolis are expected to be announced soon.
The additional buildings, the boutique Hotel Indigo, the 38-floor Tower I, and the 42-floor Tower II, opened in 2017 and 2018.
Downtown L.A. has been experiencing a development boom over most of the past decade, and more major projects are on the way. Related Companies and CORE USA are building “The Grand,” designed by Frank Gehry. The $1-billion project will add a 20-story hotel, a 39-story residential tower, and more than 176,000 square feet of restaurant and retail space.
Mitsui Fudosan America is also building a 438-unit residential property on Figueroa Street, and Onni Group is working on a 60-story development that will add 700 apartments on Hill Street.
Greenland USA is a subsidiary of China-based Greenland Group, which is publicly traded on the Shanghai Stock Exchange.
