It’s the latest in a slew of projects planned for the area by developers Mack Real Estate Group and AECOM.
But "there’s still a lot more we need to do."
Perla—the neighborhood’s new tallest building—sits in the heart of Downtown LA, at the corner of Fourth Street and Broadway.
But the city struck a deal with a developer to give some of the tenants new apartments.
He filed the plans two days before police served a search warrant at his other property.
It will replace a strip mall that houses an Out of the Closet thrift store.
Vacant for decades, the site once hosted a swap meet that burned down in the 1992 Uprising.
A last-ditch effort to save the structure failed, and now work is underway to wipe the former LAPD headquarters off the map.
The city says the metallic structure will be "a positive addition to La Brea Avenue."
The city’s cultural heritage commission skewered the landscaping plan: "The whole thing just leaves me cold."
There’s movement on this lot just west of the Hollywood and Western subway stop.
That price buys access to a private park and rooftop deck.