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**LA Planning Commission Approves $2B Fourth & Central Development Proposal**
The Los Angeles Planning Commission has given the green light to the ambitious Fourth & Central project—a $2-billion mixed-use development that aims to transform a 7.6-acre parcel in the Skid Row neighborhood. The proposal, which includes apartment units, office space, retail shops, and restaurants, will next go before the City Council for final approval later this year, according to the Los Angeles Times.
Proposed by Larry Rauch, president of Los Angeles Cold Storage, the project is slated for a site near the boundary of Skid Row and the Arts District. Rauch’s family has operated food cold storage facilities at Fourth Street and Central Avenue since the 1960s. The company plans to relocate operations to make way for the new development.
The plan includes 1,589 rental apartments, of which 249 would be designated as affordable housing units. Additionally, the design features 401,000 square feet of creative office space and 145,748 square feet of retail and restaurant space.
Since its initial proposal, several significant changes have been made to the project’s design. Notably, the height of the tallest building has been reduced from 44 stories to 30, following feedback and planning considerations.
This transformative development is poised to reshape one of downtown Los Angeles’ most underserved areas while addressing the city’s ongoing demand for housing and mixed-use infrastructure.
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