As downtown Los Angeles continues a lengthy post-pandemic office market recovery, the plummeting of values so far could prove beneficial in addressing another looming issue: The city’s housing crisis. Case in point: The redevelopment of the L.A. Care tower downtown into high-end housing, The Los Angeles Times reported. Developer Garrett Lee of Jamison Properties is preparing to begin the transformation of the nearly 610,000-square-foot building at 1055 West 7th Street into 691 luxury residences, a plan, first floated in 2023. Current tenants include the Central Civil West courthouse of Los Angeles Superior Court and the Los Angeles County Department of […]
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