(Newswire.net — February 3, 2022) — Downtown Los Angeles is more than just a place to live — it’s a cultural mecca — an enclave within the greater City of Los Angeles that serves as the cultural center of the L.A. Basin. In this article, Carmel Partners highlights the vibrant cultural life, including theaters, galleries, and entertainment, surrounding their Atelier property in DTLA.
The urban sprawl that is Los Angeles was born in the automobile age when ready access to cars meant that people no longer needed to live near their workplace. Suburbs sprang up as far as the eye could see. But something was missing — there was no center for arts and entertainment.
Throughout history, civilizations have satisfied the need to socialize, learn about their own and other cultures, and be inspired by artistic expression by creating a centralized location where people can gather to encounter a variety of cultural experiences. The revitalization of DTLA expresses that desire to create a cultural center in Los Angeles.
DTLA’s recent cultural renaissance is marked by a notable increase in activity by local artists working in literary, performing, and visual arts. It is the only district with a critical mass of arts and culture in the area.
Renowned philanthropists have focused on bringing world-class museums and art galleries to the area. Mega entertainment companies have invested in high-tech venues, like L.A. Live and the Crypto.com Arena (formally Staples Center), creating a lively cultural center within walking distance of Atelier.
The City planning department expects an additional 140,000 people to move to the DTLA market in the next two decades. It is the hub for transportation in Southern California, and downtown Los Angeles is once again becoming the center for social, economic, cultural, and creative influence.
This collection of cultural and entertainment options creates a need for more residential properties in the area. Residential options generate demand for more retail and dining establishments, heightening the demand for residences. High tech and other industries are attracted to the talent pool, continuing the cycle.
Here are a few of the cultural and entertainment attractions that make DTLA the center of civilization for people from the San Fernando Valley to Mission Viejo, as well as the most sought-after zip code south of Santa Barbara.
Since its opening in 1926, the Orpheum has hosted some of the most recognizable names in show business, such as burlesque queen Sally Rand, Judy Garland, and comedian Jack Benny. Music legends like Lena Horne, Ella Fitzgerald, and Duke Ellington have also graced the Orpheum’s stage.
In the 1950s and 1960s, Little Richard, Aretha Franklin, and Little Stevie Wonder were headlined as rock and roll took over the nation.
Today, the Orpheum advances its entertainment industry legacy and continues to welcome live performances with television, film, and music video stars and many other special events to its legendary stage.
One of the most exciting museums you might ever see, The Broad, was founded by philanthropists Eli and Edythe Broad. It offers free general admission and presents active rotating temporary exhibitions and an innovative audience engagement program. The Broad enjoys nearly a million visitors each year.
The Broad collection includes 2,000 pieces, one of the world’s leading collections of postwar and contemporary art. Eli and Edythe Broad built their postwar and modern art collection over 50 years. Believing that the most significant art collections are created when the art is being made, the Broads began collecting the art of their own time.
Art lovers call the 120,000 square-foot building “the veil and the vault” because the museum’s design merges the two critical components of the building: public exhibition space and collection storage. Diller Scofidio + Renfro, in collaboration with Gensler, are the designers of this standout piece of L.A. architecture.
The most prominent new (as well as used) bookstore in California is The Last Bookstore. Yes, there are other bookstores in the Golden State, but none quite like this one and none with that name.
The 22,000 square-foot location boasts a record store, comic bookstore, five art studios, an epic yarn shop, a famous book tunnel, a mammoth head, and unexpected nooks of funkiness. Located in a hundred-year-old bank building, they also claim to have vaults and ghosts in addition to lots of books.
Part of The Last Bookstore includes an area dubbed The Annex. Here they keep their “fancy stuff,” including first editions, collectibles, and the scarce (as well as expensive) art, architecture, and photo books. There are also inexpensive, fun things and discounted coffee table books. For the true book-lover, you can even hold a wedding in The Annex, if so inclined.
From a historic theater to a state-of-the-art art gallery to a funky yet impressive bookstore, the DTLA renaissance brings something for everyone.
About Carmel Partners
Carmel Partners is one of the leading specialists in real estate investment management with a focus on U.S. multifamily acquisition and renovation, and development, and construction. The company also specializes in debt and lending opportunities. Carmel Partners, LLC was founded in 1996 and has offices across the country, including San Francisco, Los Angeles, Irvine, New York City, Seattle, Washington D.C., and Denver. For more information, please visit http://www.carmelpartners.com.