New property developments are on the rise in downtown Los Angeles . All in all , South Park can expect to see nearly 300,000 square meters ( 3.2 million square feet ) of residential and hospitality living come online by 2020 , according to commercial real estate firm JLL . International and local real estate companies are investing in a host of new city projects . The latest is an ambitious project by developer Forest City Ratner to build two towers with more than 1,000 residential units at Wilshire Boulevard and Fairfax Avenue.
New property developments are on the rise in downtown Los Angeles . International and local real estate companies are investing in a host of new city projects . The latest is an ambitious project by developer Forest City Ratner to build two towers with more than 1,000 residential units at Wilshire Boulevard and Fairfax Avenue.