|Downtown Los Angeles|
|Having a total population of about 50,000 residents, the district of Downtown Los Angeles is both commercially and residentially organized. It serves as a popular central commercial zone in the heart of the Californian City of Los Angeles, New York.|
About Downtown Los Angeles
Founded in the year 1781, Downtown Los Angeles has taken a dramatic twist of change to become what it is today. Before its economic decline in the late 90s, the neighborhood used to be the hub of several commercial activities in the area. They include, banking, fashion designing, entertainment especially with movies and transportation services from LAX airport. However, in the early 21st century, the city experienced a commercial return and economic transformations began to take effect e.g. old building structures were renovated for new commercial purposes, skyscrapers were been raised, modified government buildings, recreational parks and movie theatres were established.
As a major district and neighborhood of Los Angeles, Downtown Los Angeles is bordered on the north and northwest by Echo Park, on the northeast by Chinatown, to the east by Boyle Heights, on the south be Vernon, on the southwest by Historic South Central and University Park and on the west by Pico-Union and Westlake.
In Downtown Los Angeles, many office buildings are no longer in use, instead they are either used for storage purposes or they are left empty. This is as a result of the massive migration of office market from the downtown area to Bunker Hill and the Financial District area. However, some of these buildings are beginning to be renovated into luxury apartments and condominiums or used for another different purpose entirely. This new step of action was taken after the Los Angeles City Council passed an ordinance on adaptive reuse of abandoned buildings in the neighborhood in the late 90s. To this effect a number of about 15,000 residential buildings have either been rebuilt or created since the year 2000, which has led to an increased percentage in the residential population of the neighborhood.