Much of the public discourse surrounding Los Angeles's booming commerce is particularly focused on the Westside (Silicon Beach) and Downtown. However, companies are starting to realize that many of LA's knowledge-based workforce actually resides in areas in and around Northeast LA (which includes Highland Park and Chinatown).
In Inc. Magazine's rankings of the fastest growing private companies in America over the past three years, Loot Crate - a company based in Highland Park - was named on top of the list.
"Loot Crate, which sends geeks and gamers a monthly collection of action figures, comic books and other loot, has gone from $125,000 in revenue during in its first year to $116 million in revenue last year."
Chinatown and the surrounding Cultural Core near Union Station continues to be the focal point of much development activity. Many large-scale developments have been recently completed (ie: Jia Apartments and Blossom Plaza) and the Trammell Crow Company is the latest with the ground breaking of La Plaza Cultura Village, across the street from Union Station.
La Plaza Cultura Village, slated for two Los Angeles County-owned parking lots at the intersection of Broadway and Cesar E Chavez Avenue, will consist of five- and eight-story buildings featuring 355 residential units and 43,000 square feet of ground-floor retail and restaurant space.
The creative community in LA is increasingly moving closer to Downtown and the Eastside, and tenants from other cities are taking notice as well. Recently, custom shoe & bag designer/manufacturer, Solid State Studios (from Chicago) decided to relocate their studio to Chinatown, DTLA, a community that we are heavily invested in. Welcome Solid State!
Chinatown's pedestrian-friendliness & convenient public transit accessibility fosters a vibrant business community and the neighborhood continues to experience an array of unique shopkeepers to set up their new storefronts here. Most recently, Nous Tous, a partnership between Citizens of Culture creator Maceo Paisley and Koshka's Teresa Hu, opened up shop in Chinatown's Central Plaza. RedCar is heavily invested in Chinatown, and we are excited to welcome them as partners in the revitalization of the neighborhood!
The New York Times recently came out with a 36-hour visitor's guide to Los Angeles and prominently features two neighborhoods that RedCar is deeply invested in: Chinatown and Highland Park. The NY Times features neighboring businesses to our buildings such as the Highland Bowl, Sunbeam Vintage, ETA Bar, LA Plaza, and Velveteria. Go take a look and forward it on to any visitors you know!
Earlier this year, we finalized a lease to bring Los Feliz's Homestate to take occupancy at our building at the Highland Hotel. Though we're still months away from finishing their build-out, the news of their second location with us is already generating buzz in the food world.
North Figueroa Street has again another new location for residents and visitors alike to have a few drinks and enjoy one another's company. ETA Bar (same owner as Greyhound Bar & Grill) recently opened a small dive bar to cater to the neighborhood and offer a gathering place for residents to hang out.
The grand opening of the Highland Park Bowl (Highland Hotel neighbor) was highly touted and met with much ooh and ahhs. Many have praised 1933 Group's attention to detail and reviving much of the building's storied architectural qualities.