LA approves $2B Fourth & Central redevelopment
City Council approved the Rauch family's plan to turn the Los Angeles Cold Storage site into 10 buildings with 1,589 homes and about 550,000 SF of commercial space.
What's happening
The Los Angeles City Council approved Fourth & Central in June 2026, according to Commercial Observer. The roughly $2 billion project would redevelop the Los Angeles Cold Storage site east of downtown.
Plans call for 10 buildings with 1,589 residential units and about 550,000 square feet of office and retail space. The Rauch family, which owns Los Angeles Cold Storage, is behind the project. Groundbreaking is expected in 2028.
- Size: 1,589 units plus about 550,000 SF office and retail
- Developer: Rauch family / Los Angeles Cold Storage
- Location: East of downtown Los Angeles
- Status/Timing: Approved June 2026; groundbreaking expected 2028
- Cost: About $2 billion
What it means for owners, tenants and investors
The approval adds a large entitled mixed-use site to the Arts District and downtown edge. Its office and retail space would not deliver for several years, giving the market time to absorb existing downtown vacancy. The residential count is significant for an area that has seen limited new housing supply.
Fourth & Central is one of the largest entitled mixed-use sites near downtown Los Angeles.
What to watch
Watch for financing, phasing plans, and whether the 2028 groundbreaking target holds.
Imagery: Google Earth.
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