The Historic Core’s lovely old buildings have long been used as filming locations and affordable housing for low-income tenants, but over the last few years, developer interest in the neighborhood has ramped up. Just west of Skid Row and south of the Civic Center, this pocket is most notably home to Grand Central Market and Pershing Square, which, is, thankfully, being redesigned.
Developers are eying such places as the Title Insurance and Trust building, which is being remade into creative offices. And, a block of Main between Third and Second streets could possibly lose an entire row of longtime businesses, including popular DIY venue The Smell. Those businesses have been threatened with demolition, though their fate, as of now, is murky. A couple of other big projects worth noting are underway on the Historic Core’s southern outskirts, too: TheBroadway Palace, a mix of 439 residential units and 35,000 square feet of retail at 928 S. Broadway, and the restoration and transformation of the Broadway Trade Center, which will house a food hall, bars, retail, a hotel, a rooftop public park, and more.
For better or worse, all of these projects together will likely have a big impact on the Historic Core in the near future.