LOS ANGELES – Angels Landing has secured the support of the Central City Association (CCA), Downtown Los Angeles’s most influential advocacy organization for business, trade association and nonprofit stakeholders for nearly 100-years.
CCA President and CEO Jessica Lall, in a letter Los Angeles City Planning leadership, wrote, “CCA supports projects that bring more housing units online in DTLA to enable people to live near where they work, provide new hospitality and employment options in our city center and create unique and compelling places, and we’re pleased to offer our support for the Angels Landing project with that in mind.”
Victor MacFarlane, president and CEO, MacFarlane Partners and R. Donahue Peebles, president and CEO, The Peebles Corporation – principals of Angels Landing Partners, LLC – said, “We are pleased and proud to have the solid support for our Angels Landing hotel project from the Central City Association Board of Directors, executive leadership and staff as L.A. City officials proceed with their administrative review, legislative approval and governmental entitlement process.”
Angels Landing is comprised of two towers, each to be anchored by its own five-star hotel. The development will feature Angels Landing Plaza, an expansive, pedestrian-centered, transit-adjacent, modern urban park in the heart of downtown L.A.
According to an analysis prepared by BJH Advisors, LLC., more than 8,300 new jobs will be created during Angels Landing’s project design and construction. The New York City-based firm’s report estimates Angels Landing would additionally create more than 800 permanent jobs in downtown L.A. An estimated 500 jobs would be created by vendors in the L.A. County region providing good and services to the two luxury hotels.
In addition to new job creation, the BJH Advisors analysis projects Angels Landing would provide L.A.’s local economy a $1.6 billion boost and contribute $731 million to local worker’s earnings during its construction. The project would generate as estimated 12 million in recurring tax revenues and $2.4 million annually in local property tax revenues, according to the report.
Angels Landing Plaza will frame the angular, multi-level Bunker Hill site as a publicly accessible, privately managed park amenity, establishing it as a vibrant, inviting, and treasured locale for L.A.’s downtown neighborhood residents, weekday commuters, nightlife seekers, tourists, and hotel guests. L.A.’s historic Angel’s Flight funicular will operate along its hillside-climbing, east-west route contiguous to the Angels Landing.