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Urbanize Daily | November 5, 2025

Urbanize Daily | November 5, 2025

Stay up to date on Los Angeles real estate news.

November 05, 2025

📅 Today's Story: AEG is making a third attempt to transform a parking lot near L.A. Live into a 49-story mixed-use tower. The project will feature a hotel, residential units, entertainment spaces, and more, requiring city planning approvals for construction.

AEG plans 49-story hotel-residential tower at 917 W. Olympic Blvd. in DTLA

L.A. Live-adjacent project would also include entertainment and restaurant uses

📰 What Happened: AEG has submitted plans to the Los Angeles Department of City Planning for a 49-story building at 917 W. Olympic Blvd. This mixed-use project will include a hotel with 334 rooms, 364 residential units, entertainment spaces, restaurants, and bars. The tower will feature multiple levels of parking and various amenities.

🔍 A Closer Look: The proposed development includes entertainment uses such as miniature golf and escape rooms on the fifth and sixth floors. A hotel will occupy the ninth to 20th floors, while residential units will be on the upper floors. The design includes LED signage and a glass curtain wall, with a podium-top amenity deck featuring a pool and fitness area.

🧠 Why It Matters: This project represents AEG's continued efforts to enhance the vibrancy of Downtown Los Angeles. If successful, it could significantly contribute to the area's growth and appeal, aligning with ongoing developments like the Los Angeles Convention Center expansion. Approval of this plan could set a precedent for future mixed-use projects in DTLA.