Development agreement

700 South Flower Street; 700 West 7th Street; 711 South Hope Street, Los Angeles, CA

On municipal recordLos Angeles, CA
5/ 5
Prime signal
Bedrock impact score
Action type
Development agreement
Asset class
Multi-asset · site-wide
Status
On municipal record
Filed
2026-08-21
Jurisdiction
Los Angeles, CA
Days on record
8 days
01Investment highlights

Why this deal matters

  • Development agreement in Los Angeles, CA
  • Bedrock impact score 5 of 5 — Prime signal
  • A fully executed DA at this prime Downtown LA block locks in entitlements, development standards, and fee structures
  • Competitors and adjacent landowners should act now before vested rights are cemented.
  • On the municipal record 8 days (filed 2026-08-21)
02Deal summary

The rationale

A fully executed DA at this prime Downtown LA block locks in entitlements, development standards, and fee structures — competitors and adjacent landowners should act now before vested rights are cemented.

Los Angeles City Council is taking second consideration to adopt an ordinance authorizing a Development Agreement between the City of Los Angeles and NREA-TRC 700 LLC for real property located at 700 South Flower Street, 700 West 7th Street, and 711 South Hope Street in the Downtown Community Plan Area.

03Deal facts

The filing record

Jurisdiction
Los Angeles, CA
Action type
Development agreement
Asset class
Multi-asset · site-wide
File number
#25-0778
Applicant
NREA-TRC 700 LLC
Status
On municipal record
Filed
2026-08-21
Days on record
8 days
04Location

Where this sits

Approximate — centered on the jurisdiction (no exact street address on file).Esri World Imagery
700 South Flower Street; 700 West 7th Street; 711 South Hope Street, Los Angeles, CA
34.05200, -118.24400 · approximate (jurisdiction center)
Street view

At street level

Street view of 700 South Flower Street; 700 West 7th Street; 711 South Hope Street, Los Angeles, CA
Google Street View · nearest outdoor imagery
Property record

Parcel & ownership

APN / Parcel
5149-001-915
Land use
Government Parcel
Year built
2009
Parcel data · L.A. County Assessor
Area demographics

Los Angeles County

10,040,682
Population
$71,358
Median HH income
3,332,504
Households
$1,415
Median rent
U.S. Census · ACS 5-year
Nearby amenities

Within ~1 mile

20 Transit
20 Schools
20 Dining
10 Grocery
20 Banks
20 Parks
Points of interest · Google Places
05Record timeline

Filing to current status

  1. Filed with jurisdiction
    2026-08-21
    8 days on record
  2. Scored by Bedrock
    Relevance 5 / 5
    Automated land-use signal
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