Development agreement
700 South Flower Street; 700 West 7th Street; 711 South Hope Street, Los 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
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
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
- Filed with jurisdiction2026-08-218 days on record
- Scored by BedrockRelevance 5 / 5Automated land-use signal
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