Bedrock
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
2026-08-14
Jurisdiction
Los Angeles, CA
Days on record
15 days
Aerial view of 700 South Flower Street; 700 West 7th Street; 711 South Hope Street, Los Angeles, CAApprox — jurisdiction center
Aerial — close view · EsriInteractive map ↓
Street View ↗
01Investment highlights

Why this deal matters

  • Development agreement in Los Angeles, CA
  • Bedrock impact score 5 of 5 — Prime signal
  • A DA at this Downtown LA location locks in entitlements, fees, and development rights for what is likely a major high-density project
  • Competitors and adjacent landowners need to track this now before terms are finalized.
  • On the municipal record 15 days (filed 2026-08-14)
02Deal summary

The rationale

A DA at this Downtown LA location locks in entitlements, fees, and development rights for what is likely a major high-density project — competitors and adjacent landowners need to track this now before terms are finalized.

Los Angeles City Council is considering a Development Agreement ordinance between the City and NREA-TRC 700 LLC for a large project spanning three parcels at 700 S. Flower St., 700 W. 7th St., and 711 S. Hope St. in the Downtown Community Plan Area, backed by a certified EIR (ENV-2021-9959-EIR).

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 (Dan Cote); Rep: Craig Lawson & Co., LLC (Andie Adame)
Status
On municipal record
Filed
2026-08-14
Days on record
15 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
    2026-08-14
    15 days on record
  2. Scored by Bedrock
    Relevance 5 / 5
    Automated land-use signal
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