Metropolis has had a bigimpact on the local economy, according to GreenlandUSA, the developer of the project. While sales of thesecond tower have just started, the first tower of the four-towerproject, which includes two residential towers and a hotel, isalready 80% sold. During the construction project, the developmentwill have created 15,000 total jobs, making a tremendous impact onthe local economy. In addition, Metropolis is fulfilling a need formore housing in the DTLA submarket.

“Metropolis is the largest mixed-use project West of theMississippi,” Na Ye, associate director ofmarketing and sales at Greenland USA, tells GlobeSt.com. “Ourambition was to create a property that would revitalize this areaof downtown; to create homes for families, restaurants and retailfor gathering and to become part of the intricate fabric of theinvigorated urban core. Today, Metropolis is meeting the local needfor more housing to support the city's growing populationinterested in urban living and providing more than 15,000well-paying jobs to people from L.A. County over the course of itsconstruction.”

At its construction peak, the project created 1,700 union jobsin more than 20 trades. “Virtually all of them were the primarybreadwinners for their families and we met, and in many cases,exceeded local hire, female and minority participation goals,” addsYe. “We partnered with our general contractors and individualtrades to develop apprenticeship programs and to support programslike 'Helmets to Hardhats,' which assists returning veterans intransitioning back into civilian life.”

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Kelsi Maree Borland

Kelsi Maree Borland is a freelance journalist and magazine writer based in Los Angeles, California. For more than 5 years, she has extensively reported on the commercial real estate industry, covering major deals across all commercial asset classes, investment strategy and capital markets trends, market commentary, economic trends and new technologies disrupting and revolutionizing the industry. Her work appears daily on GlobeSt.com and regularly in Real Estate Forum Magazine. As a magazine writer, she covers lifestyle and travel trends. Her work has appeared in Angeleno, Los Angeles Magazine, Travel and Leisure and more.