![]() ![]() Though the neighborhood shows signs of recovery, few expect it to return to being the bustling hive of suits and ties that it was.īusiness Inside Frank Gehry’s latest Los Angeles mega-projectĪrchitect Frank Gehry’s latest project opens in downtown Los Angeles. But the pandemic and the wave of remote work hollowed out its skyscrapers and helped shut many restaurants and businesses that relied on crowds of workers. “Our bet was that downtown was going to come back, and it hasn’t,” Cognian said.įor decades the Los Angeles financial district was the beating heart of downtown, the corporate muscle that gave the city of sprawl a soaring glass skyline. With sales down 75% from pre-pandemic days, his company closed the downtown gastropub in August and is not planning to return. Three break-ins cost as much as $12,000 each time just to repair the windows, all while the bottom line was cratering in the absence of the office employees who used to gather for lunch and after-work drinks. “It was hard to keep hostesses at the door, because they got scared,” said Cognian, chief executive of the restaurant’s parent company, Grill Concepts Inc. But the evacuation of white-collar workers made way for an influx of homeless people and drug users - and more than a few troublemakers striding in the front door.
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