History & Background
The Financial District was facilitated by the L.A. Community Reinvestment Act following the decline of the “Spring Street Financial District,” now known as the Old Bank District. Today, 75% of the skyscrapers taller than 45 stories are located in the Financial District, but who knows how much longer that will be the case with all the construction going on elsewhere. In the early ’70s, City National Plaza (aka ARCO Towers) pushed the skyline higher at 52 stories to become L.A.’s first skyscrapers.
Nightlife & Entertainment
A portion of 7th Street is this district’s Restaurant Row due to the number of popular and eclectic restaurants that have moved in like Bottega Louie, Yelp’s most popular restaurant in the country. In addition there is Sugar Fish, Mo-Chica, Mas Malo, and many others. For cocktails, try Salvage Bar or the popular whiskey bar, Seven Grand, and that’s just Restaurant Row. Other places to check out in the Financial District are Library Bar, The Rooftop at the Standard Hotel, Gallery Bar and the Cognac Room at the Biltmore, Water Grill and Sixth Street Tavern. By the way, this list could go on forever.
There are plenty of places to live in the Financial District, despite the neighborhood’s commercial density. For example, there is The Pegasus next to the AON Center, 611 Place behind the Biltmore, The Roosevelt, Giannini Square, and residential development continues.