History & Background
This is L.A.’s original “Downtown” and “Wall Street of the West.” In the first half of the 20th Century, banks and financial institutions planted their roots along Spring Street in what’s now called the Old Bank District. Once the banks started moving to Figueroa Street in the new Financial District, the Historic Core became a ghost town. However, thanks to the Adaptive Re-Use Ordinance in 1999, developers have transformed the Historic Core into an energized neighborhood full of new residences, restaurants, art galleries, and night life. Also located within the Core confines are several other well-known neighborhoods, including Gallery Row and the Jewelry District.
Nightlife & Entertainment
There is plenty to do in the Historic Core at night, starting with cocktails at busy bars like The Varnish, The Edison, Silo Vodka Bar, Wendell, The Association, to name a few. Also, there are a number of trend-setting restaurants like The Black Sheep, Bronzed Aussie, Sushi Zo, and the rooftop French bistro, Perch. The L.A. Stock Exchange Building was turned into to the giant four-story nightclub, Exchange LA.
This neighborhood was the focus of the redevelopment in the mid-2000s, so the Historic Core today is one of the most desired areas to live in Downtown with beautiful architecture on the outside and modern amenities inside each building. Even though a great deal of the re-development has been completed in the Historic Core, it’s far from finished.