Figueroa between Olympic and 11th Street
L.A. Live, which broke ground in 2005, and a planned development on Grand Avenue, are two large-scale projects aimed at reviving downtown. As the Grand Avenue Project is being compared with the Champs-Élysées, L.A. Live is touted as the Times Square of Los Angeles. The $2 billion complex will take up six city blocks and include a 7,000 square foot theater, a 54-story hotel, residential, retail, office, and broadcasting space. It is set to be completed in 2010.