Anschutz Entertainment Group (AEG) has announced ambitious plans to develop a 49-story mixed-use tower at 917 West Olympic Boulevard in downtown Los Angeles. The massive development project will combine hotel accommodations and residential units in a single high-rise structure, marking another significant addition to the rapidly evolving downtown skyline.

The proposed tower will be strategically located adjacent to L.A. Live, AEG's entertainment complex that already serves as a major destination for sports, concerts, and dining in the heart of the city. This prime location positions the new development to capitalize on the steady flow of visitors and residents in one of downtown's most vibrant districts.

Beyond hotel rooms and residential units, the comprehensive project will incorporate entertainment venues and restaurant spaces, creating a multifaceted destination that aligns with AEG's expertise in hospitality and entertainment. These additional amenities are expected to enhance the overall appeal of the development while contributing to the continued revitalization of downtown Los Angeles.

The announcement represents AEG's continued investment in the downtown area, where the company has already established itself as a major player through its ownership and operation of various entertainment properties. This latest project demonstrates the ongoing confidence in downtown Los Angeles as a desirable location for large-scale mixed-use developments that serve both tourists and permanent residents.