Downtown Los Angeles Neighborhood Council’s Planning and Land Use Committee held a presentation recently to discuss the upcoming plans for a massive mixed-use project in the Fashion District. According to their application, The City Market, formerly one of LA’s oldest wholesale produce markets, will be redeveloped into a complex that includes “educational, office, residential, hotel, entertainment and retail uses.” Via Urbanlize, new renderings have been released for the 10-acre site located between Ninth, San Pedro, 12th, and San Julian streets.

A group of farming families founded The City Market in 1909. The current property owners, led by Peter Fleming, teamed up with downtown developer LENA Group in 2013 to repurpose the million-dollar site into a billion-dollar venture.

Rendering by Hanson LA

This venture will take up approximately 1.79 million square feet of floor area, which would include both public and private spaces. New buildings vary in height, but for now the renderings show that 312,112 square feet will be used for corporate and college education space, 945 residential units, and approximately 200 rooms for hotel space. Another 295,000 square feet will be for commercial space including medical, creative offices, and manufacturing, while approximately 225,000 square feet will be dedicated to retail. Plans also call for a garage, which would include about 3,700 parking spots.

Keeping the neighborhood in mind, developers also plan on enforcing transportation-friendly policies that would benefit public transit users, cyclists, and pedestrians.

Although there’s no clear start date yet, the project will be divided into four phases over the course of 25 years.