Earlier today, developer Shenzhen Hazens Real Estate Group and Starwood Hotels and Resorts announced plans for the W Los Angeles Downtown, slated to open early in 2019. The 250-room establishment - to be located across the street from L.A. Live and Staples Center - would be the W brand's third location in Southern California, following Beverly Hills and Hollywood.

According to a press release, the proposed five-star hotel would feature a wide array of guest amenities, including a spa, an outdoor pool deck with a bar and grill, stores, bars and destination restaurants. Additionally, plans call for approximately 15,000 square feet of meeting and event space.

The W Los Angeles Downtown is one component of a larger mixed-use complex planned by Shenzen Hazens. In addition to the 32-story hotel, the project would also 650 condominiums and 80,000 square feet of retail space in adjacent 42- and 32-story towers.

Construction of the first phase of Shenzen Hazen's development - including the W hotel - is expected to commence in 2017. The second half of the project, slated for the current site of the Luxe Hotel, would begin following the W's completion.

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Two Affordable Housing Projects Poised for $31 Million in Funding

The projects would create over 90 units reserved for low-income residents.

Earlier this month, the Los Angeles City Council approved $31 million in funding for affordable housing in Westlake and near USC.