What Metropolis does

Metropolis is a $1B+ luxury mixed-use real estate development developed by Greenland USA, the US subsidiary of Shanghai Stock Exchange-listed Greenland Group, located on a full city block in the South Park neighborhood of Downtown Los Angeles. The four-tower complex comprises three residential condominium towers totaling 822 units across Phase I (308 units) and Phase II (514 units), ranging from studios at $370,000 to two-bedroom residences at up to $1,185,000, plus an eight-residence Penthouse Collection of two-story homes up to 3,534 square feet atop Tower I. The project integrates Hotel Indigo's flagship boutique hotel, more than 70,000 square feet of street-level retail, and over 100,000 square feet of indoor/outdoor amenities including a 1.5-acre skypark, resort pool, fitness center, screening room, and business center.

The development's underlying "technology" stack is conventional luxury real estate: Nest Learning Thermostats for climate control, high-speed connectivity, an automated direct-to-floor elevator in Tower Two, and Matterport 3D virtual tours for remote buyers. Sales are handled exclusively through Polaris Pacific, a licensed broker operating across six Western US states, with on-site presentation at the Sales Gallery at 877 Francisco Street, supported by digital channels including the metropolislosangeles.com website, Facebook, Instagram, WeChat (indicative of cross-border Asian-buyer outreach), the MetConnect email newsletter, and listings on MLS, Zillow, Redfin, and Trulia. The customer base consists of affluent urban professionals and real estate investors targeting the DTLA luxury segment.

The revenue model is multi-stream: one-time condominium unit sales, recurring HOA fees ($819–$1,574 per month depending on unit type), retail ground-floor leasing income, and hotel operations through the Hotel Indigo partnership. THEA Residential Leasing, a wholly-owned subsidiary, captures rental and property-management revenue on units not sold to end owners. The project holds Final Subdivision Public Reports from the California Department of Real Estate for both phases, is geographically restricted to California for unit sales, and is operated from a small corporate team (11–50 employees) focused on sales, leasing, and property management. There is no venture or private equity institutional capital in the disclosed ownership chain.

Name

Metropolis

Legal name

Metropolis

Website

https://metropolislosangeles.com

Company type

Private

Founded year

2019

Operating status

Operating

Headcount range

11–50 employees

Short description

Metropolis is a $1B+ luxury mixed-use real estate development in Downtown Los Angeles, built by Greenland USA, comprising 822 condominium units across four towers, a Hotel Indigo, and over 70,000 square feet of retail, selling to affluent buyers and investors through Polaris Pacific.

Ownership category

akta.pro rank

Headquarters

HQ city

Los Angeles

HQ country

United States

HQ region

North America

Offices2 records

Markets served

GTM type

B2C

Offering type

Services

Cost components

Infrastructure, Marketing or Sales, Personnel, Operations, Technology or R&D, Supply Chain

Revenue model

1. Residential Unit Sales: Sale of condominium units across multiple towers including studios, one-bedroom, two-bedroom, and penthouse residences. The development has two phases: Phase I with 308 residential condominiums and Phase II with 514 residential condominiums, totaling 822 units.
2. Hotel Operations: Boutique Hotel Indigo operating within the Metropolis complex, providing hospitality services and generating revenue from guest stays
3. Retail Space Leasing: Over 70,000 square feet of street-level retail space leased to tenants, establishing DTLA as a premier neighborhood for shopping, dining, and entertainment

Pricing tiers

Go-to-market motion1 record

Distribution channels2 records

Marketing channels7 records

Core offering

Metropolis is a four-tower luxury mixed-use development in Downtown Los Angeles comprising three residential condominium towers (822 units across Phase I and Phase II), the Hotel Indigo boutique hotel, and over 70,000 square feet of street-level retail space. Residences include studios, one- and two-bedroom condominiums and an eight-residence Penthouse Collection atop Tower I, supported by more than 100,000 square feet of indoor/outdoor amenities including a 1.5-acre skypark.

Product overview

Metropolis is a four-tower mixed-use development in Downtown Los Angeles comprising three residential condominium towers (Tower Residences) with a Penthouse Collection atop Tower I, the Hotel Indigo boutique hotel, and over 70,000 square feet of street-level retail space. The property spans a full city block in the South Park neighborhood and offers residents over 100,000 square feet of combined indoor/outdoor amenities including a 1.5-acre skypark, resort-style pool, fitness center, screening room, and business center. The development is managed with 24-hour lobby ambassadors, secure access, and package management services.

Differentiator

Problem solved

Functional benefit

Products and services

• Tower Residences High-rise residential condominiums in three Metropolis towers featuring studios, one-, and two-bedroom units with floor plans up to 1,720 square feet and panoramic Los Angeles views, priced from $370,000 to $1,185,000 with monthly HOA fees between $819 and $1,574.
• Penthouse Collection Eight two-story penthouse residences atop Tower I with floor plans ranging from 1,640 to 3,534 square feet featuring sky-high Los Angeles views and the project's finest finishes.
• Hotel Indigo at Metropolis Boutique design-driven hotel operating as the flagship Hotel Indigo location within the Metropolis complex, offering an elegant lobby lounge and bar, a sky lounge with panoramic views, and acclaimed dining with resident access privileges.
• Street-Level Retail Space Over 70,000 square feet of street-level retail space leased to tenants for shopping, dining, and entertainment, supporting the establishment of DTLA as a premier neighborhood destination.
• THEA Residential Leasing On-site residential leasing and property management subsidiary supporting resident services and rental operations within the Metropolis complex.

Segments2 records

Ideal customer profiles3 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature3 records

Partnerships

Six partnerships are on record, tiered core and minor.

• Polaris PacificcoreChannel Partner/ Reseller/ DistributorLicensed real estate broker in California, Arizona, Colorado, Hawaii, Oregon, and Washington handling real estate consulting, sales, and marketing for Metropolis. Operates the on-site Sales Gallery.
• GenslercoreStrategic or Co-development PartnerGlobal design firm established in 1965 with 4,000+ professionals. Partnered with Greenland USA for Phase I architecture, creating the grand vision for Metropolis with sustainable design as a guiding principle.
• Harley Ellis Devereaux (HED)coreStrategic or Co-development PartnerFounded in 1908, HED is a fully integrated architecture and design practice serving markets including Corporate, Healthcare, Higher Education, and Science+Technology. Offices in Chicago, Detroit, Los Angeles, Sacramento, San Diego, and San Francisco. Responsible for Phase II architecture.
• Hotel IndigocoreStrategic or Co-development PartnerDesign-driven boutique brand's flagship property at Metropolis. New urban retreat featuring elegant lobby lounge and bar, sky lounge with panoramic views. Residents have special access to acclaimed dining and lounge.
• OJB Landscape ArchitecturecoreStrategic or Co-development PartnerAward-winning landscape architecture firm responsible for the R2 sky park at Metropolis. The amenity deck celebrates California temperate climate with outdoor living spaces, pool, outdoor kitchen, activity lawns, dog park, and children's play area.
• RELMminorStrategic or Co-development PartnerLandscape architecture and urban design practice with 30 years of experience. Responsible for Phase I landscape design at Metropolis, dedicated to urbanism, connectivity, and capturing wonder in between spaces.

Scale indicators6 records

Recent moves6 records

Expansion highlights4 records

Direct peers

• Lendlease: Lendlease is an Australian-founded global developer of large urban mixed-use projects (e.g., Barangaroo Sydney), similar to Metropolis in combining residential, retail, and amenity-rich programming on a single master-planned footprint.
• Silverstein Properties: Silverstein is a major NYC-focused mixed-use developer behind residential towers such as 30 Park Place and 111 West 57th Street — comparable to Metropolis in trophy-scale urban residential development with branded hospitality tie-ins.
• The Related Companies: The Related Companies is a large-scale, mixed-use luxury developer behind projects such as Hudson Yards and The Century in Los Angeles — directly comparable to Metropolis as a four-tower, full-block, residential-plus-retail/hospitality development serving an affluent urban buyer.
• Brookfield Properties: Brookfield Properties develops and operates large mixed-use, residential, and hospitality assets in major North American downtowns — directly comparable to Metropolis in scale, mixed-use format, and integrated retail/residential programming.
• Forest City Realty Trust: Forest City, now part of Brookfield, developed large urban mixed-use campuses (e.g., Atlantic Yards/Pacific Park) that combine for-sale residential, rentals, and retail — a highly comparable product mix and development model to Metropolis.
• Tishman Speyer: Tishman Speyer is a global real estate developer of trophy mixed-use and residential assets (e.g., Rockefeller Center, The Spiral), operating with comparable capital intensity, mixed-use structure, and high-end urban positioning to Metropolis.

Regional players

• Douglas Emmett: Douglas Emmett is an LA-focused REIT with Class A multifamily and office assets on the Westside and in select submarkets — comparable to Metropolis as an institutional owner/operator of premium LA residential product, though more multifamily-rental than for-sale condo.
• Essex Property Trust: Essex is a West Coast multifamily REIT focused on coastal California apartments — a comparable institutional owner of premium LA residential product, although operating in rentals rather than for-sale luxury condos.

Broad incumbents

• AvalonBay Communities: AvalonBay is a national multifamily REIT with significant West Coast urban exposure — broadly comparable as a large institutional operator of upscale apartment product adjacent to luxury urban submarkets like DTLA.
• Pacific Park Brooklyn: Pacific Park Brooklyn is Greenland USA's $6B+ master-planned mixed-use development in NYC — the closest internal comparator for Metropolis given shared developer (Greenland USA), shared mixed-use template, and shared luxury positioning.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat4 records

Key risks6 records

Key highlights7 records

Customer concentration

• Facebookfacebook.com/MetropolisDTLA
• Instagraminstagram.com/metropolisdtla/?hl=en
• LinkedInlinkedin.com/company/metropolis-los-angeles

Revenue estimate

Valuation estimate

Number of profiles

Subsidiaries1 record

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Metropolis