A mixed-use project on the border between the Arts District and Skid Row in Los Angeles has gained momentum under an infrastructure law backed by Gov. Gavin Newsom (D-CA) that passed last year.

Newsom is attempting to expedite $2 billion for a 7.6-acre project at 4th Street and Central Avenue, redeveloping a cold storage facility into residential, retail, and office buildings. Named Fourth & Central, the project would create 10 buildings consisting of 1,500 new homes, a 68-room hotel, and over 400,000 square feet of office space, retail shops, and restaurants. Newsom, on Thursday, said the project would funnel $2 billion into California’s economy and create up to 10,000 union jobs.