Nestled in the heart of Downtown, Bunker Hill is bordered by First Street to the north, Fourth Street to the south, the 110 freeway to the west and Grand Avenue to the east.  Bunker Hill is the undisputed cultural center of Downtown Los Angeles.  The Music Center along Grand Ave boasts the Dorothy Chandler Pavilion, Ahmanson Theater, Mark Taper Forum, and Walt Disney Concert Hall, an architectural masterpiece.

The Los Angeles Philharmonic, Master Chorale, the Los Angeles Opera as well as other various artistic productions by the Center Theater Group can be enjoyed at the Music Center in Bunker Hill.  REDCAT, the Roy and Edne Disney CalArts Theater, a part of the Walt Disney Concert Hall, presents new and innovative visual, performing and media arts.  It is no contest, Bunker Hill, now has so many cultural, musical, and performance venues to offer its patrons.

The development momentum from the 1980s is slowly returning, as of 2005. Many of the older buildings and the early high-rises are undergoing adaptive reuse from commercial to residential. This trend began in 2000, when the Los Angeles City Council passed an Adaptive Re-Use Ordinance, allowing old unused office buildings to be redeveloped as apartments or "lofts."

Developers realized there was a high level of pent-up demand for living in or near downtown, by both artists and employees of various firms in the financial district, and that they could profit by supplying upscale luxury housing (equipped with appropriate security measures) to meet such demand. Many developers have been able to sell all the units in their new projects in a matter of hours.  

Another factor contributing to the resurgence of development in the Bunker Hill area is the construction of high-quality public venues, such as the new Walt Disney Concert Hall and Cathedral of Our Lady of the Angels, and the Museum of Contemporary Art. Planned projects include the Los Angeles Sports and Entertainment District on Figueroa Street and Olympic Boulevard in South Park (the southern end of the Bunker Hill area), and the February 2007 approved $2.05 billion Grand Avenue Project, which over the next 10 years starting fall 2007 (the first construction beginnings) will bring in over 2,000 new residential units with over 400 of them being affordable units for all degrees of low-income families, 1 million square feet (93,000 m²) of office space, a Mandarin hotel, 600,000 square feet (56,000 m²) of retail and entertainment space, and a 16 acre (65,000 m²) park connecting City Hall to certain civic establishments (office space and residential units will be in several skyscrapers ranging between 35-55 stories each).