Banks, department stores, and movie palaces at one time drew residents and visitors of all socioeconomic classes downtown, but the area declined economically especially after the 1950s. It remained an important center — in the Civic Center, of government business; on Bunker Hill, of banking, and along Broadway, of retail and entertainment for Hispanic Angelenos, especially immigrants. Now Downtown has been experiencing a renaissance that started in the early 2000s. The Staples Center anchors downtown's south end, and along Broadway, pre-war buildings are being restored for new uses, such as a luxury condos, co-working spaces, and a new high-end retail.
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