A camera perched high above South Park provides live updates on Circa, a $500-million high-rise development rising across from the Los Angeles Convention Center. Last year, a development team lead by Jamison Services and Hankey Capital broke ground on the two-tower development at 1200 S. Figueroa Street, which will create 648 apartments and approximately 40,000 square feet of ground-floor commercial space. The twin 36-story buildings, designed by architecture firm Harley Ellis Devereaux, will rise above an eight-level podium clad with glass and electronic signage.
An upcoming presentation to the Downtown Los Angeles Neighborhood Council’s Planning and Land Use Committee has revealed new details about the proposed Cambria Hotel near L.A. Live. Local developer Pacific Property Partners has teamed with private equity firm Sun Capital on the mixed-use project, which would create an 18-story tower at the intersection of James M. Wood Boulevard and Georgia Street. At completion, the development would add 247 guest rooms and suites in close proximity to the Los Angeles Convention Center.
This week, the Downtown Los Angeles Neighborhood Council’s Planning and Land Use Committee will review a proposed mixed-use development flanking the Expo and Blue Line tracks in South Park. A trio of property owners, lead by Leon Adhoot, filed plans with the City of Los Angeles earlier this year to redevelop a 30,000-square-foot property at 1400 S. Flower Street into a seven-story edifice featuring residential units above pedestrian-oriented commercial space. The upper levels of the building would offer a collection of 147 studio, one- and two-bedroom apartments.
Another multifamily residential complex is planned in the South Park neighborhood of Downtown Los Angeles. According to broker Samir Rai of Keystone Realty, Los Angeles-based FMB Development recently closed on a property at 1317 S. Hope Street, and will soon begin construction for a seven-story building on the property. Permit filings from the Department of Building and Safety describe the project as featuring 38 residential units - including six units for very low income households - above ground-floor retail space and two levels of underground parking.
With a pair of tower cranes now in place, developer Mack Urban is now ready to begin vertical constructon for its 37-story residential building in South Park. The project at 1120 S. Grand Avenue, which is being developed in partnership with AECOM Capital, will feature 512 dwelling units above 10,000 square feet of retail space and parking for 752 vehicles. This includes a series of townhouse-style units that will front an alley-way on the eastern side of the property.
An undersized facility and a dearth of hotel rooms are two factors frequently cited in the struggles of the Los Angeles Convention Center (LACC). Over the past decade, the City has undertaken a number of strategies to address these two deficiencies, ranging from tax incentives for hotel developers to potentially adding new exhibition space above Pico Boulevard. The latest gambit may come in the form of a public-private partnership (P3) with one of the biggest players in Downtown real estate.
Local real estate firm Pacific Property Partners has formed a joint venture with the private equity firm Sun Capital to build a Cambria Hotel in Downtown Los Angeles. The project, which is slated for a property at James M. Wood Boulevard and Georgia Street, will consist of an 18-story tower featuring 247 guest rooms and ancillary functions, including meeting rooms, a fitness center, restaurant space and a rooftop pool. According to a statement released by Sun Capital, the proposed Cambria Hotel emerges as the Downtown market suffers from a severe shortage of hotel rooms.
One month after rumblings first emergedfor a new Cambria Hotel near L.A. Live, developer Pacific Properties Partners has officially filed plans for the project. The proposed high-rise development, slated for a 13,700-square-foot property at 926 W. James M. Wood Boulevard, would feature 247 guest rooms, ancillary functions and various food and beverage venues. Cambria, which operates under the banner of Choice Hotels International, is a limited-service brand that caters to business travelers.
The scaffolding has come down, and we can now compare South Park’s G12 development to the glossy renderings first presented by developer Sonny Astani three years ago. Located at the southeast corner of 12th Street and Grand Avenue, the project consists of a seven-story structure featuring featuring 347 residential units and 20,000 square feet of ground-floor retail space. Other noteworthy features include fitness center, courtyards, a swimming pool and underground parking for 320 vehicles.
Downtown’s high-rise boom continues to migrate outwards toward the freeway ring, as plans emerge for yet another residential tower in South Park. According to a case filing from the Los Angeles Department of City Planning, an approximatley one-acre property at 1323-1349 S. Grand Avenue could be redeveloped with a 28-story mixed-use building. The project, which would replace a nondescript commercial building, would feature 284 residential units, 6,300 square feet of retail space and parking on five above-grade levels and one subterranean level.