Urbanize.la reports that newly-filed construction permits for the $290 million project call for bringing 128 condominiums, 214 market rate apartments, 86 deed-restricted affordable housing units, and 305 hotel rooms to one of the most prime sites in Downtown Los Angeles. These components will take shape across a pair of towers, one 39-stories tall and the other rising 20 levels.
The 20-story twin towers feature 200,000 square feet of retail, 128 condominiums, 214 market rate apartments and 86 affordable units. (Courtesy Gehry Partners)
The project also calls for 200,000 square feet of commercial spaces along the ground floors of the complex, which surrounds a central paseo that will bisect the site. The development’s multi-faceted towers are composed of shifting, boxy volumes that slide pass one another and grow narrower as each mass climbs higher into the sky. The paseo will be capped on the Grand Avenue side by a large public plaza.
The long-stalled Grand Avenue project in Downtown Los Angeles received an infusion of cash last year and is slated for a 2018 groundbreaking. (Courtesy Gehry Partners)
The project has been in the works for over a decade and was originally devised as the first phase of Grand Avenue’s redevelopment. The project has been delayed for so long, however, that later phases of that plan, like the Diller Scofidio + Renfro–designed Broad Museum, have already come to fruition.
The project is slated to take four years to build, with final occupation taking place sometime in 2022.