After a year’s break, a new high-rise residential tower is pushing dirt at 732 South Figueroa Street in Downtown Los Angeles. The project proposal includes the development of a 42-story high apartment tower, replacing a surface parking lot on the site. Johnson Fain is responsible for the design concepts. Real estate company Mitsui Fudosan America is the project developer.
Downtown Los Angeles
Los Angeles’ regional bioscience industry might get a boost as n office complex will soon be converted into a life sciences campus at 123 Figueroa Street in Downtown, Los Angeles. The project proposal includes the redevelopment of an office complex built in the 1980s into a campus dedicated to life sciences and research. BEP Helix, a company run by local biotech investor Ben Pouladian, is reportedly purchasing the leasehold interest in Park Downtown Los Angeles (Park DTLA). The land itself is owned by CRA/LA, and leased to Bunker Hill Park Ltd. under a deal which is scheduled to expire in 2077.
Barclay Hotel, one of the oldest hotels in Los Angeles, is undergoing an adaptive revamp at 103 West 4th Street in Downtown, Los Angeles. The project proposal includes the renovation of the existing hotel building to offer residential units reserved at affordable rates. Healthy Housing Foundation, a subsidiary of AIDS Healthcare Foundation (AHF) is the new owner, planning to retain the building as low-income housing. The Barclay, designed by Morgan and Walls, was completed in 1897.
Construction is coming to a close for a residential project located at 1100 Temple Street in downtown Los Angeles. The project proposal includes the development of an eight-story multi-family residential complex, replacing a restaurant and auto body shop on the site. LaTerra Development is the project developer. Urban Architecture Lab is responsible for the design concepts.
New York-based venture capital firm Greycroft Partners is planning on getting a new home in Downtown’s Arts District located at 821 Traction Avenue in Los Angeles. Greycroft has been located out of the neighborhood since…