LOS ANGELES-Mack Urban and AECOM Capital have submitted development plans to the city for the six acres of land the joint venture purchased late last year for $80 million. The proposed development plans include multifamily units and a hotel.

"The project design features iconic architecture centered around tall slender buildings, providing for the continued evolution of the surrounding neighborhood and investment into Downtown Los Angeles," says Paul Keller, Mack Urban CEO. The plan follows the Downtown Design Guidelines that allow for taller buildings, and includes ample green space, sidewalks and outdoor cafes, shops and restaurants. The development will be an ultimate pedestrian-friendly neighborhood.

The property is located on two adjacent sites at Grand Avenue, 12th Street and South Olive Street. The multifamily tower with ground-floor retail space and a hotel will sit on the first site, while two residential buildings with ground-floor retail space and office space will sit on the second. It is undetermined whether the residential units in this second project will be for-rent or for-sale condominiums. "We think of this potential, not as a series of buildings, but as a combination of environments that are interconnected in such a way as to create a greater and exciting neighborhood within South Park," explains David C. Martin, design principal for AC Martin Partners, the architectural firm behind the project. "By carefully choreographing the tenants' journey through ground-level open space, outdoor cafes, arcades, paseos, and secret gardens, the urban experience is elevated to one of delight and engagement."

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Kelsi Maree Borland

Kelsi Maree Borland is a freelance journalist and magazine writer based in Los Angeles, California. For more than 5 years, she has extensively reported on the commercial real estate industry, covering major deals across all commercial asset classes, investment strategy and capital markets trends, market commentary, economic trends and new technologies disrupting and revolutionizing the industry. Her work appears daily on GlobeSt.com and regularly in Real Estate Forum Magazine. As a magazine writer, she covers lifestyle and travel trends. Her work has appeared in Angeleno, Los Angeles Magazine, Travel and Leisure and more.