The Los Angeles Planning Commission has approved Mitsui Fudosan America's plan to build a retro-style 50-story apartment tower in Downtown Los Angeles.

The project—to be known as Park Terrace at 8th Grand & Hope (it's located on north side of 8th Street between Grand Avenue and Hope Street)—will feature architectural elements intended to evoke L.A.'s Mid-Century modern homes.

The building envelope of the 562K SF Gensler-designed tower will incrementally shift its mass back from Hope Street as it rises, receding in a series of terraced amenity decks will fairly large trees on them, giving the tower a unique profile that will be sheathed in glass, concrete, aluminum and stone, according to a report in Urbanize LA.

Want to continue reading?
Become a Free ALM Digital Reader.

Once you are an ALM Digital Member, you’ll receive:

  • Breaking commercial real estate news and analysis, on-site and via our newsletters and custom alerts
  • Educational webcasts, white papers, and ebooks from industry thought leaders
  • Critical coverage of the property casualty insurance and financial advisory markets on our other ALM sites, PropertyCasualty360 and ThinkAdvisor
NOT FOR REPRINT

© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.