downtown los angeles

Wood Partner’s 22-Story “iHope” Tower Files for City Permits in Downtown LA

An older rendering of the 22-story iHope tower proposed for South Park (Photo: CIM Group)

Thanks to reader Patrick Z for pointing out that one of Downtown LA’s long-stalled mixed-use projects at 8th and Hope St in South Park may be getting some new legs soon. LA city permits were filed late last year (12/15/11) with the Dept of Building and Safety for a new, ground-up “22-STORY TYPE I-FR MIXED USED BUILDING OVER 2 LEVEL BASEMENT: 290-UNIT APARTMENT [5TH – 22ND FLOOR], PARKING GARAGE [B1-B2, 1ST-4TH FLOOR], AND RETAIL/OFFICE [1ST FLOOR].”

Originally proposed back in 2006 by developer CIM Group, the project was dubbed “iHope” that would connect seamlessly into the multi-phase¬†$247 million South Village project, which includes the historic Gas Company Lofts and (Ralphs) Market Lofts. The SW parcel at 8th and Hope (currently a surface parking lot) was purchased by developer Wood Partners back in 2008. (Calls and emails to Wood Partners confirming when ground breaking would be were not returned.) Now as the economy slowly recovers, we are starting to see a variety of new projects break ground in Downtown LA, showing a renewed confidence by developers and investors.

This project when completed will be a significant presence and help connect South Park with the Financial District to the north as it pertains to urban aesthetics and pedestrian connectivity. The ground floor will have retail, which will help activate a very barren intersection currently devoid of any retail space whatsoever. This project will hopefully be catalytic enough to spark a renewed interest in rethinking the bunker-like Macy’s Plaza across the street.

The 8th and Hope intersection as it looks like today with a barren surface parking lot

Another older rendering of iHope giving us an idea what may be built here (Photo: CIM Group)

8 Comments

  1. Steve Gerdes says

    What about the people who live in the “Historic Gas Co.” Lofts? What will this look like to them out of their N. side windows?

    • David says

      I guess that all depends on what the final design looks like. There is no alley to separate the buildings at that location so if they use that space for a building common area it might end up looking a lot like the buildings at 11th between Hope and Grand. But I think you have to assume the folks with windows that look east are going to see the apartments across from them. (The folks on the north already look at the blank wall of the Macy’s Plaza garage.)

  2. Louie Cuevas says

    Awesome, Gary ! Can you imagine if we had to worry about blocking other people`s views all the time?

  3. raymond3000 says

    Sooo cool to see this proposal possibly brought back to reality, now hopefully we can see the Park tower, Park fifth, Zen tower & LA central proposals then dtla will officially be back in boom status!

  4. Chris says

    Very excited about this. First news about astani’s 8th and grand project and now this on 8th and hope? Those will be some good residential additions to add to the sky lofts

  5. Lawrence says

    If you live in downtown next to a surface parking lot, you are not guaranteed a view of any sort. Simple as that. Downtown is a developing neighborhood with lots of surface parking that will eventually be developed. If you’re looking to be guaranteed a view, you’re living in the wrong neighborhood.

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