Okay, so we all know now that Downtown LA is in the midst of another impressive building boom with at least a half dozen high-rises under construction including the ginormous 73-floor Wilshire Grand Tower slated for completion in early 2017 (the West Coast’s tallest new tower in the making). Out of the half dozen, another one of those exciting new high-rises under construction is the 22-story apartment tower rising at the southwest corner of 8th and Hope on the northern edge of South Park (right across from the future Macy’s Plaza $160 million makeover). National development company, Wood Partners, is developing the residential high-rise project.
Currently, the residential tower is about half-way complete working on the 13th floor (out of 22 floors total). A row of new windows have been added to the second residential floor on the 7th floor just above the parking podium.
When it’s completed in mid-to-late 2014, 290 apartments for rent with another 5,000 square feet of ground floor retail space will be added to the corner, helping to activate this desolate intersection.
Wood Partners is currently looking for a high quality tenant like Dean & Deluca to take over the ground floor space, which could be very complementary to the Whole Foods being built only a block away.
The residential tower is still nameless even though most people (about 1/3) seem to prefer the name “Glass House Los Angeles” according to a DTLA Rising survey completed last year.