It’s been three months since construction first began on the parking structure that will be attached to the new and exciting 888 S Hope, a brand new 33-story residential tower about to break ground later this year in burgeoning South Park. Being developed by LA-based CIM Group, new renderings from RTKL — the architect firm designing the project — show lots of retail space on the ground floor of both the parking structure and the tower itself. As you can see in the renderings (above and below), ample retail space will face Hope Street and wrap around the tower along 9th Street bordering the upcoming boutique Empire Hotel.
The auto-oriented driveway for the parking structure is supposed to be placed on Hope Street adjacent to the tower, but with so much retail, the entire project will still act as a strong pedestrian connection between South Park and the Financial District working in concert with the Market Lofts and the brand new 8th and Hope tower across the street. The parking structure is scheduled for completion in summer 2015 and the tower is slated to break ground this fall 2014 (possibly in late September) finishing up in 2016.
Something to keep in mind: Before the downtown renaissance began, this entire block on Hope Street was pretty much made up entirely of surface parking lots, which obviously meant the area was desolate and devoid of life. Today, the block is shaping up nicely and within the next couple of years when 888 S Hope is completed, we can say this block has finally “arrived.”