Almost two years after developer Wood Partners first began construction, the new 8th+Hope apartment tower began accepting resident move-ins earlier this month in August. Designed by Atlanta-based The Preston Partnership, the modern gleaming tower clad throughout in blue-green glass rises 22 stories high and adds another 290 rental units to the market including: 1, 2, and 2½ bedrooms with square footages ranging from 707 to 1,634. Every single unit gets a private balcony. Impressive.
With pretty much all residential properties in Downtown LA at near-full occupancy, that bodes well for filling in 8th+Hope as demand for living downtown remains strong. At 290 units, that translates to another 400+ residents that will be added to our growing population downtown, which will help activate the street below with increased foot traffic from more full time residents (and their friends and family who come visit them). This in turn, will continue to help drive the momentum to attract more businesses and residents to move downtown.
8th+Hope will offer residents all the amenities you’d come to expect from a full service luxury apartment tower. The building comes equipped with a gym that includes weights and cardio machines, outdoor pool with cabanas and bbq grills, a resident lounge with a bar and screening room, and a rooftop retreat that includes more places to lounge (surrounded by the beautiful Downtown LA skyline) and even a dog run as well, which could help reduce pet waste on our sidewalks down below on the street level. And speaking of the ground floor, the building’s lobby also includes another lounge with plenty of seating that will offer WiFi and also double as an art gallery exhibition space to be programmed regularly called “The Ground Floor Project.” Their first show will launch on Sept 5, 2014 with artist Bettina Hubby’s interactive installation.
8th+Hope plays a very significant role in the revitalization of Downtown LA. Not only is it one of the best designed new residential towers with a fully concealed parking podium that blends in almost seamlessly with the tower itself (instead of sticking out like a sore thumb like some projects in downtown that will remain nameless for now), but it also helps to stitch together South Park with the Financial District along Hope Street from both an aesthetic and pedestrian level. With 5,000 square feet of retail below that will eventually be filled in with, likely, a new restaurant, 8th+Hope will help activate this once desolate corner with new energy and life.
For floor plans and pricing, check out 8th+Hope online.
All photos below courtesy of 8th+Hope via GoToMyApartment.com
A two bedroom model