The project, which would rise from a surface parking lot at the northwest corner of 4th and Spring Streets, calls for the construction of an 11-story, approximately 131-foot tall building featuring 315 guest rooms, ancillary uses and 2,000 square feet of meeting space. Parking for 81 vehicles would be provided within an on-site garage, with additional accommodations in an existing 10-story structure adjacent to the property.
HLW International is designing the proposed mid-rise building, which would feature a grid-like window pattern and an exterior of concrete and anodized aluminum panels. Renderings also show murals on all sides of the building.
City records list the project applicant as a limited liability company OSIB LA Downtown Properties, which is linked to the landlord Downtown Properties. The underlying parking lot is controlled by L&R Group.
Construction is in full swing at several properties located just south across 4th Street, including a 34-story tower on Broadway, the rehabilitation of the historic Title Insurance Building, and a hotel conversion on Spring Street.