Three years after bursting on the scene with plans for a high-rise development near Staples Center, the local subsidiary of a Chinese real estate firm filed plans for the project in South Park.
Earlier today, City Century submitted an application to the L.A. Department of City Planning for the construction of a 40-story building at 1201 S. Grand Avenue that would feature up to 312 residential units, 7,100 square feet of ground-floor retail uses, and a parking garage. Requested entitlements include a transfer of floor area, as well as a slight reduction in the amount of required open space.
The development site at the southwest corner of 12th Street and Grand Avenue is currently improved with a 1930s warehouse and a small surface parking lot.
City Century, an affiliate of Shenglong Group, announced its $26-million purchase of the subject property in February 2015, and shortly thereafter unveiled plans for a 37-story condo tower on the site. The company has successfully entitled a nearby parking lot for the construction of a 24-story apartment building, and is seeking city approvals for a three-tower project adjacent to L.A. Live.
The planned high-rise structure on Grand Avenue joins a string of new developments in the South Park neighborhood, highlighted by a 37-story residential-retail tower now rising north across 12th Street. East across Grand, a pair of mid-rise apartment buildings were recently completed on former surface parking lots.
Other proposals in the near vicinity include a potential 16-story hotel at 12th and Olive Streets, and four towers of 50 or more stories in height slated for 11th Street between Grand and Hill Street.
This post previously referred to the project as a 10-story building, based on a case filing that has since been updated.
- South Park Archive (Urbanize LA)