The construction of the towering Wilshire Grand captured the attention of Los Angeles as perhaps no high-rise development has ever done before.  It may have set the stage for another iconic project for the City's resurgent Downtown, as a $1.2-billion project from the Peebles Corporation, MacFarlane Partners, and Claridge properties barrels forward.

Last month, a joint venture between the three companies was awarded the development rights to Angels Landing, a coveted 2.24-acre property at the intersection of 4th and Hill Streets.  The site, originally slated for the third tower of the California Plaza complex, is the last remaining piece of the ambitious Bunker Hill redevelopment plan.

Peebles, MacFarlane, and Claridge beat out competing proposals from Lowe Enterprises and Onni Group with plans for two mixed-use towers - a soaring 88-story landmark and a more modest 24-story structure.  A full buildout of their project would include 425 apartments, 250 condominiums, a 192-key SLS hotel, a 289-key Mondrian hotel, nearly 45,000 square feet of restaurant space, an elementary charter school, a food hall and nearly 50,000 square feet of publicly accessible open space.

The development team has tapped Handel Architects to design the soaring glass structure, with accompanying landscape and open spaces designed by Olin.  The larger 88-story tower will rise to a peak height of 960 feet above street level, per a project representative.  It has been billed as a bookend to the Downtown skyline.  The smaller 24-story building would peak at 265 feet above street level.

Construction of the full project is expected to occur over 41 months, with completion anticipated in late 2024.

Image courtesy of Handel Architects
Image courtesy of Handel Architects
Image courtesy of Handel Architects

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Mixed-Use Development Planned Near Laguna Niguel Metrolink Station

The project is part of the city's Gateway District.

The Laguna Niguel Planning Commission has approved a mixed-use development near the city's Metrolink Station.  The joint venture between Blackwood Real Estate and Walbern, located near the intersection of Crown Valley Parkway and Forbes Road, will consist of 100 two- and three-bedroom apartments in a seven-story building.  Plans also call for 2,700 square feet of ground-floor retail space, as well as a pool courtyard, a fitness center, a private garden, and a sky deck.