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The $300-million Park Fifth development is more than halfway to its 24-story peak across the street from Pershing Square in Downtown Los Angeles.

The two-building development, designed by Ankrom Moisan Architecture, which also features a podium-type seven-story building, will comprise 660 rental apartments and 14,000 square feet of ground-floor commercial uses when completed in 2019.

Plans call for open space amenities including a paseo at the northern side of the project site, as well as amenity decks in both the mid-rise and high-rise building.

MacFarlane Partners, the San Franciso-based investment firm which is building Park Fifth, is part of a team that recently won the development rights to Angels Landing, a vacant parcel of land located one block north of Pershing Square.  The development team has unveiled plans for a skyline-altering project that would include towers of 88 and 24 stories, featuring 425 apartments, 250 condominiums, a 192-key SLS hotel, a 289-key Mondrian hotel, and a mix of commercial uses and open space.

Another high-rise tower is also in the works for an L-shaped property located at 5th and Hill Streets.

Construction of Park Fifth. Image courtesy of Hunter Kerhart Architectural Photography.
Construction of Park Fifth. Image courtesy of Hunter Kerhart Architectural Photography.
Construction of Park Fifth. Image courtesy of Hunter Kerhart Architectural Photography.
Construction of Park Fifth. Image courtesy of Hunter Kerhart Architectural Photography.
Construction of Park Fifth. Image courtesy of Hunter Kerhart Architectural Photography.
Rendering of Park Fifth by Ankrom Moisan Architecture

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Small Lot Saturday: Eight Houses in Eagle Rock

The project would replace three existing homes.
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Irvine-based developer Calcagnie Group has plans for another small lot subdivision in Northeast Los Angeles, this time on the border between Eagle Rock and Highland Park.

The latest project, located at 6845-6855 N. Figueroa Street, would replace three existing houses with eight new residences.