Site preparation is now underway for Perla, a mixed-use high-rise development at the corner of 4th Street and Broadway in Downtown Los Angeles.

The project, which is being developed by Shanghai Construction Group America, would consist of a 34-story building featuring 450 residential units above a podium structure featuring parking and 7,000 square feet of ground-floor retail space.

CallisonRTKL is designing the building, which would feature setbacks above its 12th level in accordance with the Broadway Design Overlay.

The property - formerly the site of a small commercial building - was originally entitled by prominent Spring Street landowner Izek Shomof.  SCG purchased the 4th and Broadway site in 2015.

Past reports have pointed to an approximately four-year construction timeline, which would place completion sometime in 2021.

An official groundbreaking ceremony will be held next month at the project site.

Image via SCG America

Proposed Apartment Building Near Van Nuys Boulevard Faces Appeal

The proposed development calls for a four-story building with 27 residential units.

This week, the Los Angeles City Planning Commission is scheduled to consider an appeal of a proposed multifamily residential development near the Van Nuys Civic Center.