It looks like Chinese developers are going for a hat trick in South Park.
Just one week after construction officially commenced on the long awaited Fig Central complex, Shenzen Hazens Real Estate Group has filed plans to redevelop a property directly across the street 1020 South Figueroa Street. According to a case filing from the Los Angeles Department of City Planning, the approximately 2.56-acre site between Olympic Boulevard and 11th Street is to become a mixed-use complex consisting of 650 condominiums, a 250-room hotel and 80,000 square feet of retail and restaurant space.
Proposed building heights and a timeline for the development are currently unclear. The property is currently occupied by the Luxe City Center Hotel, a mid-rise building completed in 1964. Last summer, Luxe Hotels to a five-year contract with Shenzen Hazens to continue as operator of the 178-room establishment.
The project is one of several large South Park developments which plan a mixture of residential, hotel and retail uses, including the sprawling Metropolis and Fig Central complexes. On the opposite side of Olympic Boulevard, a third project is slated to replace the longstanding Downtown Car Wash.
- CPC-2015-1160-DA (LADCP)