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When San Francisco-based MacFarlane Partners announced their intent to purchase the former Park Fifth site, they indicated that their plans halved the square footage of the original proposal.  Now we actually get a look at what they have in mind, via a presentation to the DLANC.  Once intended to give rise to skyline altering towers of 76 and 43 stories, the surface parking lot across from Pershing Square will instead birth a 24-story residential tower and a low-rise apartment building.  The Harley Ellis Deveraux designed complex, dubbed "5-OH," would create a cumulative 615 residential units and 17,000 square feet of street level retail.  The 300-unit residential tower, standing 241 feet tall, would be clad in aluminum, sandstone, and cement panels.  Both buildings would sit above a semi-subterranean parking garage, with room for 657 automobiles and 624 bicycles.  Similar to South Park's 801 Olive Street, 5-OH would offer rooftop amenities including a clubhouse, an outdoor pool, a landscaped courtyard, and barbeque pits.  The project's 315-unit low-rise structure would offer similar rooftop facilities, with residential access via a private paseo between Hill and Olive Streets.  Of course, this all seems a bit underwhelming when considering what could have been.  The original Kohn Pedersen Fox project would have created Los Angeles' third tallest building, with a design that flawlessly integrated itself with the adjacent Title Guarantee Building.  Alas, like so many proposed developments from before the real estate bubble, it was not meant to be.