Mitsui Fudosan America's next Financial District tower could break ground by Spring 2019, per an initial study published earlier today by the City of Los Angelse.

The "Eighth, Hope & Grand Project," as the development is tentatively known, would replace structured and surface parking, with a 39-story tower featuring 409 studio, one- and two-bedroom dwellings atop approximately 7,300 square feet of ground-floor retail space.

Minor changes has evolved from the design first presented earlier this year, which comes from the Downtown-based firm Johnson Fain.  The tower has grown from a maximum height of 467 feet to a taller 499-foot structure.  An attached parking garage, which would be situated in three above-grade and three below-grade levels, now calls for 494 vehicle stalls, instead of the 433 seen in the original submission.

A conceptual rendering portrays a contemporary high-rise building, clad with concrete, metal and glass.

Completion of the tower is anticipated in Fall 2021.

MFA is also behind plans for a similar mixed-use development that would replace a longtime parking lot at 8th and Figueroa Streets.  City records have pointed to a March 2018 start date for that project.

Rendering by Johnson Fain
Image via Google Maps

From the Web

100 Apartments Planned in Silver Lake

Six-story development planned south of Fountain Avenue.

A local real estate firm hopes to redevelop a series of early 20th century buildings in Silver Lake with a mid-rise apartment complex.

Last week, California Landmark Group submitted an application to the City of Los Angeles to construct a six-story building at the northwest corner of Myra Avenue and Effie Street that would feature 100 apartments through the Transit Oriente