One year ago, the MLS expansion team LAFC announced a proposal for a $250-million soccer stadium in Exposition Park. Several months later, the University of Southern California followed with plans for a $270-million renovation of the Los Angeles Memorial Coliseum.
With more than a half-billion dollars worth of projects now in the pipeline, it appears that investors are now eyeing nearby properties
Last week, the Irvine-based Spectrum Group requested an environmental assessment from the City of Los Angeles for a proposed mixed-use develompent directly across the street from the upcoming soccer stadium. The project, slated for a 3.26-acre site at 3900 S. Figueroa Street, would include an unspecified quantity of hotel rooms and and mixed-income student housing. The Spectrum Group website portrays "The Fig," as a six-story podium-style building featuring multiple outdoor decks.
The proposed development would replace a surface parking lot along Figueroa Street and displace a collection of 1920s apartment buildings which abut the Harbor Freeway.
Further details about the project are currently unavailable.
- ENV-2016-1891-EAF (LADCP)