Rumors of another residential tower in the Westlake neighborhood have become reality.

Last year, an approximately one-acre site at 1247 W. 7th Street sold for $19 million to an American subsidiary of the Lifan Group, a major Chinese manufacturer of automobiles and motorcycles.  Earlier today, the company filed plans to construct a mixed-use development on the property, consisting of 304 residential units above 5,700 square feet of ground-floor retail space and a parking garage.

The applicant has requested a density bonus in exchange for setting aside 34 units as affordable housing.

A rendering of the project, which surfaced in February 2016, portray and approximately 28-story glass-clad tower with rooftop and podium-level amenity decks featuring landscaping, swimming pools and outdoor seating.  The logo of American General Design (AGD), a Pasadena-based architecture firm, is displayed on the rendering.

One block east, AGD has designed a similar project at the corner of 7th Street and Lucas Avenue.

An additional tower from Orange County-based REALM Group is proposed at the corner of Bixel and Ingraham Streets.

Rendering of the proposed Lifan Tower via Vimeo
1247 W. 7th Street (Image: Google Maps)
Project site and surroundings (Image: Google Maps)

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This Week in Leases - June 23, 2018

Two advertising studios make moves in DTLA and Park Mile.

ROW DTLA, located at the border of the Arts District and Industrial District in Downtown Los Angeles, has announced that creative advertising studio WC+A has signed a lease for 12,000 square feet of office space at the complex.