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Yesterday, FMB Development held an official groundbreaking ceremony for a new mixed-use complex near the L.A. Live complex in South Park.

The property, located at 1317 S. Hope Street, will yield a seven-story building featuring 38 apartments - including six units of very low income housing - above 4,000 square feet of ground-floor retail space.  Plans call for studio and one-bedroom units, as well as two penthouse apartments, complemented by amenities such as a rooftop deck.

DE Architects designed the contemporary podium-type building, which renderings portray in a contemporary style.

Jade Enterprises is already in the midst of construction on the Onyx apartments across the street.

Image via FMB Development
Image via FMB Development
Image via FMB Development
Image via FMB Development
Image via FMB Development
Image via FMB Development
Image via FMB Development

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Proposed 77-Story Tower Would Be L.A.'s Tallest Building

Chinese developer plans the tallest building West of the Mississippi River.
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Last year, the Wilshire Grand claimed the title of the West Coast's tallest building, with a slender spire that peaks 1,100 feet above Downtown Los Angeles.  But a newly proposed tower just up the street seems to be gunning for its crown at the highest tower west of the Mississippi River.

Last week, Chinese developer Shenzhen New World Group filed plans with the City of Los Angeles to redevelop the 1980s L.A. Grand Hotel Downtown at 333 S.