In a recent presentation to the Downtown Los Angeles Neighborhood Council's Planning and Land Use Committee, developer Equity Residential revealed new information about their upcoming high-rise project near Grand Central Market.

The proposed development, located at the northeast corner of 4th and Hill Streets, would consist of a 33-story building featuring 320 market rate apartments, 22 very low-income units, 86 workforce housing units and 2,900 square feet of ground-floor commercial space.  The high-rise tower would sit directly above an entrance to the busy Pershing Square subway station, served by Metro's Red and Purple Lines.

The project would offer a mixture of studio, one- and two-bedroom apartments, ranging from 407 square feet to 1,326 square feet in size.  Each unit would be provided with just one dedicated parking space, to be located in eight podium floors and two subterranean levels.  Much of the above-grade garage space would be obscured from view by residential units wrapped along the tower's perimeter.  A total of 472 bicycle parking spaces would also be provided within the development.

Designs for the project come from TCA Architects, a Downtown-based firm which has worked on numerous projects in South Park and Little Tokyo.  Elevation plans for the 405-foot tall tower indicate that the building would be clad primarily with glass, capped by a glowing rooftop beacon.

Plans call for a full battery of residential amenities, including a fitness center, an outdoor swimming pool and amenity decks on the ninth and roof levels.

Construction of the tower at 4th and Hill Streets is anticipated to begin in early 2016, contingent on multiple discretionary approvals by the City of Los Angeles.

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Small Lot Saturday: Eight Houses in Eagle Rock

The project would replace three existing homes.

Irvine-based developer Calcagnie Group has plans for another small lot subdivision in Northeast Los Angeles, this time on the border between Eagle Rock and Highland Park.

The latest project, located at 6845-6855 N. Figueroa Street, would replace three existing houses with eight new residences.