The fortress-like Bank of America data center that for decades loomed over the four-level interchange is gone, as infamous developer Geoff Palmer continues with the construction of the immense mixed-use complex known as Ferrante.
The 10-acre project site at 1000 W. Temple Street, has been cleared of all existing buildings, and now exists as a muddy lake of rainwater. But Lake Ferrante will be a temporary state of affairs. From the muddy pit, Palmer will construct a sprawling seven-story complex containing more than 1,500 rental apartments atop 30,000 square feet of street-fronting retail space and parking for over 2,600 vehicles.
Ferrante, which is Palmer's largest Downtown development to date, follows in the vein of other projects in his Renaissance collection - a series of podium-type apartment complexes with Italian-inspired names and architecture. Directly across the Harbor Freeway, Palmer completed a similar development - the Da Vinci - in 2017, though construction of that project was delayed by an act of arson that lit up the night sky.
More recently, Palmer wrapped up work on Broadway Palace, a two-building apartment complex across the street from the popular Ace Hotel. Broadway Palace, with with a faux-brick exterior inspired by adjacent historic structures dating to the early 20th century, was a departure from Palmer's ubiquitous developments that line the freeways along Downtown's perimeter.
The Ferrante project may soon be joined by a smaller eight-story, 53-unit apartment building planned by LaTerra Development at the opposite corner of Temple Street and Beaudry Avenue.
- Ferrante Archive (Urbanize LA)