A camera perched atop the Millennium Biltmore Hotel provides live updates on the construction of Park Fifth, MacFarlane Partners' $300-million mixed-use complex near Pershing Square in Downtown Los Angeles.
Located on a property that fronts 5th, Olive and Hill Streets, the project consists of a high-rise tower and podium-type building that will feature a combined 660 apartments and nearby 14,000 square feet of ground-floor commercial space. Portland-based Ankrom Moisan Architects is designing both components of the development.
Suffolk Construction broke ground on the 24-story tower at the beginning of March, while Bernards Bros. Inc. began work on the adjacent seven-story building in August 2016.
A full buildout of Park Fifth is expected in February 2019.