Developer Plans 70-Story Tower in South Park | Development
With the Wilshire Grand Center open and a 66- story tower recently proposed for Ninth and Figueroa streets, the sky-high action in Downtown Los Angeles continues : Developer Crescent Heights has unveiled plans and renderings for a 70- story South Park building that would have 794 apartments. [Get DTLA stories in our daily email newsletter .] The Miami- based developer is planning the project for the northwest corner of 11th and Olive streets. There would be 12,500 square feet of ground- floor commercial space . A 66-Story Tower at Ninth and Fig? Crescent Heights was drawn to South Park by the neighborhood’s walkability and proximity to the sports and entertainment hub L.A. Live, according to Jerold Neuman, a partner with Liner LLP, which is representing the developer. Crescent Heights purchased the site, which currently houses six one- story commercial buildings , in 2015 for $11.5 million. This would be the company’s first project in Downtown. The budget is estimated at $300 mi...