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The Real Deal Los Angeles

2222 Figueroa would grow lofts into twin resi towers

Project between University Park and South Park calls for 1,063 units, including 645 condos

October 03, 2016 02:19PM

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The lofts at 2222 South Figueroa Street (Credit: Realtor)

The lofts at 2222 South Figueroa Street (Credit: Realtor)

UPDATED, 12:00 p.m., Oct. 26: The Texere Plaza Lofts near USC may get a lift — literally.

A new project filed with city planning Friday calls for two residential towers on the block bound by Figueroa, 22nd, Flower and 23rd Streets. They would be built above the existing lofts at 2222 South Figueroa Street, according to planning documents. 

The development would include 1,063 residential units, including 645 condos, 364 market-rate apartments and 54 units reserved for very low-income households, Urbanize first reported. The project features a sand volleyball court.

The owner of the multi-acre property, which sits between South Park and University Park, is developer Daryoush Dayan, who’s also working on a 160-unit adaptive reuse project at 813 East Fifth Street.

Located right next to the Expo Line, the project, dubbed 2222 Figueroa, would have 20,000 square feet of ground floor retail space as well. Designed by California-based TCA Architects, the project fits into the transit-oriented development trend, as it sits near the LATTC/Ortho Institute Expo line station.

Just a few blocks away, physician and real estate aficionado Ara Tavitian is planning the $1 billion SoLa Village/the Reef project that would bring 528 apartments, 895 condominiums, multiple hotels and 28,000 square feet of restaurants to South L.A. [Urbanize]Cathaleen Chen

An earlier version of this story claimed TCA Architects was based in New York. 

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