This week’s most eye-popping images included new images of Shenzhen Hazens Real Estate Group‘s $700 million proposed redevelopment of the Luxe Hotel at 1020 South Figueroa Street in Downtown Los Angeles, across from the Staples Center. In place of a smaller hotel and parking lot, the developer wants to build a 34-story, 300-key W Hotel tower; a 38-story, 360-unit residential tower; and a 32-story, 290-unit condo tower. The development, which would include 80,000 square feet of commercial space, is designed by Gensler.
The project would have four levels of parking below ground, a public plaza and a whopping 60,000-square-foot digital sign wrapped around the building. Construction is slated to begin in 2017, with completion of the first phase in 2020, and the second phase by 2023.
Images reveal the plans of an unknown developer, registered as Bay Capital Fund LLC, who swooped up a property adjacent to the Soho Warehouse site shortly after rumors began to circulate about the elite club’s Arts District outpost. Designed by Studio One Eleven, the 1.8-acre development at 2110 Bay Street will include three buildings in a campus with open spaces. One building would be a 110-unit live-work residential tower. Another would be a more than 100,000-square-foot office building with a rooftop restaurant. The third would be a “retail shed structure with a second level open-air retreat,” according to release from Studio One Eleven. Combined, they will contain more than 50,000 square feet of retail space. — Hannah Miet