Brookfield plans 64-story resi tower in Financial District
Brookfield Properties, one of the largest office landlords in Downtown Los Angeles, is trying its hand at residential, too.
The company filed plans to build a 64-story residential tower on W. Eighth Street, right next to the FIGat7th shopping center in the Financial District
The complex would comprise 781 condo units as well as ground-floor commercial space, according to Curbed.
Brookfield acquired the parcel of land as part of its $50 million deal to buy MPG Office Trust in 2013.
The project has been a long time coming: It’s part of a master-planned development that dates back 35 years, components of which also include FIGat7th and the Ernst & Young office towers, both of which were completed by the early 1990s.
Brookfield tapped Marmol Radziner and Large Architecture to design the tower. Renderings show a slim glass structure with outdoor space on nearly every level.
Earlier this month, Brookfield acquired a controlling stake in California Market Center for about $440 million and plans to renovate the apparel showroom by adding creative office space. [Urbanize] — Cathaleen Chen