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The Real Deal Los Angeles

Brookfield plans 64-story resi tower in Financial District

The complex would comprise 781 units as well as ground-floor commercial space
June 26, 2017 09:30AM

Rendering of the project at 945 W. 8th Street (Credit: Brookfield via Urbanize)

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