Developer Mitsui Fudosan inches closer to breaking ground on 39-story DTLA tower

Residential tower called the 8th, Hope and Grand Project

Rendering of 8th, Grand and Hope project (City of LA Department of City Planning)
Rendering of 8th, Grand and Hope project (City of LA Department of City Planning)

Construction could start by the spring of 2019 on developer Mitsui Fudosan America Inc.’s residential tower, now dubbed the 8th, Hope and Grand Project, — not to be confused with Carmel Partners’ Eighth & Grand building, directly across the street.

Mitsui Fudosan filed an initial study on Tuesday with the city’s planning department for its 39-story tower in Downtown Los Angeles.

If approved, the project is expected to be completed by 2021, Urbanize reported.

It would replace an existing parking structure and adjoining surface lot between Hope and Grand, along Eight Street.

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The Johnson Fain-designed tower would have 409 studio, one- and two-bedroom residential units with 7,300 square feet of ground-floor retail space. There will also be six levels of parking, totaling 450 parking spaces.

Mitsui Fudosan is also planning to construct another high-rise at Eighth and Figueroa Street, across the street from the FIGat7th Shops.

The 43-story, residential tower is expected to hold 436 residential units and feature 10,000 square feet of retail and restaurant space. [Urbanize] — Subrina Hudson