The Los Angeles City Planning Commission approved a mixed-use project at 1020 South Figueroa Street, across from L.A. Live.
Chinese developer Shenzhen Hazens plans on tearing down the existing Luxe City Center Hotel and replacing it with a residential tower and a separate tower for a W Hotel, Curbed reported.
Steinberg Architects is designing the taller tower, set to rise 49 stories and house 435 units. Gensler is designing the other structure—a 29-story, 300-key hotel operated by W Hotels.
An additional 59,000 square feet of commercial space for shops, bars and restaurants, as well as 738 parking spaces will be included in the site.
The project still needs approval from the city council’s Planning and Land Use Management Committee.
If approved, it will join the many other projects under construction in the Figueroa Corridor, including Metropolis and Oceanwide Plaza.
Real estate developer Shenzhen Hazens recently completed another hotel project in San Gabriel at 303 E. Valley Boulevard. It has approximately 13 other projects in China, according to its website. [Curbed] – Natalie Hoberman