Forest City planning 27-story residential tower in South Park

Building to include 236 units across from Grand Hope Park

Dec.December 28, 2017 04:15 PM
Renderings of 949 S. Hope Street (Solomon Cordwell Buenz)

Forest City Realty Trust is planning a glassy 27-story residential tower across from Grand Hope Park in South Park.

The developer will bring plans for the tower at 949 South Hope Street to the Downtown Los Angeles Neighborhood Council’s Planning and Use Committee in January, according to Curbed. The project calls for 236 market-rate units, although it’s not clear if those units will be rentals or condos.

The tower would sit above a 17-foot podium that is topped with amenities space, while also including street-level retail and restaurant space. Amenities include a swimming pool, spa, fitness center, barbecue area and a roofdeck. The architect is Solomon Cordwell Buenz.

The site is a stone’s throw from CIM Group’s 34-story residential tower at 888 South Hope Street, which the developer plans to open in 2018. CIM Group said in September that it had spent $800 million on seven projects in South Park.

Developers are bullish on South Park. Trumark Urban has sold units for as much as $4 million at its Ten50 tower just a few blocks from Forest City’s proposed tower. City Century tweaked plans for its three-tower Olympia development to include a 1,000-key hotel in October. [Curbed] — Dennis Lynch

Related Articles

Malibu Real Estate Investments principals Bedros Oruncakiel and Kirkor Suri

Malibu spec mansion lists amid softening luxury market

Chandler Parsons and his property on Stone Canyon Road (Credit: Getty Images)

Durant wants out of Malibu, and now Chandler Parsons is listing his Bel Air mansion

CoreLogic's Andrew LePage and Orange County (Credit: Wikipedia)

SoCal housing market shows signs of life, with a caveat: report

Bridge Housing CEO Cynthia Parker and a rendering of the view from Walnut and Anaheim (Credit: SVA Architects)

Fully affordable complex set to rise in vacant Long Beach lot

Tracy Tutor and her Brentwood home

Tracy Tutor of “Million Dollar Listing ” asking a lot more for Brentwood home

Anton Lessine and 321 South Bristol Avenue, and Behati Prinsloo and Adam Levine with their home (Credit: Getty Images and Zillow)

This week in celeb real estate: Adam Levine unloads $45M home, a Hollywood film producer sells in Brentwood…and more

Anton Lessine and 321 South Bristol Avenue (Credit: Getty Images)

Hollywood producer Anton Lessine sells Brentwood Park mansion for $17M

Andy Reid, the President of MetroStudy

The great SoCal slowdown: Homebuilding drops 18%