Developer of Metropolitan Water District site to file plans for megaproject

1111 Sunset will include two residential towers, one up to 49 stories

Los Angeles /
Jan.January 11, 2018 10:15 AM
A rendering of the 1111 Sunset (credit: Skidmore, Owings & Merrill)

A $600 million mixed-use project north of Downtown is inching closer to reality.

Palisades Capital Partners is expected to file an application with city officials for its $600 million, mixed-use complex at 1111 West Sunset Boulevard in Echo Park on Thursday, according to the Los Angeles Times. The property would rise on 5.5 acres at the former headquarters of the Metropolitan Water District on Sunset Boulevard near the interchange of Route 101 and 110.

The developer tapped Skidmore, Owings & Merrill in October for the nearly 1 million-square-foot development. The main components are two residential towers of up to 31 and 49 stories with a combination of a total of 778 apartments and condos, including 76 set aside for low-income tenants. Japanese architect Kengo Kuma is set to design a 17-story, 98-key hotel.

There will also be “low-rise bungalow residences,” retail and offices on the site. James Corner Field Operations, known for the High Line park in New York City, is designing two acres of public space that will include terraces, gardens and courtyards, according to Palisades.

The site is a hill that drops nearly 60 feet from its highest point to its lowest on Sunset Boulevard. The new development will incorporate parts of that hill. Its towers will be a distinctive landmark in the largely low-rise neighborhood, set far from the high-rises Downtown.

The Metropolitan Water District moved out of the complex in 1993 and has been sparsely occupied since, according to the Times. Palisades nabbed the property in 2015 during the bankruptcy proceedings of the former owner, Holy Hill Community Church. [LAT] — Dennis Lynch


Related Articles

arrow_forward_ios
Deborah La Franchi and render of 10400 S. San Pedro (Tim Berger c/o SDS Capital, Getty)
Private equity takes on the supporting housing sector
Private equity takes on the supporting housing sector
Cypress Equity Investments' Michael Sorochinsky and 2225 Sunset Boulevard (Cypress Equity Investments, Ottinger Architects)
Cypress Equity to build 176 apartments in Echo Park
Cypress Equity to build 176 apartments in Echo Park
Habitat for Humanity OC president Monique Davis and 1921 West Washington Avenue (Habitat for Humanity, Google Maps)
Habitat for Humanity to build duplexes in Santa Ana
Habitat for Humanity to build duplexes in Santa Ana
From left: Lexington Apartments, 1221 Ocean, Thea at Metropolis, and Vue Los Feliz
$500M sale tops list of LA multifamily deals in 2022
$500M sale tops list of LA multifamily deals in 2022
Beach City Capital's Jason Muller with rendering of 12763 Mitchell Avenue (Beach City Capital)
Beach City Capital to start work on Mar Vista apartments
Beach City Capital to start work on Mar Vista apartments
Skanska USA's Clare De Briere and renderings of the project at 8633 Wilshire Boulevard in Beverly Hills (LinkedIn, Skidmore, Owings & Merrill)
Skanska USA redesigns office building in Beverly Hills
Skanska USA redesigns office building in Beverly Hills
(Photo Illustration by Steven Dilakian for The Real Deal with Getty)
California’s growth proposition called into question again
California’s growth proposition called into question again
Arman Gabaee (Daily Breeze)
Developer Arman Gabaee gets 4 years in prison for ‘systemic corruption’
Developer Arman Gabaee gets 4 years in prison for ‘systemic corruption’
arrow_forward_ios

The Deal's newsletters give you the latest scoops, fresh headlines, marketing data, and things to know within the industry.

Loading...