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