Barry Shy’s plan for DTLA residential towers is back on track

The 2 projects, which courted controversy, will have a combined 691 units

TRD LOS ANGELES /
Feb.February 23, 2018 12:30 PM
Rendering of the tower at 601 S. Main Street and Barry Shy (Credit: Loopnet, Getty)

The City Planning Commission has approved two residential towers that Barry Shy wants to build in Downtown Los Angeles, marking a major step forward for the four-year-old project that has stirred controversy. Both projects still require approval from City Council.

Commissioners voted unanimously in favor of SB Omega, a 38-story, 452-unit mixed-use residential project planned for 601 S. Main Street. The project includes roughly 21,500 square feet of retail space.

The panel also greenlit Shy’s 32-story, 239-unit development at 920 South Hill. That’s slated to include roughly 5,700 square feet of retail with 295 parking spaces. CoStar first reported on the approvals.

Both plans were proposed in 2014.

Shy was forced to return to the drawing board in December, after residents and the city expressed concerns about the project’s limited parking and overall design. Architect David Takacs is designing both projects. As part of an agreement that was forged, 20 percent of parking spaces will now have electric vehicle chargers.

The approval came just eight months after Shy listed the 1-acre property on Main Street for sale for a cool $100 million.

Just last year, the Planning Commission approved another one of Shy’s projects, dubbed Broadway Lofts. The 15-story building would include 163 condominiums, retail shops and parking for 202 vehicles. [CoStar] — Natalie Hoberman


Related Articles

arrow_forward_ios
CEO of Related Companies Jeff T. Blau, and a rendering of the project (Credit: Related)

Grand ambitions: Related’s DTLA megaproject hits halfway mark

Grand ambitions: Related’s DTLA megaproject hits halfway mark
Mack Real Estate Chairman Paul Keller and renderings of the project (Credit: CallisonRTKL)

Mack and AECOM reveal details for 51-story DTLA tower

Mack and AECOM reveal details for 51-story DTLA tower
Jose Huizar and a rendering of the project (Getty, City Market LA)

Huizar-tied community benefits fund linked to DTLA megaproject faces scrutiny

Huizar-tied community benefits fund linked to DTLA megaproject faces scrutiny
A rendering of Times Mirror Square

Onni Group’s Times Mirror Square project clears major hurdle

Onni Group’s Times Mirror Square project clears major hurdle
712 Olive St. (Credit: Google Maps)

Lawsuits force Atlas Capital’s DTLA project to chart new path

Lawsuits force Atlas Capital’s DTLA project to chart new path
Alicia Silverstone from the film 'Clueless', 1995, and a rendering of the Beverly Center (Credit: Paramount Pictures/Getty Images, and Beverly Center via Los Angeles Times)

For LA’s malls, lawsuits could be the next crisis

For LA’s malls, lawsuits could be the next crisis
Bryan Domyan and the S. Hope Street development site (Credit: Google Maps)

Developer plans 144-key hotel near near Staples Center

Developer plans 144-key hotel near near Staples Center
Rendering of the project

LA Trade Tech plans new 80K sf building for DTLA campus

LA Trade Tech plans new 80K sf building for DTLA campus
arrow_forward_ios

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

Loading...