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 Article

arrow_forward_ios
Terreno Realty Chairman & CEO W. Blake Baird

Terreno Realty makes another industrial play in LA

Los Angeles City Planning Commission President Samantha Millman and a rendering of the Flower Market project (credit: Brooks + Scarpa and Twitter)

Development bloom: SoCal Flower Market mixed-use project in DTLA clears hurdle

Downtown Los Angeles (credit: Jeff Cleary and Laurie Avocado)

Rezoning Downtown — Skid Row included — must include more affordable housing, advocates say

Lizard Capital CEO Bingyi Huang and a rendering of the Spring Street Hotel

Appeal settled, Lizard Capital’s jagged-look DTLA hotel project has start date

Rexford Industrial Realty co-CEOs Howard Schwimmer and Michael S. Frankel

Rexford signs film and TV props supplier to giant warehouse lease Downtown

The Skid Row City Limits mural

LA wants to rezone Skid Row to allow 100K units of new housing

A rendering of Fig and 8th

Mitsui Fudosan secures final approval for 41-story DTLA tower

Alamo Drafthouse founder Tim League and the Bloc

Remember the Alamo Drafthouse project at the Bloc? It’s finally happening

arrow_forward_ios