52-story condo tower planned in South Park

The 528-unit tower would use nearly 400K SF of floor-area rights from the LA Convention Center

TRD LOS ANGELES /
May.May 17, 2018 10:00 AM
The development site at 11th and South Hill streets

South Park could get a lofty new tower largely with the help of floor-area rights from the Los Angeles Convention Center.

An Alhambra developer wants to build a 52-story condo tower at the corner of 11th and Hill streets, according to a filing with the Department of City Planning. The filing requests a transfer of nearly 400,000 square feet from the nearby convention center to the site, for what would be a 564,000-square-foot tower with 528 condo units.

The city’s transfer of floor-area rights (TFAR) program is meant to incentivize development away from sensitive or historically significant areas.

The tower would also include ground-floor retail and the developer wants permission to sell alcohol at five establishments. The property owner is South Hill Holdings LLC, controlled by Alhambra-based Hing Tat Chan. The LLC purchased the property in 2014 from a trust for $16 million, according to property records. Its currently home to a single-story manufacturing plant.

The convention center’s operator, Anschutz Entertainment Group, announced a major $1.2 billion project of its own earlier this month. The expansion includes an 850-key hotel, the addition of 350,000 square feet to the convention center itself, and the redevelopment of the Gilbert Lindsay Plaza from a bus and car drop-off to a garden and outdoor event space. The aging convention center was last overhauled in 1997.

The project at 11th and Hill streets isn’t the only one requesting a transfer of floor-area rights from the convention center. Mack Urban filed for a 16-story tower on S. Olive Street on Wednesday requesting 15,000 square feet of buildable space.


Related Articles

arrow_forward_ios
La Mirada industrial building

Clarion pays $77M for La Mirada industrial project

510 Park Avenue and CEO of Monster Beverage Rodney Sacks

Monster Beverage affiliate guzzles down industrial project in San Fernando

Governor Gavin Newsom and Senator Nancy Skinner (Credit: Getty Images and iStock)

Developers rejoice: Newest state law aims to boost housing production

Assemblyman David Chiu and Gov. Gavin Newsom (Credit: Wikipedia and iStock)

California passes landmark rent control law

KTGY CEO Tricia Esser and the Trust Building

Rising Realty signs KTGY Architecture as first tenant at renovated Trust Building

Ron Galperin and an overview of LA (Credit: iStock)

LA owns thousands of properties, many of them vacant. LA’s controller has an idea to spur development

Bob Halavi and 827 South Grand View Street (Credit: LinkedIn and Google Maps)

This 60-unit resi project would add to MacArthur Park’s growing pipeline

Top to bottom: a rendering of the project and a photo of the site at 3170 West Olympic Boulevard (Credit: Google Maps)

Koreatown hotelier sells shovel-ready development site entitled for 252 units

arrow_forward_ios