Mixed-use tower with 27 stories proposed in Chinatown

The tower would be directly across Broadway from Chinatown's Central Plaza

Los Angeles /
Jun.June 07, 2018 12:00 PM
A drawing of 942 North Broadway (Credit: Townline and Forme Development)

A 27-story mixed-use tower could be on its way to a lot next to Chinatown’s Central Plaza.

Vancouver-based developers Townline and Forme Development filed plans with the city for its Harmony project at 942 North Broadway, according to Urbanize.

The site is directly across Broadway from Chinatown’s central market, the Central Plaza, which could be a major selling point for residents. It’s also just around the corner from the Metro Gold Line’s Chinatown station.

Harmony would include 187 residential units and two floors of office and retail space. Ground-floor retail space would total about 30,000 square feet. Some of those residential units would be set aside as affordable, which provides the developers with a density bonus.

Chinatown has seen steady transaction activity in recent years, along with nearby neighborhoods like the Arts District, Boyle Heights, and other parts of Downtown. A 2.4-acre development property on Main Street sold for $14.6 million last month.

Townline and Forme are working with local developer Urban Offerings on the project, according to Urbanize. The team expects to break ground sometime next year. [Urbanize] – Dennis Lynch 


Related Articles

arrow_forward_ios
HBC's Richard Baker with  9600 Wilshire Blvd (SFA, Cornell)
Historic Saks Fifth Avenue complex in Beverly Hills eyed for redevelopment
Historic Saks Fifth Avenue complex in Beverly Hills eyed for redevelopment
Clear Capital LLC founding partners (L-R) Daniel Hardy, Eric Sussman, Paul Pellizzon and Greg Worchell with Foothill Ridge apartments, 1334 W. Foothill Blvd., Upland (Clear Capital LLC, Foothill Ridge Apts.)
Clear Capital buys 232-unit apartment complex in Inland Empire
Clear Capital buys 232-unit apartment complex in Inland Empire
Citrus Commons project at 14130 Riverside Drive (Johnson Fain)
Apartments to rise around former Sunkist HQ in Sherman Oaks
Apartments to rise around former Sunkist HQ in Sherman Oaks
From left: Tom Brady, Dillon Rosenblatt, and  Richard Rosenblatt with 3130 Wilshire Boulevard (Kilroy Realty, Getty, LinkedIn)
Tom Brady’s NFT company signs lease in Santa Monica
Tom Brady’s NFT company signs lease in Santa Monica
Vectra CEO Raju Shah and 640 North Sepulveda Boulevard (Vectra, LoopNet)
Mostly vacant Bel-Air office building sells for $32.5M
Mostly vacant Bel-Air office building sells for $32.5M
Rexford Industrial Realty's Michael Frankel, Howard Schwimmer and 29125 Avenue Paine (Loopnet, iStock, Rexford Industrial Realty)
Rexford bypasses rate hike on $218M spree of deals
Rexford bypasses rate hike on $218M spree of deals
Rendering of 2641 West Olympic Boulevard (CORbel Architects)
K-town developer envisions new hotel on Olympic
K-town developer envisions new hotel on Olympic
Rockwood Capital's Tyson Skillings and 64 Colorado Boulevard (Rockwood Capital, LoopNet)
Price of retail deal on Pasadena’s Colorado Boulevard nears pre-pandemic mark
Price of retail deal on Pasadena’s Colorado Boulevard nears pre-pandemic mark
arrow_forward_ios

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

Loading...