Proposed DTLA tower gets haircut, but not off the top

Mitsui Fudosan’s 8th & Fig will rise 41 stories and have 438 units

Los Angeles /
Oct.October 12, 2018 03:00 PM
John Westerfield is CEO of MFA and a rendering Fig & 8th (Credit: DLANC)

Plans for a 41-story mixed-used tower in Downtown are being scaled back courtesy of the city’s environmental review. But the change isn’t so dramatic.

Mitsui Fudosan America’s Eighth & Figueroa — also known as 8th & Fig — will be 12 percent smaller, and will include 438 residential units and 7,493 square feet of ground-floor commercial space, according to Urbanize.

The project, which will replace a parking lot at 732 South Figueroa Street, will now encompass 425,000 square feet, down from the previous design of 482,000 square feet. The change satisfies environmental requirements.

The actual height of the proposed project will increase from 501 feet to 530 feet to account for mechanical space at the roof level.

It is unclear exactly how the space was reduced, but a 2016 version of the plans called for 11,000 square feet of retail. 

The current mixed-use tower will have 80 studios, 264 one-bedroom apartments and 94 two-bedroom units. It will also include parking for 517 vehicles on seven levels, four of them underground.

The boxy glass-and-steel look of the project, being designed by Johnson Fain, will remain mostly the same as the project presented in March of 2018, Urbanize reported.

The project is expected to be completed in 2022.

Mitsui has owned the project site for more than 30 years, and also owns a parking garage one block away, where another high-rise project is underway. 

Brookfield Properties is building an even more massive 64-story mixed-use tower about a block away, at 945 W. Eighth Street, that will have 781 condos and 6,700 square feet of retail space. [Urbanize] — Alexei Barrionuevo


Related Articles

arrow_forward_ios
Oceanwide's new CEO Liu Guosheng and former CEO Han Xiaosheng with Oceanwide Plaza (Oceanwide)
China Oceanwide CEO steps down, CFO takes helm
China Oceanwide CEO steps down, CFO takes helm
Virgin Hyperloop Interim CEO/CFO and Board Member Raja P. Narayanan and ROW DTLA (ROW DTLA, LinkedIn/rajanarayanan)
Virgin Hyperloop moves HQ to Atlas Capital’s Row DTLA
Virgin Hyperloop moves HQ to Atlas Capital’s Row DTLA
Bill Cooper, Matthew Berkley, and clock tower for Eastern Columbia Lofts (Bill Cooper, Matthew Berkley, Andrew Asch of The Real Deal)
Reform of historic property taxes could impact brokers
Reform of historic property taxes could impact brokers
National Real Estate Advisors ceo Jeffrey Kanne with renderings of the residential tower The Bloc at 700 S. Flower St in Los Angeles (Shimahara, National Real Estate Advisors)
The Bloc could add 53-story tower to DTLA skyline
The Bloc could add 53-story tower to DTLA skyline
Relevant Group’s Grant King and the Morrison Hotel (Relevant Group, Google Maps)
Relevant Group seeks partner on Morrison Hotel redevelopment
Relevant Group seeks partner on Morrison Hotel redevelopment
Revolve's Michael Mente and Mike Karanikolas with ROW DTLA in the Arts District (Revolve, Google Maps)
Influencer fashion brand, furniture maker sign leases in Arts District
Influencer fashion brand, furniture maker sign leases in Arts District
Greenland Holdings’ Zhang Yuliang and the Hotel Indigo in DTLA (Mingtiandi, IHG)
Greenland shopping Hotel Indigo — again
Greenland shopping Hotel Indigo — again
KBS CEO Marc DeLuca and Union Bank Plaza at 445 S Figueroa Street in Los Angeles (Loopnet, LinkedIn)
Another deal for KBS’ Union Bank Plaza falls through
Another deal for KBS’ Union Bank Plaza falls through
arrow_forward_ios

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

Loading...