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
The new lease keeps the Lakers in the stadium through 2041. (Getty)
AEG will spend “nine figures” for Staples Center renovation
AEG will spend “nine figures” for Staples Center renovation
Robert F. Maguire III (Getty)
Developer Robert Maguire, known for Downtown LA towers, dies at 86
Developer Robert Maguire, known for Downtown LA towers, dies at 86
An aerial view of the site (Google Maps, iStock)
Atlas Capital plans $650M soundstage complex in DTLA
Atlas Capital plans $650M soundstage complex in DTLA
(Renderings courtesy of Crescent Heights)
Crescent Heights’ 70-story DTLA rental tower may rise after all
Crescent Heights’ 70-story DTLA rental tower may rise after all
L.A. home sales surged to a record high in the first quarter, as buyers chose “pandemic amenities” in Malibu, as well as Downtown condos. (iStock)
LA homebuying hits record high in Q1
LA homebuying hits record high in Q1
Relevant Group’s Richard Heyman and Grant King with a rendering of the project (Gensler via Urbanize)
Relevant Group plans 331-unit apartment in Downtown LA
Relevant Group plans 331-unit apartment in Downtown LA
Claridge Properties CEO Ricardo Pagan and renderings of the Angels Landing project
Covid may delay but won’t stop Angels Landing: Developer
Covid may delay but won’t stop Angels Landing: Developer
Perla on Broadway
SCG America’s 450-unit condo tower enters tough DTLA market
SCG America’s 450-unit condo tower enters tough DTLA market
arrow_forward_ios

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

Loading...