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The Real Deal Los Angeles

Barry Shy moves ahead on long-planned 32-story DTLA tower

Hill Street Lofts, with 239 units, been planned since 2014
By Dennis Lynch |
Research by Haru Coryne
February 19, 2019 10:00AM

Developer Barry Shy and a rendering of the tower

Developer Barry Shy is moving ahead with a 33-story apartment tower in Downtown Los Angeles.

Shy has filed permits for the 239-unit development.

The City of L.A. approved the 920 S. Hill Street project, called Hill Street Lofts, in April 2018. Shy first proposed it in 2014, together with a 38-story tower for a site a few blocks away at 601 S. Main Street, which the city also approved last year.

Shy listed the Main Street site in mid-2017, but continued working the 38-story project through the city approvals process. In December of that year he was forced to reconfigure the Hill Street project over concerns about a lack of parking. Architect David Takacs is designing both projects.

Hill Street Lofts is slated to include 5,700 square feet of ground-floor retail space, along with parking for 295 vehicles across one subterranean level and six levels above ground.

It would replace a parking lot that Shy bought in 2014 for $24 million. The site is behind the popular Ace Hotel.