Development firm Holland Partner Group has added 575 residential units to Downtown Los Angeles with the completion of two apartment towers. Rents rise as high as $10,000 a month for a unit.
The mixed-use, 24-story towers, called The Griffin and The Grace on Spring, opened at the corner of Eighth and Spring streets, according to REBusiness Online.
The Griffin, at 755 S. Spring Street, has 275 units and 9,000 square feet for retail space. The Grace, at 732 S. Spring Street, includes 300 units above 7,500 square feet of retail space.
The projects, which combine for 563,250 square feet, had been under construction since 2016. Unit range in size from 542 square feet to 1,884 square feet, with rents from $2,310-$10,510, according to The Griffin’s website.
The buildings were designed by MVE+Partners. It features rooftop lounges, a fitness center with a yoga studio, a business center, conference rooms, a swimming pool, and an entertainment lounge.
Holland Partner Group last year completed The Sofia mixed-use complex with 606 units at 1106 W. 6th Street. It was one of the top 10 biggest projects in Los Angeles in 2018.
The firm is also working on another mixed-use development in Beverly Grove, but recently cut the project’s height by 16 stories. [REBusiness] — Gregory Cornfield