Holland Partner Group’s 2 luxury towers add 575 units to DTLA

The development firm's residential complex totals more than 560K sf

Apr.April 02, 2019 02:00 PM
Holland Partner Group and MVE+Partners announced the completion of The Griffin and The Grace on Spring (Credit: Hunter Kerhart/Holland Partner Group)

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

Related Articles

A map of Westlake (Credit: Google Maps and iStock)

Developers are digging into multifamily projects in Westlake

Ken Gladstein in front of 630 Masselin Avenue

Multifamily investor Sares-Regis bets big on Miracle Mile

A multifamily building could replace this auto body shop (Credit: Google Maps)

Bastion plans 139-unit project on doorstep of booming Culver City

From left, clockwise: Daydream Apartments’ Griffin and Grace on Spring, Douglas Emmett’s The Glendon at Westwood and Carlyle Group’s Sofia Los Angeles

Here are LA’s 5 biggest multifamily sales of 2019

Relevant Group’s Richard Heyman and the project site (Credit: Google Maps)

Relevant Group plans 87-unit apartment complex in South LA

A rendering of the project

Developer files plans to build 87-unit apartment complex in Pico Union

A rendering of City Century's Olympia in DTLA (Credit: Visualhouse / City Century)

Chinese developer City Century closes on land for $1B DTLA megaproject

A rendering of the project and Douglas Bystry, President and CEO of Clearinghouse

Koreatown resi complex marks firm’s entry into Opportunity Zones