Appeal settled, Lizard Capital’s jagged-look DTLA hotel project has start date

The 170-key project had been slowed by opposition by a labor union

Jul.July 12, 2019 10:00 AM
Lizard Capital CEO Bingyi Huang and a rendering of the Spring Street Hotel
Lizard Capital CEO Bingyi Huang and a rendering of the Spring Street Hotel

Developer Lizard Capital has a start date for its controversial, long-planned and highly stylized 28-story hotel tower in Downtown Los Angeles.

The Spring Street Hotel will begin work next spring, according to Adam Sokol Architecture Practice, Urbanize reported. The tower is set to replace a parking lot at 633 S. Spring Street. Work is expected to be completed by 2022.

The hotel will have 170 rooms, around 7,000 square feet of ground floor restaurant space, a gym, rooftop bar, and screening room among other amenities. The architecturally unusual building has an upper façade of cutouts and angles working toward a peak that resembles cut stone. The lower 10 or so floors feature straight, modern lines.

Beijing-based Lizard Capital was slowed by a December appeal, filed by hotel labor group UNITE HERE Local 11. The dispute was settled in January, which cleared the way for the project.

The settlement includes an agreement that the city fund streetscape improvements along Spring Street in exchange for transferring 50,000 square feet of floor area for the project.
Lizard is also working on a 178-unit mixed-use rental project in L.A. called Lava House. [Urbanize]Dennis Lynch 

Related Articles

An illustration of Airbnb's Chief Executive Brian Chesky

Los Angeles No. 1 in country for Airbnb, other short stay rentals

Developer seeks permission to build hotel at Lankershim Boulevard and Gilmore Street (Credit: Google Maps and iStock)

LA’s hotel boom continues with proposed 89-key development in North Hollywood

Jose Huizar gave new details Monday on Pershing Square redesign (Credit: Getty Images and Wikipedia)

An embattled Jose Huizar revives Pershing Square redesign

5240-5300 West Century Boulevard (Credit: Google Maps and iStock)

Around LAX, office-to-hotel conversions are catching on

The sale of the Ace Hotel was the biggest L.A. County hotel buy in 2019 (Credit: Google Maps)

Here are the biggest LA hotel sales of 2019

The Beverly Hills Montage at 225 N. Canon Drive

Qatar-backed hotel firm buys Montage Beverly Hills in record deal

Terranea Resort President Terri Haack and the resort

Resort owner Long Point Development spends big to defeat worker protection ballot measure

Greenland exec Hu Gang and Metropolis Tower III (Credit: BuzzBuzzHome)

Greenland opts to go rental at Metropolis tower in DTLA