$500M LA Luxury Project Reaches Completion
- Oct 22, 2018
A new residential project comprising luxury units and retail space in downtown Los Angeles has been completed. CIRCA Residences is comprised of two 35-story towers with a total of 648 luxury rental apartments. Hankey Investment Company, Jamison Services Inc., Falcon California Investments and Highlands Capital Inc. own the $500 million project, which was designed by Harley Ellis Devereaux.
The towers are set on a 100-foot podium along with 48,000 square feet of ground-level retail and 2,000 parking spaces. A two-acre amenity deck is housed within the podium, which features 18,000-square-feet of LED display space.
Apartment units range from 600 to 4,000 square feet and rental prices are expected to range from $3,000 to $24,000 per month. Featured amenities include:
- swimming pools
- private cabanas
- outdoor fire pits
- dog parks
- business center
Close to LA’s Sports and Entertainment Venues
The towers are located at 1200 S. Figueroa St., in the heart of downtown Los Angeles, across the street from the STAPLES Center and the Los Angeles Convention Center.
“CIRCA has redefined what it means to play, work and live in the South Park area,” said Scott Dobbins, president of Hankey Investment Company, one of the four investment entities that owns the project, in a prepared statement. “The circular design sets it apart from any other structure. From the circular pool to the curves in the twin towers, which maximize the view corridors for each residential unit, this complex will provide a lifestyle that is unparalleled in the downtown Los Angeles area.”
Last year, the development team behind CIRCA Residences unveiled details and renderings of the future live-work-play community.
Image courtesy of Harley Ellis Devereaux