Wolff Completes Construction in Downtown LA
- Apr 25, 2017
Bernards has finished construction of G12, a 456,000-square foot, mixed-use development in downtown Los Angeles’ South Park district, for its owner, The Wolff Company.
Located at 1200 S. Grand Ave., the seven-story community consists of 347 multifamily units and 19,000 square feet of ground floor retail and amenity space. Apartments will range from studios and lofts to one- and two-bedroom units, built over two levels of subterranean parking.
The new development is adjacent to OLiVE DTLA, a “sister” project recently completed by Bernards for the same developer. OLiVE DTLA is a seven-story, mixed-use community with 293 apartment units, 7,000 square feet of amenity space for residents and approximately 17,300 square feet of ground floor retail. TCA Architects designed both properties.
“These two important development projects are vital in helping to meet the urgent need for additional housing in downtown Los Angeles,” Carl Vizcarra, Bernards’ project executive, said. “Every Bernards employee shares in the excitement of playing a role in the ‘building boom’ that is transforming Downtown LA.”
South Park has become a magnet for young, Millennial professionals and the evolving entertainment and tourist area includes attractions such as the LA Convention Center, Seventh Street Restaurant Row, the Grammy Museum, the vibrant L.A. Live entertainment complex, and Staples Center, home to the Los Angeles Lakers, Kings and Clippers.
Bernards is also currently constructing Park Fifth, a seven-story project in downtown L.A., owned by MacFarlane Partners, which includes 313 apartments and 7,000 square feet of retail.
“Downtown Los Angeles continues to experience dynamic growth and our Park Fifth project, which is adjacent to the world-class public space of Pershing Square, will be an ideal location for those who desire high-end amenities coupled with access to multiple transportation options,” Ken Lombard, MacFarlane Partners’ president, said.