There’s Hope for This South Park Luxury High-Rise
Lendlease and Full Star Properties LLC started construction on a mixed-use luxury condo building, which has been in the pipeline since 2006.
By Ariela Moraru
Contractor Lendlease and developer Full Star Properties LLC started construction on a high-rise residential building in Los Angeles’ South Park neighborhood. Canadian developer Amacon previously carried out planning operations for the 28-story property back in 2006, according to Urbanize LA.
Located at 1133 S. Hope St., the project broke ground in October 2016, when Fulton Street Ventures, the American subsidiary of Chinese real estate firm R&F Properties, held a ground-breaking ceremony, with heavy construction planned at a later date. Chris Dikeakos Architects designed the 208 luxury condominiums that will rise on top of 5,000 square feet of ground-level retail and five levels of resident parking and amenity space. The community will feature a mix of studio, one- and two-bedroom condominiums and various amenities such as a podium-level pool, roof deck for penthouse units and a helipad.
The property is located east of Staples Center and the LA Live and has easy access to interstates 10 and 110. The asset is one block away from another luxury condominium high-rise developed by Trumark Urban that has been completed recently.
“This beautiful building will be a wonderful addition to the South Park neighborhood,” said Michael Concannon, senior vice president & general manager for Lendlease, in prepared remarks. Lendlease is currently managing more than $1.9 billion active construction projects, including over 1,600 residential and hotel units equating to over 6.5 million square feet under management and 226 floors under construction.
Image courtesy of Downtown Los Angeles Neighborhood Council