May 15, 2017
Shenzhen Hazens revised the plan for a proposed $700-million mixed-use development in DTLA next to L.A. Live to include two towers with 435 condominiums, a 300-room hotel and 80,000 square feet of retail. The Chinese developer has scratched 215 condos and a third tower from the proposed 1020 Figueroa development.
The updated massing plan creates a softer street-level elevation, by reducing the eight-level podium wrapping the project from 75 feet high to 55 feet, increasing the size of the public plaza along Figueroa Street by 50% and increasing setbacks from an adjacent historic building.
Towers are proposed on two corners of the 2.7-acre L-shaped site, including a 540-foot, 38-story structure at Olympic Boulevard, and another 430-foot, 32-story building at 11th Street. The podium amenity deck connects the towers, and will be extended towards Flower Street.
Before construction commences, an existing Luxe Hotel will be demolished.
For comments, questions or concerns, please contact Dennis Kaiser