August 11, 2016
San Francisco-based MacFarlane Partners broke ground on the first phase of its Park Fifth development in DTLA. The initial work encompasses a seven-story mixed-use apartment building consisting of 313 units totaling 221,000 square feet and 7,456 square feet of retail.
The Park Fifth development includes mid- and high-rise residential buildings totaling 600,000 square feet of multifamily residential and retail space on a 2.3-acre parking lot that is directly across from Pershing Square, and adjacent to the historic Millennium Biltmore Hotel.
Amenities at Park Fifth will include a 14,000-square-foot courtyard, a pool deck with a zero-edge pool, an indoor/outdoor fitness center, and resident lounges with multiple entertainment and media offerings.
The project is expected to deliver in the Q1 2019.
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