Beach development, market-rate high rise set to come to Southern California.
L.A. Committee Approves High Rise With Market-Rate Condos
The Los Angeles City Council’s planning and land-use- management committee approved plans for a 41-story tower at Figueroa and Eighth streets. The building will include 438 condos and approximately 5,000 ft2 of commercial space on the ground floor. There will also be an enclosed parking structure with space for 505 vehicles. The city planning commission had recommended requiring the developer, Mitsui Fudosan America, to make 5% of the condos “affordable,” but the committee rejected that, Curbed LA reports. The developer is reportedly paying nearly US$5 million in “public payment benefits” in exchange for the air rights of the site.
Plans Revealed for Two-Tower Long Beach Development
Plans from Trammell Crow Residential to build a development that includes two high-rise buildings in Long Beach were released in an environmental report, Urbanize Los Angeles reports. The development, which will include a 21-story, 239-ft-tall tower and a 40-story, 426-ft-tall tower, will replace a parking lot on the 5.59-acre site at 600 West Broadway. The development will yield 746 residences; a nine-story, 1,510-car garage; and a 3,000-ft2 market. The taller of the two towers would be the tallest building in Long Beach. Between the high-rise buildings, plans show multiple five-to-seven-story buildings arranged around a green space. Planned amenities include a dog park, swimming pools, roof decks and a courtyard.