Plan for 50-Story Mixed-Use Tower Clears Hurdle in L.A.

Although it still needs approval from the Los Angeles City Council, Mitsui Fudosan’s plan for a 50-story, retro-inspired mixed-use tower in downtown L.A. cleared a major hurdle with approval from the L.A. Planning Commission, GlobeSt reports. Designed by Gensler, Park Terrace at 8^th Grand & Hope (named for the streets it would front) “will feature architectural elements intended to evoke L.A.’s mid-century modern homes.” On the drawing board are 580 residential units of varying sizes with balconies, 7,499 ft² of ground-level retail and parking for more than 630 vehicles. A series of setbacks would allow for landscaped, outdoor amenity decks and give the glass, concrete, aluminum and stone structure a unique profile, Urbanize L.A. observed last year. If all goes according to plan, groundbreaking could occur as early as next year.