LosAngelesSportsFan
September 5th, 2005, 03:26 AM
214 more condos, 37 stories. it gets better and better.
Another 200 Condos Slated for South Park
Meruelo Maddux Properties plans to turn a 30,000-square-foot South Park parcel it acquired in late July into a ground-up residential high-rise, a spokesman for the developer said last week. Plans for the land, at Ninth and Flower streets, call for a 37-story tower with 214 loft-style condominiums and 68,000 square feet of ground floor retail. A groundbreaking is scheduled for next spring. It marks the second high-profile move by Meruelo Maddux Properties in as many months; in July the developers paid $12 million for the Union Bank & Trust Company Building on Eighth and Hill streets and announced plans to turn that 12-story structure into 90 loft-style apartments by early 2007. The firm is run by John Maddux and Richard Meruelo; the latter is a sometime controversial land owner who recently prevailed in a legal tangle with the Southern California Institute of Architecture over ownership of the school's Arts District building.
page 2, 9/5/2005
Another 200 Condos Slated for South Park
Meruelo Maddux Properties plans to turn a 30,000-square-foot South Park parcel it acquired in late July into a ground-up residential high-rise, a spokesman for the developer said last week. Plans for the land, at Ninth and Flower streets, call for a 37-story tower with 214 loft-style condominiums and 68,000 square feet of ground floor retail. A groundbreaking is scheduled for next spring. It marks the second high-profile move by Meruelo Maddux Properties in as many months; in July the developers paid $12 million for the Union Bank & Trust Company Building on Eighth and Hill streets and announced plans to turn that 12-story structure into 90 loft-style apartments by early 2007. The firm is run by John Maddux and Richard Meruelo; the latter is a sometime controversial land owner who recently prevailed in a legal tangle with the Southern California Institute of Architecture over ownership of the school's Arts District building.
page 2, 9/5/2005