New Renderings for the 41-Story 8th & Figueroa Tower
Mitsui Fudosan America, the U.S. subsidiary of the Japanese conglomerate Mitsui Fudosan, is forging ahead with plans to construct a high-rise development at one of Downtown Los Angeles' most conspicuous parking lots.
Next week, MFA will provide the Downtown Los Angeles Neighborhood Council's Planning and Land Use Committee with an opportunity to review the proposed 8th & Figueroa development, which is named for its location at the northeast corner of 8th and Figueroa Streets in the Financial District. The project calls for replacing a longtime surface parking lot with a 41-story, 501-foot-tall building that would feature 438 residential units above 7,300 square feet of ground-floor commercial space and parking for 517 vehicles and 490 bicycles.
Architecture firm Johnson Fain is designing the project, which will dovetail with proposed and planned improvements to the public realm, such as the DOwntown Streetcar and the MyFigueroa streetscape improvement project. Plans also call for the construction of a new mid-block pedestrian crossing, which would provide easier access to the Figat7th shopping center directly across the street.
The tower itself is portrayed as a rectangular glass-and-steel structure, protruding above a podium structure that would feature parking and a landscaped amenity deck. All above-grade parking levels would be screened in accordance with the Downtown Design guidelines.