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Whiskey Tango Foxtrot
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Discussion Starter · #1 · (Edited)
This will be one of 4 towers being developed by SB Buildings in Downtown L.A.

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4 Big Residential Towers Planned For Downtown



July 25, 2013

Downtown developer Barry Shy (of the SB buildings) is building in bulk--he's got four new residential projects he expects to break ground on next year. Altogether the three new buildings and one adaptive reuse project will nearly double the number of units Shy controls Downtown, bringing the total up to 2,350 apartments. Downtown News has the lowdown on the developments, which should delight those starting to fear for our increasingly stumpy Downtown:

-- SB Omega at 601 South Main Street will be a 40-story, 500-unit tower built on a Historic Core parking lot. At one point it was hoped the project would break ground this past spring, but it didn't.

-- The 12-story garment building at 939 South Broadway (just south of the forthcoming Ace Hotel) will be converted into a 150-unit apartment building.

-- There are 250 units planned for the parking lot at Broadway and Olympic--the building will top out at 20 stories along Olympic Boulevard and 13 on Broadway.

-- And 250 more units in a 20- or 21-story tower at 916 South Hill Street, which is currently--you guessed it--a parking lot.

That's three projects planned for north South Park (think that'll catch on?), which Shy says is Downtown's next hotspot, thanks in part to its large number of parking lots prime for the picking. And with the planned Broadway streetcar, the hotly-anticipated Ace Hotel, and a whole bunch of new development (Geoff Palmer's got something going, Onni Group's building a 32-story tower, and there's a mid-rise mixed-user from the Hanover Company), the neighborhood's in for a radical transformation. Shy says he expects to have final plans and permits in the next 8 to 12 months.

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http://buildinglosangeles.blogspot.com/2013_07_01_archive.html
 

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Whiskey Tango Foxtrot
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55,632 Posts
Discussion Starter · #4 · (Edited)
Plans Filed for Four New Mixed-Users in Downtown



The largest of the four developments would rise from a one-and-a-half-acre parking lot that Shy has owned for several years. Located at the southwest corner of 6th and Main Streets, the project is a retooled version of a longstanding proposal known as SB Omega. The new tower at 601 Main Street would rise 38 stories, containing 452 condominiums, an 858-vehicle parking garage and 15 street-level retail and restaurant stalls.

Preliminary designs for the project received mixed reviews at a meeting of the DLANC's Planning and Land Use Committee last December. Although the tower proposal has since been redesigned, some of the elements from the presentation may shed light on further details to come. Older plans called for the tower's upper levels to be set back from the street, allowing for height while also providing the illusion of a low-rise street wall. The earlier version of the project included over 25,000 square feet of ground-level commercial space, a substantial portion of which was intended for a small, neighborhood-serving market. Plans for the vehicular garage provide approximately one space per unit, with surplus stalls reserved for other nearby buildings that lack dedicated parking.
 

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Hope it's a go. That is one of the most surprising parking lots in DT, sort of like a huge tooth pulled out of an area otherwise built-up for decades.

Always hard to say but I'm optimistic about the design; seems to integrate well with the 'hood while adding something modern and edgy.
 
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