demolition was recently completed on this property. Sadly, it was previously a beautiful (albeit slightly dilapidated) 19th century-style building from 1903. The LPC was clearly too busy looking after their own interests to save this historic corner building.
YIMBY has an exclusive first look at what’s in store for 316 Fifth Avenue, in Koreatown, where developer Cottonwood Management is planning a 539-foot-tall tower designed by Kohn Pedersen Fox.Permits for the project were filed back in July of 2017 and show a 39-story building with a predominantly residential makeup of 27 full-floor or larger condominiums. That component will total 52,340 square feet, while a commercial-retail base will have 6,809 square feet on the first two floors.
The base will be topped by an amenity space with terraces for the residential portion of the project, with mechanical levels interspersed up above until the full-floor units begin on the 8th story.