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Property Details

The subject property is an opportunity to acquire and potentially develop a landmark project in the center of a thriving and rapidly growing downtown Los Angeles. Situated literally blocks from both new large-scale developments and existing economic and entertainment hubs such as the financial district and Staples/LA Live, there is an enormous potential to create an iconic destination. With a by-right FAR of 1:13 and various incentives available through the city of LA, the existing site has the flexibility to be re-positioned to suit specific investment and development goals. Existing infrastructure proves access to the property with major metro and transit stops nearby. Also, several public amenities within the local vicinity draw large volumes of activity such as Pershing Square, Grand Park, Macy's Plaza, Fig@7th Plaza, and the currently under construction Korean Air Tower.