In downtown Los Angeles, a proposed 53-story residential tower on top of an existing parking garage has garnered support from the City Planning Commission. This development aims to enhance the dense mixed-use Bloc area, which includes office spaces, hotels, and entertainment options. Originally a mall, the Bloc underwent a significant transformation under developer Wayne Ratkovich but faced construction challenges leading to increased costs. National Real Estate Advisors, now managing the project, seeks to move forward with the residential addition, signifying continued investment in urban living spaces in the city.
The plan for a new 53-story residential tower atop a parking garage in downtown LA has received City Planning Commission approval, advancing towards a City Council vote.
The residential skyscraper will be part of the Bloc, a revitalized mixed-use complex that has transformed from a dated mall into a vibrant hub with public spaces.
After overcoming significant construction issues and budget overruns, the current plans aim to integrate further living space into a prime downtown location.
A sunken plaza and improved access to transit have been key to revitalizing the former Macy's Plaza into a modern mixed-use destination.
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