"Since purchasing the land last year, Oceanwide has reworked the design for the Fig Central development, adding a third tower in the process. The $1-billion project now consists of two 40-story high-rises and another high-rise at 49 stories. In all, 504 condos, 183 hotel rooms and nearly 450,000 square feet of retail space are planned."
"The project is decidedly upscale. Oceanwide envisions a five-star hotel, event spaces, celebrity chef restaurant and members-only nightclub. A hundred feet above the street, residents and hotel guests will enjoy an expansive lawn, children's playground, barbecues, a pool and running track."
"The project's architects say the complex is designed to encourage pedestrian activity. Pedestrians can access a two-level, open-air retail galleria mid-block on Figueroa Street. Shops are also planned directly on the street level."
Oceanwide Real Estate Group has begun demolition on a 4.6-acre parking lot in downtown Los Angeles's South Park neighborhood to make way for Fig Central, a $1-billion mixed-use development. The project features three high-rise towers—two 40-story buildings and one 49-story tower—containing 504 condos, 183 hotel rooms, and approximately 450,000 square feet of retail space. The upscale development includes a five-star hotel, event spaces, celebrity chef restaurants, and a members-only nightclub. Amenities include an elevated lawn with playground, pool, and running track. The design emphasizes pedestrian activity through open-air retail galleries and street-level shops. Groundbreaking is expected in early 2015.
#mixed-use-development #downtown-los-angeles #retail-and-residential #high-rise-towers #urban-revitalization
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