What's New in Metro Los Angeles?

REAL ESTATE PROJECTS
Major mixed-use real estate projects, which will impact an area, are described in this section.
Park Fifth
Developers of the new Park Fifth condominium building say that this structure is the tallest residential structure west of Chicago. Located at 427 West Fifth Street in downtown Los Angeles, this building has a 76-story condominium tower and a 43-story condominium tower. The two towers are connected by a fifteen-story “bridge” structure, which will be occupied by a luxury hotel. The development is estimated to cost $1.0 billion. Groundbreaking is planned for early 2008 with occupancy slated for 2010.
$1.3B NoHo Art Wave
Transportation officials have given a green light to the largest “transit-oriented” development in L.A. County history, a $1.3-billion apartment, retail, and high-rise office tower complex to be built at the terminus of the Red Line subway and Orange Line busway in North Hollywood. The development will feature more than 1.7 million square feet of development on 15.6 acres, which would be the Metropolitan Transportation Authority’s largest transit-oriented development. More than 1 million square feet of office space will be built in three buildings between 12 and 20 stories tall. Other buildings on the drawing board will house nearly 160,000 square feet of retail and entertainment and about 560 apartment units. About 6,200 parking spaces will be built. Groundbreaking could begin by 2009, with various parts of the project being completed between 2010 and 2014.

REAL ESTATE PROJECTS
Major mixed-use real estate projects, which will impact an area, are described in this section.

Park Fifth
Developers of the new Park Fifth condominium building say that this structure is the tallest residential structure west of Chicago. Located at 427 West Fifth Street in downtown Los Angeles, this building has a 76-story condominium tower and a 43-story condominium tower. The two towers are connected by a fifteen-story “bridge” structure, which will be occupied by a luxury hotel. The development is estimated to cost $1.0 billion. Groundbreaking is planned for early 2008 with occupancy slated for 2010.

$1.3B NoHo Art Wave
Transportation officials have given a green light to the largest “transit-oriented” development in L.A. County history, a $1.3-billion apartment, retail, and high-rise office tower complex to be built at the terminus of the Red Line subway and Orange Line busway in North Hollywood. The development will feature more than 1.7 million square feet of development on 15.6 acres, which would be the Metropolitan Transportation Authority’s largest transit-oriented development. More than 1 million square feet of office space will be built in three buildings between 12 and 20 stories tall. Other buildings on the drawing board will house nearly 160,000 square feet of retail and entertainment and about 560 apartment units. About 6,200 parking spaces will be built. Groundbreaking could begin by 2009, with various parts of the project being completed between 2010 and 2014.