40-story tower planned for 12th and Grand in DTLA’s booming South Park

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A future high-rise in South Park proposed as 37 stories is going through a growth spur. It’s now being pitched as a 40-story tower with more than double the number of residential units.

Developer City Century filed plans Tuesday with the city planning department or the tower, which, as planned now, would hold 312 units. The tower would also hold 7,100 square feet of shops. It’s not clear if the residential units are still being planned as condos. The company has not returned messages seeking comment.

In 2015, City Century spent $26 million to buy the property at 12th and Grand and announced that it wanted to build a 37-story tower with 126 condos. The tower’s units were anticipated to sell for between $600,000 and $4 million.

In planning records, Joseph Lin of City Century, the LA subsidiary of Chinese developer ShengLong Group, is listed as the project’s applicant. ShengLong is also developing the planned Olympia project, which will bring three towers to a site on Olympic and Georgia, right across from L.A. Live.

A slew of of new buildings are planned in South Park, including a 24-story tower on the same block, also by City Century.

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