41-story residential tower planned for Fourth and Figueroa in DTLA

Posted · Add Comment

Jamison Services filed plans with the department of city planning Wednesday for a project that would put a 41-story tower at 350 South Figueroa Street, a site occupied by the World Trade Center.

The plans call for the partial demolition of the parking structure and retail area at the corner of Fourth and Figueroa streets to make way for the new high-rise, which would hold 570 residential units.

This section of the complex connects via pedestrian bridges to two neighboring hotels, the Westin Bonaventure and the L.A. Grand Hotel Downtown. It’s unclear what’s to become of those above-street connections.

Jamison did not return messages seeking comment.

The company has owned the World Trade Center complex since 2004, when it paid more than $53 million to acquire the property, the Downtown News reported at the time.

Koreatown-based Jamison, once the largest office property owner in LA, has in recent years shifted its gaze toward residential developments. The company and project partner Hankey Investments are close to completing a dual-towered project in South Park, Circa, which will open this summer. They remain very busy in Koreatown, where they have multiple projects in the works.

Leave a Reply

Your email address will not be published. Required fields are marked *

You may use these HTML tags and attributes: <a href="" title=""> <abbr title=""> <acronym title=""> <b> <blockquote cite=""> <cite> <code> <del datetime=""> <em> <i> <q cite=""> <strike> <strong>

 
 
DMS