Size                           

• 228 for-sale residential condominiums

• 12,500 square feet of retail space

• 300-vehicle public garage

Local Demographics

• 25,900 people/square mile

• 36% of metro area median household income

Highlights

• Invested in the redevelopment/adaptive re-use project through a joint venture with Forest City Residential West, TMG Partners and RAD Management.

• Converted a vacant, 37-story office tower in downtown Los Angeles to residential condominiums, with retail/commercial space on the ground floor and mezzanine level.

• Tower was built in 1986, but never occupied for office use. Floor plates and ceiling heights were well suited for residential use.

• Building’s novel design — a 21-story, triangular glass tower atop a 16-story, rectangular parking structure — provides unobstructed views of the Pacific Ocean, the Hollywood Hills and the Los Angeles skyline.

• Joint venture partners also funded the development of 36 residential units for low-income residents at a nearby location.