Park Fifth

Los Angeles, California

Market: Los Angeles

Type: Multifamily

Role: Developer

Status: Completed in 2019

Rental apartment high-rise built on a former parking lot across from Pershing Square in downtown Los Angeles.

Property Size

  • 347 rental apartments
  • 5,300 square feet of retail space

Local Population Density

  • 17,900 people/square mile


  • A 24-story residential high-rise with street-level retail space developed on a surface parking lot in downtown Los Angeles, which has emerged as a popular residential neighborhood and entertainment hot spot over the past 15 years, its population having grown by more than 30% since 2000.
  • Adjacent to Trademark, a seven-story apartment building with ground-floor retail space that is was developed by MacFarlane Partners.
  • Located at West 5th Street and South Olive Street, directly across from Pershing Square (the largest open space in downtown L.A.), diagonal to the historic Millennium Biltmore Hotel and one block south of Grand Central Market.
  • Just east of two iconic office towers: U.S. Bank Tower, the tallest building west of the Mississippi River; and the Gas Company Tower. Within five blocks of the site are more than 25 million square feet of office space and 50 restaurants.
  • Across West 5th Street from the Pershing Square Metro Station, which provides commuters with underground-rail access to points throughout L.A. The building also is located along the planned route of downtown’s restored historic streetcar line.
  • Amenities include a 360-degree-view rooftop deck featuring a club room, a fitness center, a clubhouse with a bar/kitchen, TVs, ample seating and a business center, and an infinity-edge pool with cabanas; on-site resident concierge services; a controlled-access bike storage and repair area; and a dog walk and washing station.


  • Certified as a LEED-Gold building under the U.S. Green Building Council’s Leadership in Energy and Environmental Design (LEED) rating system.

Related Websites


Walk Score:  98     |    Transit Score:  100     |     Bike Score:  70

How Walk Score works