Mitsui Fudosan receives green light for Park Terrace at 8th Grand & Hope, Los Angeles

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The construction of Park Terrace at 8th Grand & Hope by Mitsui Fudosan America has received approval from the Los Angeles Planning Commission. The 50-story apartment skyscraper designed with a retro aesthetic is situated between Grand Avenue and Hope Street on the north side of 8th Street. It will have architectural features that are meant to resemble homes from L.A.’s Mid-Century Modern era.

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The 562K square feet Gensler-designed tower’s building envelope will gradually reposition its mass away from Hope Street as it rises. It will retreat into a series of terraced amenity decks with sizable trees on them. This gives the tower, covered in glass, concrete, aluminium and stone, its distinctive profile.

The 8th Grand & Hope apartment skyscraper will include 580 units. This includes studio, one-, two- and three-bedroom apartments. Furthermore, there will also be 640 parking spaces and 7,500 square feet of ground-floor retail space.

Additionally, the garage levels would be constructed without a slope. This allows them to eventually be transformed into an extra 189 residential apartments. The building still contains above grade parking in a podium on its lower floors.

More on the Park Terrace at 8th Grand & Hope residential project

A subsidiary of the Japanese corporation Mitsui Fudosan, Mitsui Fudosan America, has lately entered the ground-up development business after decades of owning land in DTLA. Further, the company’s second residential tower in the area would be the 8th Grand & Hope building. On the corner of 8th and Figueroa, a building is almost finished.

The Park Terrace project by Mitsui Fudosan had to go through three appeals before the Planning Commission gave it the go-ahead.

The Labourers International Union of North America Local 270 affiliate SAFER and Creed LA, an alliance of several construction trade unions, filed the appeals, all of which were denied by the Commission. The two unions frequently appeal major projects before the City of Los Angeles for discretionary privileges.

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