Park Fifth, Los Angeles To Get A New Skyscraper

by Deidre Woollard (RSS feed)
May 10th 2007 at 10:02AM

Downtown Los Angeles will look like a whole different city in a few years. A few months ago, I showed you the plans for Frank Gehry's Grand Avenue complex, now let's take a look at Park Fifth. The ambitious project is a $1-billion high-rise condominium complex overlooking Pershing Square park in downtown Los Angeles . The LA Times reveals the rendering for what will be the tallest residential building west of Chicago. The taller tower is 76 stories and will be one of Los Angeles's tallest skyscrapers. The shorter tower will be 43 stories. Construction could start as soon as early 2008, and the smaller tower, which will also be home to a 14-story five-star hotel could be open by 2010. The project's massive scale (732 condos and 218 hotel rooms) have some Los Angeles real estate watchers clucking nervously but it is hoped that in a few years the real estate market will have recovered and condo hunger will be on the rise again. The sales center for the condos is set to open this summer.

Tags: building, condo, development, los angeles, LosAngeles, park fifth, skyscraper

Filed under: Estates

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JW-C May 11th 2007 12:19AM

This screams of the long lost golden days of Hollywood to me. The long, low build white houses with glistening swimming pools and glamorous starlets of the 50's and 60's. I really love this. It's asymmetrical, clean, crisp lines are sleek and sexy. This is one of the best designs for a mixed use, residential project iv'e seen in a quite a while.