It's the year when things are finally being built again--we've had groundbreakings in Hollywood, Koreatown, and now South Park, where the Daniel Libeskind tower-killer has officially gotten a name--meet Avant--and is set to start work today. Plus: surprise! It'll have three buildings rather than two. The project's Convention Center-adjacent site was once slated for a 43-story condo building designed by repetitive, glasses-wearing architect Libeskind, but that plan went up in flames last year and the site went up for sale. A joint venture of Cypress Equity Investments and Fifield Cos. bought the land in September and announced they'd be putting up two seven-story apartment towers. Today the developers announced they were breaking ground on those first two towers, which will rise at 1340 S. Fig and 1355 S. Flower, and will start work early next year on a third tower at 1500 S. Fig. The first two buildings will both be seven stories, with a combined 11,000 square feet of retail, 247 units, and 252 parking spaces. They'll be linked via skybridge and are set to debut in November 2013. The last building will have another 194 units. The project is being designed by GMP Architects.
· Downtown L.A. to See Groundbreaking on 440-Unit Luxury Multi-Family Project [CPE]
· Downtown Libeskind Tower Replaced With Two Seven Story Apartment Buildings [Curbed LA]