With all the action heading to Broadway, in the Fashion District, and in North South Park, maybe you thought the original Downtown hotspot--the Historic Core--was tapped out on the development front. Oh heck no, there is something big on the horizon: Medallion developer Saeed Farkhondehpour is planning something huge called Medallion 2.0. The project at Third and Main could include four 13-story towers with up to 400 residential units, a boutique hotel, a public park, a five-level parking structure, loads of retail space, and maybe even that Alamo Drafthouse movie theater that Farkhondehpour's been trying to make a deal with (meanwhile, Medallion 1.0, which opened in 2010 and includes 96 units, is adding tons of local retail and restaurants). Designs are by Downtown-based Kevin Tsai Architecture.
According to broker/blogger Brigham Yen, "One of the most interesting design features of Medallion 2.0 is a diagonal sky bridge that links all four towers together by 'cutting through' the 10th floor, which will be the amenity floor for residents"--each building will have something like a fitness center or community space on that floor.
Farkhondehpour hopes to break ground in late 2015.
· Medallion 2.0: Four New Towers Slated to Break Ground in 2015 in Downtown LA [Brigham Yen]
· Medallion Archives [Curbed LA]