The power of suggestion is real! Back in April, a broker was marketing this parking lot on Eighth and Spring as a skyscraper-tunity, and even had some designs on-hand (though at the time, they were just wishful renderings; no one had committed to building). Well, developers Holland Partners got the message loud and clear. They bought the 39,000-square-foot spot for $12.5 million and filed plans earlier this month to build a 24-story mixed-user on the premises, says Building LA.
This new tower would bring 320 apartments and an as-yet-unspecified amount of street-level retail, hopefully boosting a section of Spring Street that's fairly barren compared to action a couple blocks north. (One Terroni does not a hot-spot make.) Holland Partners is at work on a tropically-colored mega-development near Bixel and Sixth Street, and built the 1111 Wilshire, but this is their first foray into the east-of-the-110-Freeway world.
· Another Skyscraper Planned in the Historic Core [BLA]
· Developers Wanted for Historic Core's Dreary South Spring [Curbed LA]