When South Park's Apex apartments (formerly known as Concerto) opened back in 2012 after a looooong bankruptcy battle and all the resulting fallout, it was somehow still missing something: the third and tallest part of the project had never been built, leaving many wondering if they'd ever see it rise. Now, finds Building LA, a recent filing with the LA Department of City Planning shows that things are finally starting up again at the site, and that a 28-story tower is now on its way to the long-dormant spot.
Even as the other pieces of Apex were built, there was never anything to report about that third development once destined for the southwest corner of Ninth and Flower Streets. Back when the project was called Concerto and was under the watch of prominent developer Sonny Astani, it was imagined as condos, but the economic downturn, plus an ugly bankruptcy battle, ended up taking the project out of Astani's control and eventually new owner Corus Construction Venture finished the first buildings as rentals. (CCV is also known by the name ST Residential.) It's unclear from the brief filing if this tower will be rental or condo.
Original plans called for 280 units and retail at street level, plus a two-story retail building across the street, on the southeast side of the intersection.
· Another Stalled South Park Tower Comes Back to Life [BLA]
· Building Formerly Known as Concerto is Finally About to Lease [Curbed LA]