Details are slowly trickling out about the high-rise in the works for a Historic Core site next to Grand Central Market and adjacent to Bunker Hill, and it's getting pret-ty interesting. The 33-story project, designed by TCA Architects, will bring 320 market-rate apartments to the corner of Hill and Fourth streets, but will also have 22 units for very low-income tenants and 86 "workforce housing units," according to Urbanize LA.
According to a presentation to the Downtown LA Neighborhood Council by developers Equity Residential, the units would break down into studios and one-and two-bedroom units, with the smallest studio coming in at a snug-but-not-quite-micro 407 square feet and the largest two-bedroom hitting 1,326 square feet. The Pershing Square subway stop exit at the corner of Fourth and Hill will stay put. Parking for bikes and cars would be tucked away in an eight-level garage and two floors underground, with units each getting one car space. Developers are hoping that the stars align and that all approvals come through for them to start construction in 2016.