We’re getting our first good look at the first phase of developer Mack Urban’s huge, multi-use project under construction on six acres in Downtown LA’s South Park neighborhood. The first piece of the puzzle comes in the form of a seven-story building on a site bounded by Pico Boulevard and Olive and Hill streets.
Named Wren, the building will hold 362 for-lease luxury apartments (a mix of studios and one, two- and three-bedrooms). The apartments range in size from 487 to 1,750 square feet, with the average unit coming in at about 760 square feet.
The average rent will be about $2,700, with prices starting around $1,850 and going all the way up to $6,200.
Wren’s apartments will feature floor-to-ceiling windows, ceilings over nine feet tall, quartz countertops, and balconies on many of the units. Amenities will include a pool, a gym, two roof decks, two dog runs, a bike maintenance room, and bike parking.
Designed by architects Togawa Smith Martin, Wren will also contain 22 two-story townhomes on the Hill and Olive sides of the project, which is just a few blocks east of the Blue and Expo lines’ Pico Station. But it will also offer parking space for 382 cars and 400 bikes, and charging stations for 40 electric cars.
When complete, the residential complex will also include a 4,000-square-foot restaurant and adjacent green space.
Its opening is set for February 2017, with move-ins the same month.
Mack Urban is developing Wren with AECOM Capital and Capri Capital Partners, and is only the beginning of what will basically be an urban village within South Park.
The next phase of the project will include a 38-story mixed-use tower at 12th Street and Grand Avenue with 536 housing units, about 13,000 square feet of retail space, and a 10,000 square foot park. Three more buildings will be added at a later date.
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