When we first learned of the plan to put a 43-story residential high-rise on a parking lot at the corner of 8th and Figueroa streets, we had little information to go on. Now, we at least have a rendering of what’s set to go up: A sleek, glassy tower designed by Johnson Fain, an architecture firm that's behind at least a dozen other Los Angeles developments.
Mitsui Fudosan America (MFA) tells Curbed via email that the tower will hold 436 rental units along with about 10,000 square feet of commercial space, including retail along Figueroa and along 8th. It will also have 460 parking spaces and parking for 400 bicycles, just a block away from the 7th Street/Metro Center rail station.
MFA's parent company is Japanese real estate developer Mitsui Fudosan. The company attempted to put a 400-room hotel on the site back in the 1990s, but the plan never got off the ground.
This new tower will be a block away from the 73-story Wilshire Grand, which will hold a fancy hotel, office space, and retail on the bottom floors.
One of Johnson Fain's other projects is LA Plaza Cultura Village, south of Chinatown and west of El Pueblo and Olvera Street. (Due to an editing error, an earlier version of this story incorrectly stated Fain had designed Columbia Square at Sunset and Gower in Hollywood; that project is actually by Rios Clementi Hale Studios.)