A major new mixed use development proposed for Exposition Park may be a little lower to the ground than earlier plans suggested.
Called The Fig, the project is set to rise at 3900 South Figueroa Street—directly across the street from the under-construction Banc of California Stadium. When developer Spectrum Group Real Estate filed plans for the project last year, it included a 21-story hotel that would rise beside a pair of seven-story residential structures.
Last month, Urbanize LA reported that the tall tower had been cut out from plans for the development, and a new environmental report on the project confirms that it now includes three separate structures—that would each rise seven stories in height.
One building would house a hotel with 298 guest rooms and 15,335 square feet of retail and restaurant space. Another would have 222 units of student housing and 32,991 square feet of space for retail and restaurants. The third building would feature 186 residential units, including 82 that would be set aside for low-income households. It would also have 20,364 square feet of creative offices and 7,000 square feet of retail and restaurant space.
The massive complex would occupy a 4.4-acre project site, requiring the demolition of eight apartment buildings that exist there today. Those structures together contain 32 units.
Combined with the enormous soccer stadium rising across the street, the project could dramatically reshape the stretch of Figueroa Street where it’s proposed. As shiny new high-rises pop up along the corridor to the north, the city is also working on a streetscape project that will line Figueroa Street with protected bike lanes and a host of pedestrian-oriented features extending down to Martin Luther King Boulevard.
If granted city approval, construction on The Fig is expected to last 18 months, wrapping up in 2020.