The proposed 24-story building at 1233 S. Grand Avenue, known as the “Grand Residences,” consists of 161 condominium units and 2,000 SF of retail space. With 163,891 SF of cumulative floor area – spread over 8,862 SF floor plates – the building will rise to an architectural peak of 240 feet above street level. Plans also call for a total of six levels of parking – two subterranean and four above-grade.
The 161-unit, mixed-use condominium project is South Park’s newest tower, sure to make an impact on Downtown Los Angeles’ skyline. This will be the first of four projects City Century (a member of ShengLong Group), is developing between Downtown LA and Koreatown.
Matching the glitz and glamour and Los Angeles itself, the building’s facade catches and reflects the sunlight through metallic spandrel and polished stainless steel panels. The tower contours, folds, and facets, designed to further accentuate a shimmering facade, providing elegant transitions from day to night. The building’s hexagonal shape allows the building to take advantage of the changing light throughout the day. This directly relates to the interior unit layout, which moves away from the “classic” and common rectangular layout to a more interesting and bespoke shape.
With a boutique feel, the units range from studios to three bedrooms as well as townhouses and four penthouses. A pair of two-story townhouses with entrances on the sixth-floor podium level are intended in part to cover the fourth level of above-grade parking in the building as well as provide Downtown with much needed, larger-than-average-sized units. These units, at 963 SF, will help to lure families to DTLA and the project.
The tower replaces an existing parking lot, central to the other major developments in the area. Sitting on a fairly small lot of 18,000 SF, the project includes 215 parking spaces. Amenities include a grand lobby with fitness center, outdoor rooftop pool, clubhouse with community kitchen and fire pit with sweeping views of nearby LA Live and the glamorous downtown skyline. The amenities deck on the 23rd floor would also include a kitchen and communal space for residents.
Steinberg, with City Century, has submitted the tower at 1233 S. Grand Avenue to the City of Los Angeles for entitlements. Groundbreaking is expected in the third quarter of 2016, with an estimated completion date of 2018.