In response to the resurgent Downtown Los Angeles condo market, a new wave of for-sale housing is quietly taking off in the South Park neighborhood.
On Thursday, workers installed protective fencing around the half-acre parking lot at 1050 South Grand Avenue, future home of a $100 million condominium tower from developer Trumark Urban. The 24-story building, designed by local architecture firm HasonLA, will contain 151 residential units above a retail and parking podium. One laborer at the development site stated that construction is scheduled to commence before the end of December. However, previous coverage from the Downtown News points to an early 2015 start date.
The project, formerly known as the Glass Tower, originally received approvals in 2007. However, like many other Downtown condominium developments, the tower found itself unable to move forward in the midst of the global recession.
