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Equity Residential’s long-stalled DTLA residential tower project is back

 Equity Residential CEO Mark Parrell and a rendering of the 4th and Hill tower
Equity Residential CEO Mark Parrell and a rendering of the 4th and Hill tower

Nearly five years after Equity Residential proposed a 428-unit tower in Downtown Los Angeles, new renderings show the project is slightly scaled back. They also signal the development may be back on track.

Like many recent large residential developments in Downtown L.A., the 31-story tower — dubbed 4th and Hill — is a podium design. In addition to the apartments, plans also call for 5,610 square feet of ground floor retail space, according to Urbanize, which first reported on the updated design.

The renderings are part of the city’s newly-published environmental study of the project. Equity has cut down the number of stories of parking at the base of the tower to four from nine as first planned in 2015.

TCA Architects’ glass and steel design calls for a swimming pool atop the building’s podium and an amenity deck above the tower. The architecture firm anticipates a 2022 completion date.

The first version of the project was 33 stories and encountered fierce opposition from residentis and owners of neighboring buildings, who argued that the tower was too big for the surrounding area.

Equity circulated a petition urging city officials to approve the project. It accused developer David Gray and residents of Gray’s nearby building of organizing the opposition because the 4th and Hill tower would block its view.

The 4th and Hill project would replace a parking lot and is near the site of the planned $1.2 billion Angel’s Landing project. A development team of MacFarlane Partners, Claridge Properties, and the Peebles Corporation is in the middle of the environmental review process for that massive complex. [Urbanize] — Dennis Lynch

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  • 30 September 2019
  • The Real Deal
  • Uncategorized
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