Australian developer Crown Group has revised its plans for a $500-million high-rise tower in Downtown Los Angeles. 

The proposed development, slated to rise at the southeast corner of 11th and Hill Streets, Magnus Property Pte Ltd. of Singapore and Indonesian developer ASRI.

Initially planned as a fully residential development, revised plans submitted to the City of Los Angeles now call for a 43-story tower with 319 condominiums on its upper levels and a 160-room hotel located below.  The developer is in discussions with several luxury hotel brands, according to a news release.

Koichi Takada Architects of Sydney is designing the tower, with MVE + Partners serving as the architect of record.  Renderings show a building with a sculpted rooftop inspired by California's iconic redwood trees, as well as a green wall masking above-grade parking levels.

With an obelisk-shaped profile, the tower is one of the first proposed buildings to take advantage of the City of Los Angeles' 2014 decision to relax a requirement for rooftop helipads on high-rise buildings.

The Los Angeles Times reports that the tower is expected to open in 2025.

"It's rare to find the central district of a large cosmopolitan city on the verge of such significant change," said Crown Group chief executive officer Iwan Sunito in a statement.  "Downtown is experiencing a once in a generation revival - led by the heightened convergence of tech, media, and entertainment in Los Angeles."

Crown Group's project is the latest in a slew of high-rise buildings poised to rise on the section of 11th Street between Broadway and Figueroa Street.  Just west, Mack Real Estate Group has proposed 51- and 60-story apartment towers that would replace surface parking lots, while across the street, Crescent Heights is behind plans for a 70-story building that would be among the tallest in Los Angeles.