One year since our last update, the wood and concrete frame of the Ferrante apartments are finally starting to rise in Downtown's City West district.
The project, located on a 10-acre property at Temple Street and Beaudry Avenue, replaces a former Bank of America data center and office building with a sprawling seven-story mixed-use complex. Plans call for 1,150 residential units - a decrease from the roughly 1,500 apartments originally proposed - above ground-floor commercial space and basement parking.
Completion is anticipated in 2021, according to the website of developer Geoff Palmer.
Ferrante is the latest and largest in Palmer's "Renaissance Collection," a series of Italian-inspired apartment complexes bordering the Harbor Freeway. Combined with six other projects - Da Vinci, Lorenzo, Medici, Orsini, Piero, and Visconti - Palmer's portfolio will include 5,000 residential units.
A separate project built by Palmer, Broadway Palace, is designed to resemble historic buildings in Downtown's core.
The Ferrante project site sits directly across Beaudry avenue from a smaller eight-story, 53-unit apartment building now being built by LaTerra Development.
- Ferrante (Urbanize LA)