A half-year after we last stoppped by the intersection of Temple Street and Beaudry Avenue, the wood-and-concrete frame of developer Geoffrey Palmer's collosal Ferrante apartment complex is approaching its apex.
The project site - a 10-acre property that formerly housed a Bank of America data center - is being developed with a series of seven-story structures which will feature 1,150 apartments, 21,000 square feet of ground-floor commercial space, and parking for 2,600 vehicles.
Renderings of the finished product depict a sprawling podium-type complex with a Italian Renaissance-inspired appearance - similar to Palmer's other developments hugging the Harbor Freeway. Plans call for multiple courtyard and pool decks scattered across the site.
Construction of Ferrante is being broken into six overlapping phases, according to building permits issued by the City of Los Angeles.
The first phase of the project is on pace to open in mid-2022, according to a leasing brochure.
Ferrante is the the latest and largest project in Palmer's "Renaissance Collection," a series of new developments which all employ the same Italian-inspired architecture. Combined with six other projects - Da Vinci, Lorenzo, Medici, Orsini, Piero, and Visconti - Palmer's Downtown portfolio will include more than 5,000 residential units.
Despite the scale of Ferrante, the under-construction project has been dowscaled from Palmer's original plans for the site. When initially entitled, the development was slated to include more than 1,500 apartments.
Ferrante is one of a handful of new housing develompents now under construction to the west of the Downtown Civic Center, including a s a smaller eight-story, 53-unit apartment building now rising at the opposite corner of Temple and Beaudry.
- Ferrante (Urbanize LA)