A family-owned real estate firm with significant holdings in the Downtown area has announced plans to redevelop a strip of commercial buildings at 12th and Main Streets with an apartment tower.
Yesterday, JADE Enterprises submitted an application to the Department of City Planning for the construction of a 30-story development at 1123-1161 S. Main Street. Plans call for 363 apartments - including one-, two-, and three-bedroom units - seated above a four-story podium featuring 12,500 square feet of retail and parking for 373 cars and 192 bicycles.
While current plans call for three levels of above-grade parking, the top floor of the garage is being designed with a 15-foot ceiling height to facilitate a future conversion to office space.
MVE + Partners is designing the proposed development, which places the tower at the middle of the site to reduce the total building mass and provide better solar orientation for a pool courtyard atop the podium. Plans also call for a rooftop deck featuring a second pool, as well as indoor lounge rooms.
The tower is being designed to play off of a proposed eight-story apartment complex across Main Street, which is also being developed by JADE Enterprises. The tower is intended to feature a setback located mid-block to reflect a plaza which is planned at the ground level of the neighboring development.
A timeline for the project was not announced.
The proposed tower would rise just south of the Harris Building, a 1920s garment manufacturing building at the corner of 11th and Main Streets that JADE recently restored as office space.
- Downtown (Urbanize LA)