Next to the Figat7th shopping mall in Downtown Los Angeles, developer Brookfield Properties is almost ready to open the market's first residential high-rise since the onset of the global pandemic.
Beaudry - now one of the City's tallest residential buildings - stands on a long-vacant property at 960 W. 7th Street. The 64-story building, which rises more than 600 feet in height, features a total of 785 residential studio, one-, two-, and three-bedroom dwellings as well as parking for 831 vehicles in a podium garage.
While not all of the building is scheduled to open for occupancy on the debut date of April 15, the units listed for rent on the project's leasing website include studios commanding monthly rents as low as $2,480, while a two-bedroom unit on an upper floor runs for $8,295 per month.
Marmol Radziner designed Beaudry, with LARGE Architecture serving as executive architect. Previously, the building was described as having a mid-century modern inspired, indoor-outdoor aesthetic. Floor-to-ceiling windows line the apartments, while terrace decks and a lounge on the 57th floor provide open space for residents. Other common features include a podium top amenity deck, as well as co-working spaces, a golf simulator, and a swimming pool.
At the time of its groundbreaking, Beaudry was billed as the final component of a master-planned development first conceived by the late developer Robert Maguire in the 1980s. Brookfield controls a full block bounded by 7th, 8th, and Figueroa Streets, which also includes the Figat7th mall and the 777 Figueroa and EY Center office towers. Prior to losing control of the site, Maguire had planned more offices at the 960 W. 7th Street as recently as 2006.
Brookfield, which is the largest office landlord in the Downtown market, is also planning to construct a 34-story residential building adjacent to Bank of America Plaza, and has Adidas and Forever 21 as office tenants at the revamped California Market Center in the Fashion District.
Nonetheless, the company has not been immune to the impacts of the pandemic and changing work habits on the office market. Brookfield defaulted earlier this year on loans for two of the properties within its Downtown portfolio.
Beaudry is one of two market-rate residential high-rise buildings set to open in the near future within the Downtown market. Across the street, Mitsui Fudosan America is building a similar 42-story apartment tower.
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