After briefly turning over a new leaf on Broadway, developer Geoffrey H. Palmer is back to his old ways, with yet another large apartment complex planned on the perimeter of Downtown Los Angeles.
The latest project, known as Ferrante, would rise from an approximately 9.6-acre site bounded by Temple Street, Beaudry Avenue, Mignonette Street and the Harbor Freeway. Plans call for the construction of a sprawling seven-story building which would include approximately 1,500 residential units, 30,000 square feet of ground-floor commercial space and on-site parking accommodations for up to 2,606 vehicles and 1,680 bicycles.
The property, located at 1000 W. Temple Street, is currently developed with a ten-story office building and a four-story parking structures. Under Palmer's plan, both would be demolished to make way for the new residential development.
Elevation renderings created by Nelson/Boivin-Architects portray Ferrante with the same Italian-Renaissance-inspired look which typifies Palmer's Downtown apartment complexes. The project would also include approximately 187,000 square feet of recreational and open space, including multiple courtyards, a rooftop deck and interior amenities.
According to Ferrante's initial study, completion of the project is expected sometime during 2018.
The proposed mixed-use complex is located directly across the Harbor Freeway from Da Vinci, a similar Palmer development which was partially destroyed by a dramatic fire in late 2014. The City of Los Angeles is currently suing Palmer for $20 million, claiming that the developer's negligence allowed the fire to occur.
