Construction has progressed more than 10 stories above ground at Mack Urban's 38-story tower in South Park, nearly one year after breaking ground at the corner of 12th Street and Grand Avenue.
The project, which is the second phase of a $1.2-billion development with AECOM Capital, is creating 512 residential units, 10,000 square feet of retail space and parking for 752 vehicles. At completion, the building will rise to a peak height of 490 feet when accounting to a planned rooftop spire.
A first phase of the development, the $144-million WREN Apartments, recently opened a block south on Pico Boulevard. Similar residential communites have also opened nearby in recent months.
Mack Urban also owns three other parking lots near the project site, on which the developer is planning additional towers.