April marked the launch of Beaudry, the new Downtown apartment tower from Brookfield Properties next door to the Figat7th shopping mall. Now, the New York-based developer is offering a look inside the slim high-rise.
Located on a long-vacant property at 960 W. 7th Street, Beaudry is the first Downtown high-rise to make its debut since the onset of the global pandemic, featuring 785 studio, one-, two-, and three-bedroom apartments atop parking for 831 vehicles. The 64-story tower also includes restaurant space, which will be occupied by Vaca, a new Spanish restaurant from chef Amar Santana starting in early 2024.
A leasing website for the property advertises rents starting as low as $2,670 per month for a 550-square-foot studio unit, and as much as $9,780 per month for a three-bedroom, 1,700-square-foot apartment on the 48th floor. However, much of the building is not yet available for lease.
Marmol Radziner designed Beaudry, which is the L.A.-based firm's first high-rise, with LARGE Architecture serving as executive architect. The tower has been described as featuring a mid-century modern inspired, indoor-outdoor aesthetic. That comes from floor-to-ceiling windows across all apartments, as well as, various terrace decks and a lounge on the 57th floor. Other amenities include a podium top amenity deck, as well as co-working spaces, a golf simulator, and a swimming pool.
The tower completes the buildout of a city block which was developed under a master plan initiated by the late Robert Maguire in the 1980s. While elements such as the 777 Tower, EY Center, and Figat7th Mall were built, the Beaudry site sat empty for decades following a downturn in the office market. 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.
Despite its scale, Brookfield has not been immune to the impacts the pandemic has had on the office market. The company defaulted earlier this year on loans for some of its Downtown portfolio.
While Beaudry is the first high-rise to come online in Downtown since the pandemic, it is not going to be the last. Across the street, Mitsui Fudosan America is building a similar 42-story apartment tower.
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- Beaudry (Urbanize LA)