Posted on 05/10/2007 9:25:06 PM PDT by MinorityRepublican
LOS ANGELES – Developers plan a $1 billion downtown condominium complex with twin towers – one rising 76 stories to make it the tallest residential building in the West.
There would be 732 condos.
Plans unveiled Monday for the Park Fifth complex overlooking Pershing Square park also call for a 14-story, 218-room luxury hotel. The two blue-green glass condo towers – the shorter one 43 stories – would rise above the hotel.
It's the latest massive development planned downtown from Bunker Hill south to the Staples Center.
“This is the first time in 30 years that all the stars have lined up” enough to start building Park Fifth, developer David Houk said. The project would be built at the corner of 5th and Olive streets.
Councilwoman Jan Perry said Park Fifth would be a downtown asset.
“It has the great potential of becoming this iconic structure that is high-profile enough” to redefine the city's skyline, Perry said. “It's right smack dab in the midst of places where people work the Jewelry Mart, central business district and Bunker Hill.”
Houk said financial partners and most of the required development permits have been obtained and he has begun work on a new environmental impact report. Construction could start early as 2008.
The U.S. Bank Tower now dominates the downtown skyline. Although it has 72 floors and the new condo tower would have 76, the bank skyscraper would still be taller because residential stories are not as tall as office stories.
750,000+ for a 1 bedroom, no doubt : )
How would you like to be in your 76th floor condo when a 7.0 earthquake hits L.A.?
And here is the overdesigned, contentless Park Fifth Web site (click on home page to see “artist’s rendering”):
i wonder what the sway on the top floor during an earthquake would be?
i lived in a 13 story dorm in college, and we got terrific winds. the highest wind gust recorded was 183 mph.
the water used to slosh out of the toilets on the 13th floor restaurant at 100 mph.
100mph! Damn, that's some serious sloshin'.
Regards
The rendering seems unimpressive to me. It looks like every other 70’s style apartment of condo high rise in this town with the exception of the smaller building in front of the highest high rise. Can’t they atleast build something with some flair, some personality?
I think WINDSs could sway a building that tall. I know the Sears tower does. It makes you seasick. You would have to take motion sickness pills just to live there. Maybe the CEO of Dramamine could purchase the penthouse.
You couldn’t pay me enough to live that high up off the ground in a town just waiting for the next big earthquake. CRAZY.
Not to mention how close they would be to one of the busiest airports in the country. NO THANKS.
"Show me just what Mohammed brought that was new, and there you will find things only evil and inhuman, such as his command to spread by the sword the faith he preached." - Manuel II Palelologus
Omigod, you're right! UGH!-ly.
Yep, high rise death trap in Shaky City.
I used to live on the 35th floor of a 42 story building. Never noticed any sway at all.
Ah, the Soylent Green Towers.
Holy cow! I wonder which team of contestants on The Apprentice designed THAT web page?
Anyway, I love living in highrises. I’d buy a condo there in a minute.
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