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1111 Sunset Blvd. Development Unveiled

Massive L.A. Project Aims to 'Unify the Neighborhood'
June 7, 2018
Courtesy of Palisades Capital Partners, LLC
Courtesy of Palisades Capital Partners, LLC
Long known as a dormant corner in downtown Los Angeles, Sunset Boulevard may soon transform with a large mixed-use development by Palisades Capital Partners LLC at 1111 Sunset Blvd.

The 1111 Sunset Boulevard development has been in the planning stages for two years. When completed, it would offer 778 apartments and condominiums in two residential towers, a 98-room hotel and street-level retail, including 75,000 square feet of grocery-anchored neighborhood shops along the well-known artery, according to Brian Falls, vice president of development at Palisades.

Located in the Downtown Community Plan (DCP) area, the site is already zoned, and the developer is not asking for any variances, Falls said. It is being built on a 5.5-acre site that was formerly the headquarters for the Metropolitan Water District.

The project is being designed by SOM and San Francisco-based Natoma Architects, led by Stanley Saitowitz. Japanese architect Kengo Kuma and Associates will design the hotel property. The residential towers will be flanked by bungalow-style residences. The site will include more than two acres of open space designed by New York City-based James Corner Field Operations that will also have water features and courtyards.

Falls sees the development as serving an important need in the area.

"It’s also providing a community hub for the nexus of downtown, Echo Park, Chinatown and Victor Heights," Falls said, adding that the fact it will include much-needed open space is another plus as well as the fact that "it is opening a site that’s been historically closed off from the city."

Falls recently made a presentation to the Central City Association's Housing, Land Use and Development Committee, which voted in favor of the project.

Jessica Lall, chief executive of the Central City Association, which consists of 400 commercial real estate brokers, developers and businesses, said via email:
This investment will enhance the vibrancy of the Downtown area by increasing the city’s housing and hotel supply for our growing residential and tourist population and will create jobs for local residents. It adds 778 new residential units, both market rate and affordable, to our city’s housing stock at a time when our region is facing a severe housing shortage. The project activates the space in a way that is inviting to the local community.

Nick Griffin, vice president of economic development at the Downtown Center Business Improvement District, said that 1111 Sunset Blvd. is an "amazing project," adding that the development is part of "a new generation of projects" now being built around downtown.

He includes billion-dollar projects such as Greenland USA’s Metropolis, Oceanwide Holdings’ Oceanwide Plaza and the project at Angel’s Landing, from developers Claridge Properties, The Peebles Corporation and MacFarlane Partners, in that mix.

"They’re of a scale and a sophistication that would not have been imaginable in downtown five or 10 years ago," Griffin said.

Construction is scheduled to begin on 1111 Sunset Blvd. in 18 months, according to Falls, and the projected completion date is 2028.

Karen Jordan, Los Angeles Market Reporter  CoStar Group   
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