A Look at the Future of Spring Street

732 Spring Street will have 300 apartment units and 7,500-square-feet of retail space.

LOS ANGELES—North America Sekisui House and Holland Partner Group has broker ground on 732 Spring Street, a $164 million mixed-use development on Spring Street in Downtown Los Angeles. This is the second of tower in the two-tower project. The first, 755 Spring Street, broke ground late last year. MVE Partners is designing the future icon to illuminate both the historic past of the Downtown Los Angeles market as well as the future of the evolving street.

“This is a great opportunity,” Matthew McLarand, principal at MVE + Partners, tells GlobeSt.com. “Part of what is beautiful about the historic core is that there was already this great precedent. There are elements of architecture that really tie into the scale of pedestrians and walkability, and all of the things that we talk so much about wanting to have. That street has all of that in a really authentic way. It isn’t someone coming in and trying to recreate the past; it is a framework that was designed years ago. The architectural character of buildings is always important but the way that you design buildings that relates to real people and creates real character.”