Park Fifth, a Catalyst for the Revitalization of Pershing Square

Park Fifth

The Downtown Los Angeles skyline is changing yet again. Developer MacFarlane Partners has topped off Park Fifth, a highly anticipated luxury high-rise apartment complex across from Pershing Square. The 24-story property has 347 rental apartment units and 5,300 square feet of retail space, and is expected to dramatically change the surrounding Pershing Square neighborhood.

“The project will dramatically change this submarket of Downtown L.A. as both towers sew together two long, formerly vacant blocks and creates a place or a heart to them, creating the necessary catalyst for the soon-to-be revitalized Pershing Square and the additional development that is now planned around it,” Victor MacFarlane, chairman and CEO of MacFarlane Partners, tells GlobeSt.com. “The mix of living and retail offerings at the two-building development will also help to create a mostly non-existent, pedestrian experience.”