X

Thank you for sharing!

Your article was successfully shared with the contacts you provided.

Park Fifth, the highly anticipated luxury apartment community in Downtown Los Angeles, has officially opened. Developer MacFarlane Partners and construction company Suffolk have delivered the two-tower 347-unit apartment project. It features 24-story high-rise building, and the adjacent Trademark, a seven-story mid-rise building in overlooking Pershing Square in Downtown Los Angeles.

“We knew from the outset that the downtown market—with the number of class-A apartments scheduled to be delivered around the same time as Park Fifth—that the market would be competitive,” Victor MacFarlane, chairman and CEO at MacFarlane Partners, tells GlobeSt.com. “Nonetheless, we believed that we were going to deliver one of the best, if not the best apartment community in the market. The initial reaction to and leasing of Park Fifth has been outstanding. The response has been overwhelmingly positive about the design, the units and the amenity package.”

Want to continue reading?
Become a Free ALM Digital Reader.

Once you are an ALM digital member, you’ll receive:

  • Unlimited access to GlobeSt and other free ALM publications
  • Access to 15 years of GlobeSt archives
  • Your choice of GlobeSt digital newsletters and over 70 others from popular sister publications
  • 3 free articles* across the ALM subscription network every 30 days
  • Exclusive discounts on ALM events and publications

*May exclude premium content
Already have an account?

Kelsi Maree Borland

Kelsi Maree Borland is a freelance journalist and magazine writer based in Los Angeles, California. For more than 5 years, she has extensively reported on the commercial real estate industry, covering major deals across all commercial asset classes, investment strategy and capital markets trends, market commentary, economic trends and new technologies disrupting and revolutionizing the industry. Her work appears daily on GlobeSt.com and regularly in Real Estate Forum Magazine. As a magazine writer, she covers lifestyle and travel trends. Her work has appeared in Angeleno, Los Angeles Magazine, Travel and Leisure and more.

More from this author

GlobeSt. APARTMENTS SPRING 2021Event

Join 1000+ of the industry's top owners, investors, developers, brokers & financiers at THE MULTIFAMILY EVENT OF THE YEAR!

Get More Information
 

GlobeSt

Join GlobeSt

Don't miss crucial news and insights you need to make informed commercial real estate decisions. Join GlobeSt.com now!

  • Free unlimited access to GlobeSt.com's trusted and independent team of experts who provide commercial real estate owners, investors, developers, brokers and finance professionals with comprehensive coverage, analysis and best practices necessary to innovate and build business.
  • Exclusive discounts on ALM and GlobeSt events.
  • Access to other award-winning ALM websites including ThinkAdvisor.com and Law.com.

Already have an account? Sign In Now
Join GlobeSt

Copyright © 2020 ALM Media Properties, LLC. All Rights Reserved.