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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.”

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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.

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