(For more retail coverage, click GlobeSt.com/RETAIL and toread more on the multifamily market, click here.)
LOS ANGELES-The New York-based Moinian Group plans atwo-million-sf, $700-million mixed-use development of condominiumtowers, retail space and a hotel on a four-acre site near theStaples Center that it has acquired for $80 million. The companyacquired the site from AEG, the owner-operator of Staples Centerthat is controlled by billionaire developer Philip Anschutz.
The development parcel is at the corner of 11th and Figueroastreets, across from the L.A. Live project being developed by AEG.Moinian proposes to build a mix of residential lofts, condominiums,townhouses and luxury penthouse units in two high-rise towers of 45and 33 stories.
Continue Reading for Free
Register and gain access to:
- Breaking commercial real estate news and analysis, on-site and via our newsletters and custom alerts
- Educational webcasts, white papers, and ebooks from industry thought leaders
- Critical coverage of the property casualty insurance and financial advisory markets on our other ALM sites, PropertyCasualty360 and ThinkAdvisor
*May exclude premium content
Already have an account?
Sign In Now
© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.
