Groundbreaking Scheduled For Park Fifth

Construction could soon begin on Park Fifth, the mixed-use high-rise that will be built downtown near Pershing Square.

MacFarlane Partners is scheduled to break ground on the first phase of the development in April. Demolition will be done on the parking structure on the western side of the property, according to Urbanize LA.

The seven-story project on a 2.25-acre site will have 313 apartments and 7k SF of retail space.

The building could be completed by mid-2018. [ULA]

Continue reading this story with a free account

Log in or register
Sign up for more articles like this
Subscribe to Bisnow's Los Angeles Newsletters
Related Stories

Rexford Sells Fullerton Industrial Building For $50.2M: The Los Angeles Deal Sheet

What's At Stake For CRE In Tuesday's U.S. Midterm

From Pandemic Darling To Cautionary Tale: Pickleball Clubs Face A Reckoning After Betting Big On Retail Space

Hof Wonen Acquires 251 Social Rental Houses In New Mixed-Use Project In The Hague

Foundry Robotics Leaves San Francisco For New East Bay HQ

Tenant Rep Firm Expands To Philly, Hires Industry Veteran

Epicenter Landcorp Buys Culver City Flex Industrial Building For $11M

Data Centers Lose The Top Spot, San Francisco Jumps 40 Places: 9 Takeaways From ULI's 2027 Outlook

Cushman & Wakefield, NYC Added To Suit Alleging $250K Agency Lease Shakedown

Hollywood's Yamashiro Complex Gets $25M Refinance: The Los Angeles Deal Sheet

Denver Public Schools' $11M Centennial Hall Purchase Marks Rare Land Sale For ULC

Developer Pitches Massive Hospitality, Makerspace District South Of Austin