PARK FIFTH Development Approved!!
On May 13, 2008 the City Council approved the jewel of Downtown Los Angeles: The Park Fifth Condo Project. This $1.5 Billion development is a twin tower complex consisting of a 76-story and a 44-floor tower that house a 5-star hotel and condominium units, with retail, office and restaurant floor space. Situated north of Pershing Square, Park Fifth is expected to break ground by the fourth quarter of this year. Until the Grand Avenue Project is completed, Park Fifth and the Ritz Carlton will compete to be crowned the most luxurious condo development in Downtown.
FINALLY, my favorite project in Downtown is back on track. We have a unit reserved already and I truly look forward to seeing this glass structure redefine the "new" urban lifestyle in Downtown L.A.
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