This story was originally published in Multifamily Executive.
The empty Angel’s Landing site in downtown Los Angeles will soon be home to the tallest building in the western United States, which will stand 1,000 feet tall when complete.
The $1.2 billion development plan by Angels Landing Partners, a 100 percent minority-owned joint venture between the Peebles Corp., MacFarlane Partners and Claridge Properties, is designed to improve the pedestrian experience around the Pershing Square Metro Station. More than 50,000 square feet of open public space will wind around the towers, with landscaping design by Olin. The space between the towers, Angel’s Terrace, will be structured as a gathering space for shopping, dining, and community events year-round.
Handel Architects designed the towers to encourage fluid movement throughout the property and its open public spaces. The towers will include 450 apartment units, including affordable housing units; 125 for-sale condos, each measuring about 2,500 square feet; 45,000 square feet of retail and commercial space; a charter elementary school; a mini food hall leased by local businesses; and two hotels—the 192-key SLS hotel and the 289-key Mondrian hotel. The signature tower features a wide base that tapers at the top, and a glass-and-steel sky bridge will connect the two towers across the Angels Terrace patio.
The development and construction process is expected to take 41 months with completion in late 2024. Angels Landing Partners is committed to providing contracting opportunities for the project to minority and women-owned businesses, with the goal of exceeding M/WBE requirements and strengthening the local middle class, says Don Peebles, chairman and CEO of the Peebles Corp.
“Our team is inspired by the great opportunity to transform the Los Angeles skyline with our iconic building, enhance residential life downtown, and forever change how large buildings are built in Los Angeles by ensuring that all residents and businesses receive equal access to career and business opportunities,” he says.
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