Replacing what is now a parking lot between the Spring Arcade building and the Alexandria Hotel, a new building is being designed with modern style that includes wavy white architecture and balconies. Its aesthetic is very different from the historic buildings that will sandwich it.
The LA Downtown News recently reported that Australia-based developer Joseph Hellen has spruced up his plan for a 40-story apartment tower with a proposal to renovate and activate three small Broadway theaters.
Across the street are the Security Building lofts and SB Spring lofts for lease.
The proposed new building will be designed as a condo, but will be leased, as has been the trend for most recent residential developments in Downtown.
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LOFT & CONDO LISTINGS DOWNTOWN L.A. [MAP]