Ownership Group Unveils Plans for $500 Million Mixed-Use Development in Downtown L.A.

by Katie Sloan

Los Angeles — An ownership group led by Hankey Investment Co. and Jamison Services Inc. has unveiled plans for Circa, a $500 million mixed-use development in downtown Los Angeles.

Spanning 1.6 million square feet, Circa will be located at 1200 S. Figueroa St. and tie together the South Park and Sports and Entertainment districts, including STAPLES Center, LA Live and the Los Angeles Convention Center.

Circa will include two 35-story residential towers located on top of a 100-foot high platform, which will serve as a two-acre amenity deck for residents. The deck will feature a lounge pool with private cabanas, spas and a sun deck. Other amenities include a fitness center, barbecue stations, two dog parks, fire pits, an indoor bar, pool table, outdoor bar, two business centers, private chef’s kitchen and dining room and a library/wine bar.

The two towers will feature 648 one- and two-bedroom units, as well as several penthouse units. The project will also include 48,000 square feet of retail space, roughly 1,770 parking spaces and 15,000 square feet of digital signage.

In addition to the digital signage, there will also be a combined 12,500 square feet of traditional signage facing Flower Street and on the tower crowns. Public amenities will include up to three restaurants on the 12th Street Plaza and up to four major-brand retailers between Figueroa and Flower streets.

Los Angeles Mayor Eric Garcetti and Councilman Jose Huizar attended the unveiling of Circa yesterday.

“I am proud to lead the transformation of downtown L.A. into a vibrant residential, business and cultural center. This project will create 1,000 jobs for the area and inject almost half a billion dollars into our local economy,” says Mayor Garcetti. “LA is the model 21st century city, a world-class destination that continues to be an investment magnet for people from around the globe.”

Circa’s design team includes general contractor LendLease, construction manager Wilshire Construction LP, architect Harley Ellis Devereaux and interior architect HansonLA. In addition to Hankey Investment and Jamison Services, the ownership group comprises Falcon California Investments and Highlands Capital Inc.

The project is tentatively scheduled to open its doors in September 2017.

—   John Nelson

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