Latest information on Park Fifth is much different than the original super-skyscraper that was promised. There has been soil testing in the last few weeks on the site. Does this mean the property could be changing hands, or might it actually be breaking ground soon? I'm hoping it sells to something more worthwhile.

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Less than one year after unveiling substantially downsized plans for Downtown's erstwhile Park Fifth site, developer MacFarlane Partners has opted to rework the entire project. The San Francisco-based investment management firm will give a first glimpse of the redesigned - and slightly upsized - development program to the Downtown Los Angeles Neighborhood Council's Planning and Land Use Committe this Tuesday.

Construction of Park Fifth is anticipated to start in mid-2015. According to the presentation, the revised project may be constructed in two phases, beginning with the mid-rise component.


Park Fifth site in real life:
5th & Olive by Hunter, on Flickr
 

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