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Developer Jeffrey Fish is intently eyeing a sliver of land in Downtown Los Angeles that could give rise to a nearly 60-storey tower. Though the plans are in flux, each iteration of the Thornton Tomasetti-designed proposal includes a network of lap pools protruding from luxurious residences and cantilevered above the street.
The site across from Pershing Square neighbours a 1920s-era building that shares the same name as the public space. After purchasing the building in 2003, Fish opened a popular rooftop restaurant and a basement club that helped bring vigour to an area of the core that hasn't seen the same level of development activity as other locations in the city. His latest venture would add an entirely new edifice — and populace — to the neighbourhood.
Not all units would come with fancy terraces and hovering glass-bottomed swimming pools, but the ones that do will heavily shape the building's overall profile. For maximum light penetration, a multi-storey open space will be situated within the centre of the structure.
The City has received two possible schemes for the Fifth and Hill project. One plan outlines a 55-storey tower with 100 condominiums, 200 hotel rooms, and 27,500 square feet of commercial space. The second depicts a 57-storey building with 142 condominiums, no hotel component, and 25,000 square feet of commercial space. There is commonality between the two potential programs, particularly at the base, where an L-shaped podium will ground the structure and envelop the Pershing Square Building. No matter the format, any investment here could spark renewed private interest in nearby properties. The renovation of the run-down Pershing Square, scheduled to be completed in 2019, could also act as a magnet for possible area-wide redevelopment.
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