Los Angeles Downtown - Fig Central Breaks Ground

Los Angeles Downtown – Fig Central Breaks Ground

Posted February 25, 2015

In California, Commercial, development, investing, Los Angeles, net lease

The South Park mega billion dollar project, Fig Central, just broke ground on the 4.6 acre lot that’s adjacent to LA Live.

The project will have a five star Robert Cavalli hotel, luxury condos and 200,000 square feet of net leased Los Angeles retail space that will feature a covered open air shopping mall. The hotel will be gloriously gaudy according to its designer Robert Cavalli.

Renderings were just released on official site (via Building LA) and I’ll post a few of them here to add a little color to my post.

The hotel and 164 condos will be in the 49 story north tower, which will also feature a Cavalli Club similar to the one begun in Dubai and is also in MIami, Milan, and Ibiza. The two 40 story south towers will house 170 condos each with pool decks and sky lobbies in each.

The first two floors will be the open air mall with triple net retail and polished casual restaurants. Next up on floors 3 through 7 will be 990 parking spaces for residents and shoppers.

The entire building will be wrapped in a enormous 23,000 square foot LED sign to make South Park look a bit like Las Vegas

Net Lease, Net Leased Retail, NNN Property, Triple Net Retail

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