Crown Group to build $500m mixed-use condominium and hotel tower in US

Crown

April 22, 2020 – Australian residential developer Crown Group has unveiled plans to build $5500m mixed-use high-rise condominium and hotel tower in Downtown Los Angeles, California in the US.

 

Planned for completion in 2024, the new condominium and hotel tower will be built at the southeast corner of South Hill and 11th streets at the convergence of Downtown’s financial, fashion and South Park districts.

 

To deliver the project, Crown Group has formed a joint venture with a Singapore-based Magnus Property and Indonesia’s property developer ASRI.

 

The 43-storey tower, which will be designed by Koichi Takada Architects, will feature 319 condominiums with an exclusive residents’ retreat over the top two floors.

 

For the lower levels of the building, Crown Group is negotiating with luxury hotel brands to incorporate a 160-key hotel set.

 

Crown Group, in a statement, said: “A dramatic street canopy will ground the tower and incorporate a “breathing green wall”, designed to improve the city’s air quality and introduce a unique landscaping feature to the Downtown streetscape.”

 

Crown Group US development head Patrick Caruso said that the development would offer buyers in Downtown LA an appealing point of difference as well as bring a new version of condominium living to the district.

 

Caruso added: “We anticipate that this new mixed-used development, which will offer attainable luxury living with never before seen facilities including an exclusive rooftop residents’ retreat, collocated with a quality branded hotel will be very well received by those looking for a new condominium.

 

“It’s clear buyers are seeking more diverse offerings, so our fresh and unique Australian approach of functional resort style-living melded with sophisticated architectural design will fill a significant gap in the market.”

Source:- https://www.worldconstructionnetwork.com/news/crown-group-to-build-500m-mixed-use-condominium-and-hotel-tower-in-us/

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