Plans To Build Two Towers In Downtown Los Angeles

Developer's plans to build towers near Los Angeles' Staples Center area fits in with the vision of turning downtown Los Angeles into a sports-entertainment hub.

1 minute read

August 23, 2006, 8:00 AM PDT

By Abhijeet Chavan @http://twitter.com/legalaidtech

"Efforts to make the Staples Center area of downtown Los Angeles a hub for housing, retail and entertainment got a boost Monday when a New York developer announced plans to build two condominium towers, shops and restaurants across the street from the arena. Moinian Group, one of the country's largest privately held real estate firms, said it paid $80 million for four acres at the corner of 11th and Figueroa streets and plans two residential towers of 45 stories and 33 stories with more than 700 units combined...The tourist-oriented "sports-entertainment" hub is slated to have a 54-story hotel and condo tower, 7,100-seat live performance theater, broadcast facilities, a 14-screen movie theater and nearly a dozen restaurants and clubs."

FULL STORY: Plans Build for Downtown L.A.

Monday, August 21, 2006 in The Los Angeles Times

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