San Francisco-based Trumark Urban has begun construction this month on a 25-story high-rise condo tower in Downtown Los Angeles, representing the first such condominium project to be completed in the neighborhood in the past 10 years. Dubbed TEN50, the development will boast 151 stylish residences, with three subterranean levels for parking, and about 5,000 sq-ft of retail and restaurants that will wrap around the base of the tower.
The building will also have a unique drone delivery landing dock on the sixth floor, where residents will be able to receive packages in a designated landing spot.
Arden Hearing, Trumark's managing director, said in a recent news release that Downtown Los Angeles is in the midst of a renaissance and "Trumark Urban is about to take it to the next level" with TEN50. "This future-forward high-rise is going to exude style and sophistication," he said.
TEN50 is located near Staple Center, at the northeast corner of South Grand Avenue and 11th Street in South Park. It sits on a site originally planned for a project called The Glass Tower, which was halted when the recession hit. Trumark purchased the site last year and will spend somewhere in neighborhood of $100 million build the new condo tower, which is already entitled.
Designed by Los Angeles-based Hanson LA architects, the contemporary-styled building will include resort-style amenities, and will offer one- and two-bedroom residences along with penthouses. Residents will have access to elegant indoor and outdoor lifestyle spaces such as a lounge, conference center and pool deck, as well as private dining areas with green spaces, barbeque grills, fireplaces, screening rooms.
On the sixth floor amenity deck, the development will offer a yoga garden, cabanas, pool, spa, and fitness center.
The structure's massing will be a simple rectangle, except at the corner where over sized stacked glass cubes will "reflect the energy of the urban environment and provide the appropriate scale for Grand Ave," says Hanson LA's website.
Construction is scheduled for completion by September 2016.