Los Angeles has 67 multifamily residential units under construction for a total of 22,435 units, and while most of them are seven stories or more, nearly a third reach for the sky. The tallest so far, a 50-story project, is under construction is at 820 S. Olive St., but the Metropolis project is planning a 54-story condominium tower. Beijing-based developer Oceanwide is working on the $1 billion Fig Central, which will include a 49-story residential tower and two 40-story towers.
After weeks of uncertainty, developer John Hynes III and Vornado Realty Trust secured financing to build a 1.25-million-square-foot mixed-used project in Boston. The $650 million Filene's project will include shops, condominiums, a hotel and offices in the historic department store building and a new 38-story tower. Construction is scheduled for completion in July 2011.
The New York office of OMA is set to develop a new mixed-use tower in downtown Louisville, Ky., bringing big changes to the city's skyline. The project, which could be at least 20 stories, will include a 40,000-square-foot contemporary art museum, office space, condominiums, retail space and student housing.
Two construction projects in Lexington, Ky., may herald a return to downtown living. Other downtown building projects in the works include upscale apartments and townhouses on the site of a United Tobacco Warehouse and a $15 million plan for a mixed-use project across from the Lexington Center.