Angels Landing Partners LLC, a 100 percent minority-owned team comprised of the Peebles Corporation, MacFarlane Partners and Claridge Properties, has been selected by the City Council of the City of Los Angeles, CA to manage development of the coveted Angels Landing Site, and will build the tallest residential building on the West Coast.
Following a unanimous approval from the City of Los Angeles Economic Development Committee, the full City Council approved the approach by the team to develop the 2.24-acre site at Fourth and Hill Streets. The estimated budget, including acquisition, is $1.2 billion with a construction phase expected to run for 41 months with completion due in late 2024.
The winning plan boasts a residential building standing at 1,000 feet, and will deliver approximately:
- 425 apartments, including affordable housing units
- 250 condominiums
- Nearly 45,000 SF of restaurant and retail space
- 50,000 SF of publicly accessible open space, including a 25,000 SF central outdoor gathering space for year-round events called “Angels Terrace”
The design team is led by Handel Architects and OLIN, two global design firms recognized for their excellence and distinguished projects.
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