Park Fifth

Following the progress of a Downtown mega-development.

Park Fifth Receives Final Approvals, Construction Loan

By Eric Richardson — June 26, 2008 — 11 Comments

Park 5th Model Dave Bullock

Downtown mega-development Park Fifth sent an excited email out to its mailing list today to say that all necessary city approvals were now final, having passed their appeal periods. The project is now fully entitled. — Continued Inside...


Park Fifth Public Benefits Approved, but TFAR Process Raises Questions

By Eric Richardson — April 24, 2008
10 Comments

Park 5th Model

Friday morning the board of the Community Redevelopment Agency approved the Public Benefits package for the Park Fifth project, a $17.7 million package that includes money for Pershing Square redevelopment, streetscape improvements, and $2.5 million each to the Downtown Women's Center and Skid Row Housing Trust. While the room on Friday was filled with speakers...


Park Fifth Quietly Moves Forward

By Eric Richardson — April 02, 2008 — 9 Comments

Park 5th Model Dave Bullock

While quiet lately, the massive Park Fifth development slated to rise north of Pershing Square continues to make forward progress. The project submitted its Supplemental Final Environmental Impact Report (EIR) to the Community Redevelopment Agency on March 31st.

A certified EIR would be a major milestone in the process of accumulating the approvals needed to commence construction. Two weeks previous the project also filed Vesting Tentative Tract and Zone Variance applications with the city's Planning Department. — Continued Inside...


A Peek Inside the Park Fifth Sales Center

By Dave Bullock and Eric Richardson — November 29, 2007
17 Comments

Park 5th Model

|Photo Gallery| The Park Fifth project is hosting a sneak peak tonight for its new sales center in the Gas Company Tower (it runs until 7pm if you're in the neighborhood). Though the office will be open by appointments only until the spring, most of the finishing touches are already in place. Even at 95% complete the sales center is a sight to behold. Downtowners will be...


Park Fifth Responds to Curbed's Reports of Its (Funding) Demise

By Eric Richardson — November 02, 2007
19 Comments

Yesterday Curbed posted a rumor that the Park Fifth project had lost its main investor and fired its sales staff and marketing director. While aspects of the post were true -- the project is restructuring some of its financing -- the fundamentals were simply incorrect. Park Fifth Project Director Rich Marr sent a reply over to Curbed rebutting their information...


Times Finds Out About Park Fifth

By Eric Richardson — May 07, 2007
17 Comments

The Downtown News was talking about the Park Fifth project two and a half weeks ago (and so were we), but the Times just got the story out today. It's mostly the same information, but take a look at the included render. I certainly don't recognize that tree-covered spot where Pershing Square should be. Update (Tuesday): A friend just pointed out a bit I...


When One Floor Doesn't Always Equal Another

By Eric Richardson — April 20, 2007
21 Comments

In their just-released issue the Downtown News talks up the big plans for Park Fifth, a massive development slated for the parking lot south of Metro 417. The project would contain close to 1,000 condos and an upscale hotel. In the article they speculate that the taller tower, at possibly 76 stories, could top out higher than Library Tower's 72 floors. At...