The condominium tower opened its doors to its first homeowners as the first residential highrise to be built in the historic Theatre District in over a century. For nearly two decades, the renaissance of Downtown Los Angeles has unfolded new vitality and possibilities of the city.
And with the heralded Bringing Back Broadway vision plan, Perla’s location at Broadway and 4th Street is the epicenter of that renaissance. Revitalizing the Historic Broadway corridor, this highly anticipated initiative includes over one million square feet of vacant retail and historic theaters that will be restored.
Perla is also only highrise of this scale (35 floors) on Downtown Los Angeles’ Broadway Corridor. The new landmark provides a vital opportunity for housing in DTLA and is likely to be the only large building on the historic street for years to come.
Intersecting Fourth Street (400 South Broadway), the 35 stories of Perla offer 450 residences. Extensive amenities include large rooftop decks with sweeping views and a prime location in the heart of DTLA. The budget for development is roughly $320 million, including the cost of the land acquisition.
It is the first ground-up development in California for developer SCG America. An international team of developers, contractors, architects, interior designers and art consultants have opened Perla on Broadway in Downtown Los Angeles.
In addition to the developer Shanghai Construction Group (SCG), based in New York City, the team includes Hirsch Bedner Associates (HBA) for interior design and Studio-MLA as landscade architect. Source and images Courtesy of JSPR Public Relations.