Urbanize LA first spotted the report, which affects the future of a site at the northwest corner of Fourth and Hill streets, bordered to the north by the Angels Flight funicular.
The three developers, who’ve partnered for the project under the banner Angels Landing Partners LLC, are one of three teams vying for a chance to build on the city -owned site.
In October, Angels Landing Partners presented a plan designed by Handel Architects that would fill the site with an 88-story skyscraper and a 24-story tower. Fill up those high-rises would be 500 SLS and Mondrian hotel rooms, 250 condos, open space, shops and restaurants, and a charter elementary school.
The project would also hold 400 apartment. Five percent—or 20 units—would be available to households making 80 to 120 percent of the area median income; that’s roughly $72,000 to $108,000 for a family of four.
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