DTLA LIFE MAG #3 | MARCH 2014 | Page 22

THE HISTORIC CORE GETS TALLER ! SPRING STREET APARTMENT TOWER / STATIONER’S BUILDING Downtown Management continues to move forward with its plan for a 40 story tower in the center of the most densely populated area of the historic core. Currently a parking lot on Spring Street between the Spring Arcade Building (another of Downtown Management’s apartment buildings) the new tower will feature 6 stories of parking and a ground floor for retail. There will be modern amenities and balconies for these new residential units. ! ! ! FOURTH AND BROADWAY TOWER Izek Shomof a known developer in the historic core is taking on his first ground-up project with the planned 36 story residential tower located on Fourth and Broadway. The building is planned for 400 units and residential parking and would take the place of a previous single-story retail store. Designs, bud- get and ground breaking details are expected to be announced soon.