$1-billion project is set to have three high-rises containing a variety of uses, including luxury condos, a five-star hotel, and 200,000 square feet of commercial space that will feature a covered, open-air shopping mall. 183-room hotel and 164 condos will be in the 49-story North Tower, which will also have another Cavalli venture inside—Cavalli Club.
They also show an expansive outdoor green space for residents that will sit above the retail and commercial component of the project and include a dog park, playground, and jogging track. Not impressed yet? Developers Oceanwide Holdings Company are wrapping the whole thing in an enormous LED ribbon sign measuring more than 32,000 square feet. The great heights of this towering development will alter not only street life on Figueroa, but also the physical skyline.
Fig Central’s website says that condos are expected to hit the market in 2017, and the rest of the project should open in 2018.