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Forest City to develop residential tower in Los Angeles

Forest City Realty Trust Inc. is planning to construct a 27-story residential tower at 949 South Hope St. in Los Angeles, Curbed reported.

The 236-unit development will replace an existing three-story structure with apartments and offices on the site across the street from Grand Hope Park, the report added, citing the developer's plans, which it will present to the Downtown Los Angeles Neighborhood Council’s Planning and Land Use Committee in January 2018.

The project will also feature a number of amenities along with retail and street-level restaurant space.

The developer is yet to finalize the project's construction timeline, and it is unclear whether the units will be apartments or condominiums, the report noted.