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April 19, 2024
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MULTIFAMILY NEWS
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Third Res Tower at Metropolis Development in DTLA Set to Open Soon

11/01/19

Metropolis, the $1 bil landmark development in Downtown Los Angeles, is nearing final completion as one of the largest mixed-use communities in the western United States. Along with the current, 18-story Hotel Indigo (by IHG Hotels) and the condominium residences of Towers I and II (38 and 40 stories), the final 56-story Tower III will open soon as Thea at Metropolis.

Metropolis first emerged as a master-planned development in the 1990’s. Greenland USA purchased the site in early 2014 and further developed the master plan which opened its first phase in first half of 2017.

Metropolis is also soon to announce new retail tenants leasing from its 70k sf of street-level retail. The completion of the community comes as new models are unveiled in both Tower I and Tower II.

Thea at Metropolis will constitute some of the most upscale for-lease residences in DTLA. The diversification of uses of Metropolis – hotel, for-sale condominium, for-lease residences and retail – signifies Greenland USA’s long term commitment to Los Angeles.

Centered in Downtown’s Financial District and one block away from L.A. LIVE and 7th & Fig, the 6.3-acre Metropolis is located conveniently to work and play. Connecting James M. Wood Blvd and West Eighth on Francisco St, Metropolis is walkable to popular DTLA destinations and easily accessible to all of Los Angeles. Metropolis’ four Gensler- and HED-designed designed high-rises offer dramatic views, sweeping outdoor amenities, attractive facades and pedestrian accessibility.

Metropolis Tower I opened in 2017 and features 308 residences across 38 floors. It offers 60 studio residences, 180 one-bedroom residences and 60 two-bedroom residences ranging in size from 526 sf to 1.7k sf, along with eight two/three-bedroom penthouses ranging up to 3.5k sf in size. The high-rise homes have towering windows to maximize light, space and views. The largest Tower I residences have corner locations with southwest- and northwest-facing views, including Downtown, greater L.A. and the Hollywood Hills. Versatile floor plans feature gracious master suites and both two and two-and-a-half bath options.

Metropolis Tower II opened in 2018 and features 514 residences, some with balconies and terraces up to 617 sf in size. Residences include studios, one-bedrooms and two-bedrooms with square footages ranging from 482 sf to 1.4k sf. The largest floorplan includes a spacious master suite and two-and-a-half baths. A signature amenity (shared with Tower III) is the 67.5k sf outdoor Skypark complete with a heated pool, cabanas, garden pavilion, kids play area, dog park, and more.

Metropolis Tower III features 685 for-lease residences across 56 floors, some with balconies and terraces. The tower is fully amenitized and, like Towers I and II, it comes with 24/7 lobby ambassadors. Temporary certificate of occupancy is expected this year and the first residents will be welcomed in Winter 2019/2020.






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