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7/21/15
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Here’s an opportunity to participate in a major mixed-use development project in downtown Los Angeles, as MacFarlane Partners is offering a presale and/or joint venture opportunity for Park Fifth, for $400 mil.
Park Fifth will consist of 660 apartment homes in a 24-story high-rise and adjacent seven-story mid-rise building; along with approximately 12k sf of retail space, and 695 parking spaces. Residential amenities include a 14k sf courtyard, floor-to-ceiling windows, private balconies, dog walks, fitness center, rooftop terraces, and multiple lounge areas and pools.
The project is centrally located in Downtown LA, on the corner of 5th and South Olive streets, adjacent to Pershing Square Park. Park Fifth boasts a Walk Score of 98 and a Transit Score of 100 due in part to its proximity to the 10, 110 and 101 freeways.
To learn more, contact CBRE. The assignment is being marketed by Curtis Palmer and Ted Fentin of CBRE’s Beverly Hills office and members of CBRE Capital Markets’ Institutional Properties team.
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