New 43-Story Tower Approved for Downtown

A new mixed use tower to across the street from the LA Convention Center was approved today by City Council. It will be New York City-based architect Daniel Libeskind's first for Los Angeles and the savvy architectural readers at Curbed LA are mostly giving a thumbs up. The building, located at 1340 S Figueroa Street, will include " include 273 residential units stacked atop an eight-level podium, restaurants and a spa," according to the LA Times.

The building is funded by CA Human Technologies, a conglomeration of two Korean firms. Over a 7th and Figueroa, another Korean owned development is on the drawing boards. If it goes through, the $1 billion development would replace the Wilshire Grand Hotel with two buildings--a 60-story and a 40-story--that will house a hotel, residences and commercial units.