City’s Economic Development Committee Approves Angel’s Landing Finalist

City’s Economic Development Committee Approves Angel’s Landing Finalist

The City’s Economic Development Committee approved The Peebles Corporation, MacFarlane Partners & Claridge Properties (Angel’s Landing Partners, LLC) as developer team for Angel’s Landing development adjacent to Angel’s Flight in Downtown’s Bunker Hill - site was state-owned and slated for development – City given permission to oversee proposals.


 

The Los Angeles City Council’s Economic and Development Committee unanimously approved Tuesday (3-0) the City’s recommendation of The Peebles Corporation, MacFarlane Partners & Claridge Properties architectural and design team (Angels Landing Partners, LLC) to develop the Angels Landing site in Downtown Los Angeles.

The City, through the Office of the Chief Legislative Analyst (CLA), sought Statements of Qualifications (SOQ) from well-qualified development teams for the acquisition and development of the 2.24-acre City-controlled parcel, which is adjacent to the newly reopened Angel’s Flight rail line. The City received 10 qualified responses, from which four finalists were invited to submit a Request for Proposal. Of those, three submitted proposals.

The proposals were solicited through a motion introduced by Councilmember José Huizar, who represents Downtown Los Angeles. Angels Landing Partners received the highest overall score of the three development teams who emerged as finalists. The City’s selection team, which consisted of representatives from various City departments and the business community, evaluated and scored the proposals.

“By overseeing the development of Angel’s Landing, the City of Los Angeles is doing all we can to maximize this development and make sure some of Downtown Los Angeles’ greatest needs, such as hotels, schools and open space, are included in this project,” said Councilmember Huizar. “I congratulate Angel’s Landing Partners on their selection and I thank all the finalists, the CLA’s office and the Selection Committee for their efforts. I look forward to the City Council’s approval and considerable public input as this project moves forward.”

Angels Landing Partners proposes to build a world-class mixed use development project consisting of two hotels, multifamily housing, condominiums, restaurant and retail spaces, open space and a K-5 public charter school.

Councilmember Huizar voted in favor of the City’s recommendation Tuesday as a member of the Economic Development Committee.

Some of the key tenant partnerships include SBE as the hotel operator with two complimentary brands, the SLS and Mondrian Hotels, and Los Angeles Academy of Arts and Enterprise as the public charter school operator. The project looks to provide community benefits in the form of affordable housing opportunities, business opportunities for Minority and Women Business Enterprises, an academic institution, and a hospitality training program.

“On behalf of our team and the development partners of MacFarlane Partners, Claridge Properties and The Peebles Corporation we are all honored and inspired by the confidence placed in us by the CLA’s office and the City's Selection Committee,” said Ricardo Pagan, principal with Claridge Properties. “We are excited by the opportunity to work with the City of Los Angeles, Councilmember Huizar's office, and the community to build a transformative complex that provides broad economic opportunities to all Angelenos, improve the quality of life for the neighborhood and enhance the Los Angeles skyline.”

The three finalists presented fully developed concepts for all components of the project to the Selection Committee and the public on Oct. 24, 2017. The other finalists who submitted developed concepts were: Lowe Enterprises, architect: Gensler Architects; and Onni Capital, LLC, architect: Natoma Architects.

The Los Angeles City Council will vote on the Angels Landing Partners, LLC, as the preferred developer forthe Angel’s Landing site at Wednesday’s City Council meeting.

 

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City’s Economic Development Committee Approves Angel’s Landing Finalist

The City’s Economic Development Committee approved The Peebles Corporation, MacFarlane Partners & Claridge Properties (Angel’s Landing Partners, LLC) as developer team for Angel’s Landing development adjacent to Angel’s Flight in Downtown’s Bunker Hill - site was state-owned and slated for development – City given permission to oversee proposals.


 

The Los Angeles City Council’s Economic and Development Committee unanimously approved Tuesday (3-0) the City’s recommendation of The Peebles Corporation, MacFarlane Partners & Claridge Properties architectural and design team (Angels Landing Partners, LLC) to develop the Angels Landing site in Downtown Los Angeles.

The City, through the Office of the Chief Legislative Analyst (CLA), sought Statements of Qualifications (SOQ) from well-qualified development teams for the acquisition and development of the 2.24-acre City-controlled parcel, which is adjacent to the newly reopened Angel’s Flight rail line. The City received 10 qualified responses, from which four finalists were invited to submit a Request for Proposal. Of those, three submitted proposals.

The proposals were solicited through a motion introduced by Councilmember José Huizar, who represents Downtown Los Angeles. Angels Landing Partners received the highest overall score of the three development teams who emerged as finalists. The City’s selection team, which consisted of representatives from various City departments and the business community, evaluated and scored the proposals.

“By overseeing the development of Angel’s Landing, the City of Los Angeles is doing all we can to maximize this development and make sure some of Downtown Los Angeles’ greatest needs, such as hotels, schools and open space, are included in this project,” said Councilmember Huizar. “I congratulate Angel’s Landing Partners on their selection and I thank all the finalists, the CLA’s office and the Selection Committee for their efforts. I look forward to the City Council’s approval and considerable public input as this project moves forward.”

Angels Landing Partners proposes to build a world-class mixed use development project consisting of two hotels, multifamily housing, condominiums, restaurant and retail spaces, open space and a K-5 public charter school.

Councilmember Huizar voted in favor of the City’s recommendation Tuesday as a member of the Economic Development Committee.

Some of the key tenant partnerships include SBE as the hotel operator with two complimentary brands, the SLS and Mondrian Hotels, and Los Angeles Academy of Arts and Enterprise as the public charter school operator. The project looks to provide community benefits in the form of affordable housing opportunities, business opportunities for Minority and Women Business Enterprises, an academic institution, and a hospitality training program.

“On behalf of our team and the development partners of MacFarlane Partners, Claridge Properties and The Peebles Corporation we are all honored and inspired by the confidence placed in us by the CLA’s office and the City's Selection Committee,” said Ricardo Pagan, principal with Claridge Properties. “We are excited by the opportunity to work with the City of Los Angeles, Councilmember Huizar's office, and the community to build a transformative complex that provides broad economic opportunities to all Angelenos, improve the quality of life for the neighborhood and enhance the Los Angeles skyline.”

The three finalists presented fully developed concepts for all components of the project to the Selection Committee and the public on Oct. 24, 2017. The other finalists who submitted developed concepts were: Lowe Enterprises, architect: Gensler Architects; and Onni Capital, LLC, architect: Natoma Architects.

The Los Angeles City Council will vote on the Angels Landing Partners, LLC, as the preferred developer forthe Angel’s Landing site at Wednesday’s City Council meeting.

 

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