Mitsui Fudosan America and Lendlease Top Out 8th & Figueroa in Downtown Los Angeles

Mitsui Fudosan America (MFA), the U.S. subsidiary of Japan's largest real estate company, Mitsui Fudosan Co., Ltd., and Lendlease, a leading global real estate and investment group, announced today the topping-out of 8th & Figueroa. The 42-story apartment tower that MFA is developing in Downtown Los Angeles (DTLA) is the first collaboration between Lendlease and MFA in the United States.

Located in Los Angeles’ Financial District, the development is contributing to the area’s evolution into a live-work-play neighborhood – a shift that began with the redevelopment of FIGat7th, an open-air shopping mall adjacent to the site. 8th & Figueroa will continue this transformation with 438 studio, one- and two-bedroom apartments, as well as 7,500 square feet of ground-floor retail space. 

“Topping out 8th & Figueroa marks a significant milestone in Mitsui Fudosan America’s ongoing commitment to Downtown Los Angeles, starting with the development of 601 S. Figueroa in the early 1990s and extending to our plans to create 580 residential homes at 8th & Grand in the coming years,” said Stuart Morkun, Vice President, Development, at Mitsui Fudosan America. “We have had a strong collaboration with our partners, Lendlease, Johnson Fain Architects, HKS Architects and Rottet Studio, to bring this project to life. Having started in the depths of the pandemic, we are extremely grateful for the cooperation and efforts of all the workers, subcontractors and material suppliers that are making the project successful.”

Lendlease provided pre-construction services ahead of the development’s groundbreaking in 2020 and is providing construction management services for the tower. Completion is anticipated in late 2023. 

“Long before placing this final beam, our collaboration with MFA began with early conversations about how to bring the initial design concepts to fruition on this highly visible, infill site,” said Caleigh Raymer, Principal-in-Charge at Lendlease. “It’s been gratifying to see the transformation of a surface parking lot into a higher use, and we look forward to further shaping the DTLA skyline in the years ahead. I cannot express enough how collaborative MFA has been, not just as our client, but as a true building partner. Executing their vision for this project and community has truly been a one-of-a-kind experience.”

Designed by Johnson Fain Architects, the building features a brightly lit lobby with rich finishes designed to be inviting to residents and guests. The modern glass façade extends down over the parking podium, enhancing the pedestrian experience. Building interiors were designed by Rottet Studio and make use of a natural palette of materials including leather, wood and stone. HKS Architects served as architect of record.

The amenities at 8th & Figueroa include a resort-style pool, complete with private cabanas and set within lush gardens. Residents also have access to a community clubhouse, executive wellness center, resident lounge, collaboration spaces and a private dining space. Taking advantage of the views of the Hollywood Hills, Pacific Ocean and more, residents have access to multiple skydecks and a rooftop lounge.

According to the Los Angeles Economic Development Council, upon completion of the project, 8th & Figueroa will have created 3,950 jobs directly and 1,625 jobs indirectly, creating approximately $722 million in total economic output. 

###

About Mitsui Fudosan America
Mitsui Fudosan America, Inc. (MFA) is the U.S. subsidiary of Japan's largest real estate company, Mitsui Fudosan Co., Ltd., a publicly traded company with approximately $65 billion of assets. MFA is responsible for Mitsui Fudosan's real estate investment and development activities in North America, and is headquartered in New York City, with regional hubs in Washington DC, San Francisco, Los Angeles, Dallas and Honolulu. MFA has been active in the United States since the 1970s and currently owns assets in the New York City, Washington DC, Boston, Seattle, San Francisco, Los Angeles, Dallas, Hoboken, San Diego, Denver and Honolulu metropolitan areas. MFA’s U.S. portfolio includes approximately 5.6 million square feet of office space, 7.2 million square feet of office space under development, 2,000 residential apartments, and 5,300 additional rental units under development, as well as 741 hotel rooms. Additionally, MFA has recently developed several condominium projects in the New York and Washington DC markets.

About Lendlease
Lendlease (www.lendlease.com) is a leading global real estate and investment group with operations in Australia, Asia, Europe and the Americas. Our purpose is to create places where communities thrive. Headquartered in Sydney, Australia, and listed on the Australian Securities Exchange, Lendlease has approximately 7,700 employees internationally. Our core capabilities are reflected in our operating segments of Development, Construction and Investments. The combination of these three segments provides us with a sustainable competitive advantage and allows us to provide innovative integrated solutions for our customers.


For additional information, contact:
Matt Baker, (312) 267-4512, mbaker@taylorjohnson.com 
Abe Tekippe, (312) 267-4528, atekippe@taylorjohnson.com