LOS ANGELES--(BUSINESS WIRE)--Last night, FMB Development and Build4You celebrated a ground breaking on a landmark mixed-use property in the heart of one of Southern California’s most exciting entertainment districts and growing residential communities. The event featured remarks from the CEOs of FMB Development and Build4You and a catered reception open to the neighborhood and local business community.
Located at 1317 Hope Street in Downtown Los Angeles’ South Park District—only blocks away from the L.A. Convention Center, Staples Center, L.A. Live and the Metro Blue Line Pico Station – the property boasts 7 stories, 38 units and four thousand square feet of ground floor commercial space.
“We are thrilled to be part of the effort to make this neighborhood in downtown Los Angeles a better place to live, work, and play,” said FMB CEO Ilan Kenig. “FMB recognizes that we are not just in the business of building housing or retail space, we are also in the business of building community. And we take that responsibility very seriously.”
The property will add to the neighborhood’s walkability, character, and retail offerings, while providing a boutique feel and high-end living amenities to residents. It will expand the residential community along the southwestern edge of Downtown surrounding Pico Boulevard. Tailored to meet the needs of the Downtown workforce, 1317 Hope Street features modern studio and one-bedroom apartments, along with two luxury penthouse suites, each with their own private rooftop decks.
Building partner Yossi Peretz added, “1317 Hope Street will stand out among other new developments in the area because of our commitment to only using the highest quality building materials and top-of-the-line finishes, creating a building that is both luxurious and iconic.”
Located in the Southwestern part of Downtown Los Angeles, South Park is a global hub for arts and culture that attracts visitors from around the world. In recent years, the area has built and grown a vibrant residential community. In line with their strategy to invest in prime Southern California real estate markets, FMB Development continues to pursue new opportunities in Downtown Los Angeles.
About FMB Development: FMB Development (FMBD) is one of Southern California’s most dynamic, community-oriented, and thoughtful developers of luxury residential real estate, focusing on prime locations spanning from Venice to Downtown Los Angeles. The company works in partnership with local communities to create luxury properties – ranging from single-family homes to multi-unit residential buildings to mixed-use developments – which contribute to vibrant neighborhoods and showcase the latest in contemporary design, unique artistic elements, and the highest quality materials and finishes. FMBD is a part of The FMB Group – a full-service network of real estate companies, which includes brokerage and financing services. Learn more at fmbdevelopment.com.