How High the Sky? 750 More Condos Downtown

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LA Downtown News is reporting that developer David Houk hopes to break ground in October on what would be the tallest building in LA, in fact the tallest building west of the Mississippi. The condo and hotel project, dubbed Park Fifth, would be up to 76 stories, with up to 750 condos. Downtown News calls it a ‘quiet giant of a project’ located in the block bounded by Fifth, Olive and Hill. You tell me: is it critical mass for downtown living, or foolish overbuilding into a glutted market? (I suppose it could be neither, but what fun would that be?) Thoughts? Insights? Comments? Use the comment button or send story tips to lalandblog@yahoo.com.