Evo Breaks Ground in Downtown Los Angeles
Oct 27, 2005
portland, or – Evo, the third of The South Group’s triad of South Park condominium projects—the first new ground-up residential buildings in downtown Los Angeles in 20 years—has broken ground, and is set for completion late 2007.
The elegant urban condos will be located at 1050 S. Grand Street, and along with The South Group’s Elleven and Luma, form the first phase of South Park’s new “South” community. Elleven and Luma sold out within hours of their release and demonstrate the demand and popularity of new downtown development.
“South” is part of The South Group’s commitment to creating a neighborhood within a neighborhood. An important mix of uses—retail and residential—creates density and a vibrant, 24-hour neighborhood that incorporates green space, areas for community gatherings, along with quiet retreats and pathways. Plans are also underway for a park and additional residential buildings nearby.
The refined, modern 23 story building, featuring a rooftop viewing deck for panoramic views of L.A., will house 311 condos with five two-story live+work units planned as well. Floor plans range from 730 to 3,500 square feet. Additional amenities include:
- Hardwood floors and wood cabinetry; stainless steel appliances, stone slab kitchen countertops, designer fixtures
- Decks and Juliet balconies, large walk-in closets, ceiling heights to 11 ft.
- Three levels of secured underground parking
- Concierge service, 24/7
- Fully WiFi
- Fifth floor open roof terrace plaza, with lap pool
- Bicycle storage facility
- Recycling center
Situated just two blocks from Staples Center and AEG’s Sports and Entertainment District, Evo will be easily accessible to L.A.’s vibrant arts and cultural activities. A beautifully landscaped urban park is in the planning stages, to be financed, developed and maintained by The South Group for the entire community. Gardens, quiet retreats and pathways will provide residents with the best of leisure—along with the allure of downtown activity.
Evo will incorporate sustainable materials; energy-efficient construction techniques and amenities are expected to earn a LEED (Leadership in Energy & Environmental Design) certification from the U. S. Green Building Council.
The South Group’s renowned development team include: GBD Architects, Inc., and TVA Architects, Inc.—a joint venture; Sage Advisors, Piper Rudnick, The Mobility Group, KPFF, Ken Resizes and Ahbe Landscape Architects. Financial backing for Evo has been provided by Lehman Brothers.
About The South Group
The South Group is the leading developer of new condominium projects in downtown Los Angeles, with more than 1,700 housing units planned or underway. The properties continue The South Group’s goal of using an organic approach to urban transformation, collaborating with public and private partners to create neighborhoods that blend quality housing, vibrant street life and new business opportunities.
The South Group brings together two Portland, Oregon-based developers, Williams & Dame and Gerding Edlen, and is distinguished by its history of innovative, smart growth, environmentally friendly, high-density neighborhood developments. Evo will take its place in The South Group plans for an area of the South Park neighborhood, to be known simply as South.
The South Group’s overall goal is to create a mixed-use, environmentally sustainable, pedestrian-oriented, eclectic and compelling South Park neighborhood, with an atmosphere that engages the street to create a neighborhood rather than a series of developments.
Williams & Dame’s leaders, Homer Williams and Dike Dame, represent over 70 years of collective real estate experience. The firm uses an organic approach to urban transformation, collaborating with public and private partners to create unique neighborhoods that blend quality housing, vibrant street life and new business opportunities.
Gerding Edlen is a leading real estate investment, development and asset and property management firm recognized for its expertise in creating and owning highly sustainable, urban infill, office, residential and mixed-use properties. Founded in 1996, the firm engages a socially responsible approach to real estate by cultivating properties that strengthen communities, minimize impact on the environment and add profound value to residents and tenants. Gerding Edlen’s efforts are guided by a set of criteria, known as the Principles of Place, where community plays a pivotal role alongside design, technology and sustainability in the success of their properties. Gerding Edlen’s development entity is a recognized national leader of sustainable development, which includes more than 75 LEED certified or certified pending properties.