Park Fifth Tower 2, a 24-story high-rise building, and the adjacent Trademark, a seven-story mid-rise building in overlooking Pershing Square in Downtown Los Angeles, has been completed according to MacFarlane Partners, a real estate investment manager and developer who worked on the project in a joint venture with Bouwinvest Real Estate Investors.
Suffolk Construction provided construction management services for Park Fifth, and Bernards was the construction manager for Trademark. Situated at 427 West 5th Street, Park Fifth consists of 347 rental apartments and 5,300 square feet (490 square meters) of retail space. Trademark houses 313 rental apartments and 7,500 square feet (700 square meters) of ground-floor retail space. The project is LEED-Silver certified.
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Designed by Ankrom Moisan Architects, amenities at Park Fifth include a 360-degree-view rooftop deck, an infinity-edge pool, a fitness center, a clubhouse, a business center, resident concierge services, controlled-access bike storage, and repair area, as well as a dog walk and washing station.
“Suffolk is excited and proud of its contributions to the completed Park Fifth project in downtown Los Angeles and the historic Pershing Square community,” said Tom Donohue, President and General Manager, Suffolk Southern California.
“The revitalization and development of the area are so important, and we’re thrilled to have played a vital part, delivering a high-quality, innovative project utilizing our ‘build smart’ approach,” added Donohue.
The two buildings are located across West 5th Street from the Pershing Square Metro Station, which provides commuters with underground rail access to points throughout Los Angeles. The building is around the corner from the planned route of Downtown’s restored, historic streetcar line. Pershing Square, one of the largest public spaces in Downtown Los Angeles, lies directly south of the project, while Grand Central Market, a historic food hall and major local attraction, is on the next block to the north.
“As Downtown continues to evolve as a thriving center within Los Angeles, Park Fifth and Trademark offer an ideal location with its proximity to public transit and the major office employers of DTLA,” said Victor B. MacFarlane, chair, and chief executive officer of MacFarlane Partners.
“Ankrom Moisan has worked on several design projects with MacFarlane Partners and Park Fifth and Trademark are living proof of those collaborations,” said Dave Heater, the firm’s president. “We are very proud of this work and the overall design contribution we are making to DTLA.”
When designing the buildings, Ankrom Moisan looked at the development not as two separate projects but rather as a whole, crafting unique experiences within each building that continue to relate to one another. Adjacent to historic buildings and on the site of the former Los Angeles Philharmonic, Trademark pays homage to the Art Deco era through clean lines with a modern twist. The two are connected both visually and physically through a shared parking garage.
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