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Monday, May 23, 2022

CRE Awards 2020: Macfarlane Partners’ Iconic Park Fifth Now Graces the Downtown Los Angeles Skyline

Park Fifth, adjacent to Trademark which is also developed by MacFarlane Partners, is the newest luxury addition to Downtown Los Angeles. As Downtown continues to evolve as a thriving center within Los Angeles, Park Fifth, a 24-story high-rise building overlooking Pershing Square, offers an ideal location with its proximity to public transit and the local major office employers.

Situated at 427 W. 5th Street, Park Fifth consists of 347 rental apartments and 5,300 square feet of retail space. Ankrom Moisan, both the architect and interior designer of the cosmopolitan residence, led the creative team that created a 360-degree-view rooftop deck with an infinity-edge pool and cabanas; a fitness center; and a clubhouse with a bar/kitchen, TVs, ample seating and a business center. Amenities also include resident concierge services; a controlled-access bike storage and repair area; and a dog walk and washing station. Park Fifth embodies a high-end hospitality feel, creating a quiet and peaceful place in the middle of urban Los Angeles.

Suffolk Construction, utilizing their “build smart” approach, provided construction management services for Park Fifth. The project is LEED-Silver certified.

Park Fifth’s high-end amenities address what today’s urban residents demand – alongside retail options. 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.

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