Metropolis Nearing Completion as a Fully Mixed-Use Community

Joining the Hotel Indigo and For-Sale Residences Are New Retail, For-Lease Residences and Expanded Amenities
Metropolis

October 30, 2019— Metropolis, the $1 billion landmark in Downtown Los Angeles, is nearing final completion as one of the largest mixed-use communities in the western United States. Along with the current, 18-story Hotel Indigo (by IHG Hotels) and the condominium residences of Towers I and II (38 and 40 stories), the final 56-story Tower III will open soon as Thea at Metropolis. Metropolis first emerged as a master planned development in the 1990’s. Greenland USA purchased the site in early 2014 and further developed the master plan which opened its first phase in first half of 2017.

“Redefining the Los Angeles skyline, Metropolis has arrived as a thriving mixed-use community in the heart of Downtown Los Angeles,” said Greenland Vice President of Sales & Marketing Kimberly Lucero. “With all four towers boasting resort-style amenities, and vibrant, street-level retail, our residents and guests will enjoy a walkable community right outside their door.”

Metropolis is also soon to announce new retail tenants leasing from its 70,000-square feet of street-level retail. The completion of the community comes as new models are unveiled in both Tower I and Tower II.

Centered in Downtown’s Financial District and one block away from L.A. LIVE and 7th & Fig, the 6.3-acre Metropolis is located conveniently to work and play. Connecting James M. Wood Boulevard and West Eighth on Francisco Street, Metropolis is walkable to popular DTLA destinations and easily accessible to all of Los Angeles. With its four Gensler- and HED-designed designed high-rises, dramatic views, sweeping outdoor amenities, attractive facades and pedestrian accessibility, Metropolis is the most desirable mixed-use community in DTLA.

Metropolis Tower I opened in 2017 and features 308 residences across 38 floors. It offers 60 studio residences, 180 one-bedroom residences, 60 two-bedroom Residences square footages range from 526 to 1,720, and 8 two/three-bedroom penthouses ranging up to 3,534 square feet. The high-rise homes have towering windows to maximize light, space and views. The largest Tower I residences have corner locations with southwest- and northwest-facing views, including Downtown, greater L.A. and the Hollywood Hills. Versatile floor plans feature gracious master suites and both two and two-and-a-half bath options.

Metropolis Tower II opened in 2018 and features 514 residences, some with balconies and terraces up to 617 square feet. Residences include studios, one-bedrooms and two-bedrooms with square footages ranging from 482 to 1,431. The largest floorplan includes a spacious master suite and two-and-a-half baths. A signature amenity (shared with Tower III) is the 67,500 square foot outdoor Skypark complete with a heated pool, cabanas, garden pavilion, kids play area, dog park, and more.
Metropolis Tower III features 685 for-lease residences across 56 floors, some with balconies and terraces. The tower is fully amenitized and like Towers I and II, it comes with 24/7 lobby ambassadors. Temporary certificate of occupancy is expected this year and the first residents will be welcomed in Winter 2019/2020.

Metropolis is designed to energize and support the local economy. Not only does Metropolis help meet the local need for more housing, but the project has also provided a significant amount of local employment opportunities as well. At peak, it comprised of more than 1,700 union workers daily and, over the course of the development, will have created more than 35,000 full-time equivalent jobs.

Greenland USA is a leading developer of residential and commercial properties that transforms communities and is committed to the long-term health and vibrancy of the communities it serves. Greenland USA leverages its extensive international track record, commitment to design innovation, quality and efficiency and its local market expertise to bring landmark properties to fruition. It is currently developing the $1+ billion Metropolis project in Los Angeles and the $6+ billion Pacific Park project in Brooklyn. Established in 2013, Greenland USA is a subsidiary of Greenland Group, which is publicly traded on the Shanghai Stock Exchange (SSE) and ranked 202nd among the Fortune Global 500 in 2019.

Categories
CommercialDealsDevelopmentLos AngelesMixed UseNationalWest

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