The project spans a 10-acre site along the western flank of the Harbor Freeway that was previously developed with a Bank of America data center. Plans call for sprawling array of interconnected seven-story buildings featuring over 1,500 rental apartments, 30,000 square feet of ground-floor commercial space, and parking for more than 2,600 vehicles.
Ferrante is scheduled to open in 2020, according to the G.H. Palmer Associates website.
The project is the latest and largest in Palmer's collection of Italian-inspired apartment complexes bordering the Harbor Freeway, following Da Vinci, Lorenzo, Medici, Orsini, Piero, and Visconti. The so-called Renaissance Collection will comprise more than 5,000 residential units upon the completion of Ferrante.
Palmer's eighth Downtown development, Broadway Palace, is designed in a fashion more similar to the historic office buildings that line the street from which the project takes its name.
Though Ferrante is the largest multifamily residential building now underway in the City of Los Angeles, it is not the only ground-up in Downtown's City West neighborhood. Just west across Beaudry Avenue, LaTerra Development has broken ground on an eight-story apartment building consisting of 53 rental units.
- Ferrante (Urbanize LA)