Australia-based Crown Group has plans to enter the U.S. market, specifically the Los Angeles market.
The developer bought a site at 1111 Hill St. in Downtown Los Angeles to develop a 43-story mixed-use condominium with 319 units and 160-room hotel tower. The top floors will be an exclusive residents’ retreat, with indoor and outdoor dining and entertainment facilities including a garden. A restaurant, bar and swimming pool for hotel guests and residents will sit on the eighth floor on a deck outside the main tower. The first floor also will have a restaurant. The lower seven floors will be wrapped by a “breathing green wall” of plants.
The project at 1111 Hill Street is expected to be completed in 2024.
The development joint venture includes Singapore-based Magnus Property and Indonesia-based ASRI, the premium lifestyle brands division of Agung Sedayu Group.
