{"id":1004123935,"date":"2015-07-24T05:48:19","date_gmt":"2015-07-24T13:48:19","guid":{"rendered":"https:\/\/synd.yardi.com\/?p=355964"},"modified":"2022-03-04T02:30:42","modified_gmt":"2022-03-04T10:30:42","slug":"macfarlane-looks-for-partners-at-park-fifth","status":"publish","type":"post","link":"https:\/\/www.commercialsearch.com\/news\/macfarlane-looks-for-partners-at-park-fifth\/","title":{"rendered":"MacFarlane Looks For Partners at Park Fifth"},"content":{"rendered":"

By Alex Girda, Associate Editor<\/em><\/p>\n

A major mixed-use development project is on the market for financiers. MacFarlane Partners<\/a> is the developer in charge of Park Fifth, and is currently looking for a deal involving either a presale or joint venture opportunity for the project.<\/p>\n

MacFarlane\u2019s offering gives a potential investor the chance to become part of a large downtown L.A. mixed-use community. The company tasked CBRE Capital Markets\u2019 Institutional Properties team members Curtis Palmer and Ted Fentin to market the assignment.<\/p>\n

\"Park<\/a><\/p>\n

Park Fifth Project<\/p>\n<\/div>\n

Slated to take shape at the corner of 5th <\/sup>Street and South Olive Street in the proximity of Pershing Square Park and the Gas Company Tower, Park Fifth will occupy a 2.3-acre site. When completed, the $400 million project will total 660 rental units, as well as 12,000 square feet of retail space.<\/p>\n

Residents will benefit from an amenity package that includes a 14,000-square-foot courtyard, floor-to-ceiling windows, private balconies, dog walks, fitness center, rooftop terraces, and multiple lounge areas and pools. A parking facility accommodating up to 695 vehicles is also planned at the site.<\/p>\n","protected":false},"excerpt":{"rendered":"

A major mixed-use development project is on the market for financiers. MacFarlane Partners is the developer in charge of Park Fifth, and is currently looking for a deal involving either a presale or joint venture opportunity for the project.<\/p>\n","protected":false},"author":41,"featured_media":0,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[1594,21742],"tags":[],"class_list":["post-1004123935","post","type-post","status-publish","format-standard","hentry","category-los-angeles","category-latest"],"acf":[],"yoast_head":"\nMacFarlane Looks For Partners at Park Fifth - Commercial Property Executive<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.commercialsearch.com\/news\/macfarlane-looks-for-partners-at-park-fifth\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"MacFarlane Looks For Partners at Park Fifth\" \/>\n<meta property=\"og:description\" content=\"A major mixed-use development project is on the market for financiers. 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