MacFarlane Partners and The Peebles Corporation have advanced plans for Angels Landing, the $2bn twin-tower luxury hotel project in downtown Los Angeles’ Bunker Hill neighborhood in the US.
The project is set to bring more than 8,300 new jobs during its design and construction.
It includes two towers that will have their own five-star hotel. They will also feature a modern urban park, named Angels Landing Plaza.
These parks are designed to serve as a pedestrian-focused, transit-adjacent, open space environment in the region.
Angels Landing partners MacFarlane and Peebles will conceive, design, build and operate the towers. The partnership was chosen by Los Angeles City officials through a competitive bid process in 2017.
It is led by Victor MacFarlane of MacFarlane Partners and Donahue Peebles of The Peebles.
MacFarlane said: “We know Angels Landing will have a significant positive impact on Los Angeles’ economy. The ripple effect of Angels Landing’s substantial economic and employment activity will reverberate throughout Los Angeles County by providing good-paying union jobs to construct our hotel project and extensive career opportunities when the project is completed, and its hotels are open to the public.”
According to an analysis by BJH Advisors, the project is expected to bring in a $1.6bn boost to Los Angeles’ local economy.
It will also contribute $731m to local workers’ earnings during its construction.
Peebles said: “With Angels Landing, the transformative impact of empowerment and economic inclusion will be felt by an array of businesses, including Latino and Asian-owned businesses.
“We have committed to a goal of 30% M/WBE contracting across the board for our project. We’re raising the bar for economic inclusion for development projects in Los Angeles.”