Residential developer Trumark Urban has started building a new 25-storey high-rise at 1050 S Grand in Downtown Los Angeles, US.
In January, the company secured $77m of non-recourse construction financing for the condominium from PCCP.
TEN50 tower will be built at the north-east corner of South Grand Avenue and 11th Street in South Park. It will feature 151 stylish residences, as well as resort-style amenities.
The complex will offer one and two-bedroom residences, single and two-storey penthouse units alongside a yoga garden, cabanas, pool, spa and fitness centre.
Trumark Urban managing director Arden Hearing and city officials released the building plans and large-scale renderings, and also revealed their plans to build a drone delivery landing dock.
Hearing said: "In a progressive move towards the future, Trumark Urban is including a landing pad for drone package deliveries.
"Downtown Los Angeles, which was recently called 'America's next great city', is in the midst of a renaissance. Trumark Urban is about to take it to the next level with TEN50."
Residential amenities also include indoor and outdoor lifestyle spaces such as a lounge, conference centre and pool deck, as well as private dining areas featuring green spaces, barbeque grills, fireplaces and screening rooms.
The sixth floor amenity deck will offer residents packages in a designated landing spot.
TEN50 is located close to the Orpheum Theater, Staples Center, LA Live, FIGat7th and the Los Angeles Convention Center and is surrounded by dining spots, entertainment and recreation facilities.
Construction on the tower is scheduled for completion by September 2016.
Image: Rendering of the proposed TEN50 tower. Photo: courtesy of PRNewsFoto/Trumark Urban.