Construction Restarts for Stalled DTLA Tower

One year after mysteriously stalling out, Los Angeles-based real estate firm CIM Group has restarted construction at 888 S. Hope Street, the future site of a high-rise apartment building in Downtown Los Angeles.

Real estate publication Bisnow reports that last week, crews from Suffolk Construction officially began site preparation for the 34-story tower, which will sit across the street from both Grand Hope Park and a Ralphs supermarket.  The project, now known as the Grand Hope Lofts, will include 526 residential units and approximately 6,200 square feet of ground-level commercial space.