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8th + Hope Receives Award of Merit for Best Mixed-Use Project at Gold Nugget Awards

Published on:
June 25, 2015

8th + Hope, a 22-story, 290-unit ultra-modern luxury glass high-rise in downtown Los Angeles, received an Award of Merit in the category of Best Mixed-Use Project during the 2015 Gold Nugget Awards, the nation’s oldest and most prestigious design awards, during a ceremony at PCBC, the largest homebuilding trade show representing the Western United States, on Thursday, June 25.

An integral and award-winning part of downtown revitalization in Los Angeles– which has seen a surge of commercial and residential development as well as entertainment venues in recent years—8th + Hope is one of the first post-recession high-rise apartment buildings to be built and listed for sale in the area. The .7-acre complex commanded more money per square foot than any previous sales for multifamily projects in downtown Los Angeles when Wood Partners sold it to Essex Property Trust for $200 million in 2015. The Los Angeles Business Journal and Los Angeles Downtown News have recognized 8th + Hope as an important part of downtown L.A. revitalization.