Circa Opens to First Residents Just Steps From L.A. Live & STAPLES Center

$500 million luxury development soon to be home
to more than 1,000 people


LOS ANGELES–(BUSINESS WIRE)–Three years in the making, Circa
is now officially open with the first residents moving in. Located at
1200 South Figueroa Street, it is the crown jewel of downtown L.A.’s
South Park District, and a symbol of downtown L.A.’s resurgence. The
leasing office for the luxury apartment towers which overlook STAPLES
Center and L.A. Live has also been relocated on site.

After years of construction, it’s phenomenal to see our twin towers
come to life and redefine what it means to play, work and reside in the
South Park neighborhood,” said Scott Dobbins, president of Hankey
Investment Company, one of four investment entities that own 1200 Circa
LLC. “This is beyond just any mixed-use development; Circa embodies
luxury urban living to the fullest. It’s a city-within-a-city that will
become a focal point of downtown L.A. with its synergy of entertainment
and residential activity. Circa isn’t just an address, it’s a lifestyle.”

Built on 2.7 acres of prime downtown L.A. real estate, the two million
square-foot development boasts two 35-story towers spanning 648 luxury
residences built to “condo specifications” complete with opulent
European high-end finishes. Residences range from one and two-bedroom
units to three-bedroom penthouses. Unit sizes range from 600 square-foot
one bedrooms to 4,000 square foot penthouses. Rents range from
$3,000/month to $25,000/month. The residences begin on the amazing
eighth floor amenity deck already 100 feet in the air to penthouse units
topping out at 400 feet on the 35th floor. The majority of
the residences have balconies and the residences enjoy panoramic views
of downtown Los Angeles, the San Gabriel Mountains, the Pacific Ocean,
or overlooking the STAPLES Center.

We’ve had a great deal of leasing activity in just the past month,”
said Dobbins. “We already have one two-bedroom floor plan in the West
tower all leased. Three of the six 4,000 sq. ft. penthouses have been
leased. This all shows incredible demand for what we have created in the
high energy area across the street from L.A. Live and STAPLES.”

To accommodate a smooth move in process for what could be as many as
1,000 people, no more than four tenants move in each day in each tower.

Circa also includes 48,000 square-feet of prime retail space including
26,000 square-feet of restaurant space on the ground floor catering to
residents, locals and downtown Los Angeles visitors. Up to four
nationally-branded retailers and three restaurants will be located in
the mixed-use property. Spaces will range from 2,000 to 15,000
square-feet. Retailers will be located between Figueroa and Flower
streets and restaurants will be located on the 12th Street
Plaza. Retail tenants have not yet been announced. 2,000 parking spaces
for visitors and residents will be located on all seven floors of the
luxury apartment building’s base podium.

The luxury apartments allow residents to feel as if they were living in
their own “mini-city” and offer posh, resort-style living and
convenience. Residents can unwind in their own two-acre exquisitely
landscaped rooftop park, aptly named “Level 8,” floating 100 feet in the
air at the top of the development’s base podium. Resort rivaling
amenities include: two pools including a circular resort pool and a 75’
lap pool, two spas, private poolside cabanas, outdoor fireplaces and
firepits, strolling gardens to offer a respite from city life, outdoor
Viking BBQ’s with private open-air dining areas, two dog parks complete
with a pet owner’ lounge & grooming area, outdoor trellises with heating
and music, a STAPLES Center viewing deck with skyline views and much
more. For active residents, a state-of-the-art fitness center with
cycling studio and indoor/outdoor yoga and Pilates facilities adjacent
to the lap pool are also among the world-class amenities.

Additional luxe features include a clubhouse containing an indoor bar,
pool tables, a dozen event screens and an outdoor bar with a fireplace
and panoramic viewing area facing the action at L.A. Live and STAPLES
Center. Also included is a private chef’s kitchen and dining room, two
business centers, a ground floor bicycle depot and a library lounge and
tasting room. Capping off lavish living at Circa will be a concierge
service for all residences offering in-house services like dog walking,
laundry and grocery delivery unheard of in downtown L.A. rental
residences.

Vertical surfaces on Circa’s seven-story podium facing Figueroa Street
include 18,000 square feet of LED displays that span the length of a
city block to illuminate South Park and dazzle thousands of daily
visitors. In addition to the LED displays are 12,500 square-feet of
static display facing Flower Street. The displays showcase advertising
for national brands and combine luxury apartment living and retail with
a visually exciting experience that energizes the entire neighborhood.

Circa is a central hub for a sophisticated, urban, Los Angeles
lifestyle. The luxury building is conveniently situated by multiple
modes of transportation including Los Angeles Metro Lines: Expo Line and
Blue Line light rail connecting to Santa Monica, Culver City and Long
Beach. Those lines easily connect to the Red Line Subway providing quick
service to downtown destinations such as the Union Station. Circa also
provides easy access to freeways including 10 (Santa Monica), 110
(Harbor), and 101 (Hollywood) freeways.

Circa project consultants include AECOM Tishman, construction manager;
Harley Ellis Devereaux, lead architect; HansonLA, interior architect;
and LRM Landscape Architecture, landscape and streetscape design. The
other owners are Don Hankey of Hankey Investment Company LP, Dr David
Lee of Jamison Services, Inc., Shawn Zackary of Falcon California
Investments and W Scott Dobbins of Highlands Capital Inc.

For more information on Circa, please visit www.circaLA.com.

Photos of the interior and exterior along with photo credits can
be found
here.

About Hankey Investment Company

Hankey Investment Company LP (HIC), a member of the $3 billion Hankey
Group of Companies, is a private, opportunistic and active real estate
investment firm with a 30-year track record of investing in Southern
California real estate. Circa joins the HIC portfolio, which is
currently valued at over $450 million and includes over one million
square feet of commercial buildings and a half million square feet of
urban development land. www.hiclp.com.

About Jamison Services, Inc.

Jamison Services, Inc. is a privately managed company engaged in
ownership, management, development and acquisition of commercial real
estate. Headquartered in Los Angeles, California, it currently manages
and leases over 100 commercial buildings composed of about 22 million
square feet. With a market capitalization over $3 billion, Jamison
Services, Inc. continues to expand by actively pursuing commercial real
estate in the Los Angeles market and currently has over 3,000
residential units in its development pipeline. For more information,
please visit www.jamisonservices.com.

Contacts

The Hoyt Organization
310-373-0103
Leeza Hoyt, llhoyt@hoytorg.com
Farida
Waquar, farida@hoytorg.com

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