Developers are planning an 11-story project at 1323-1331 South Flower Street, in downtown Los Angeles, California that will, include a 100 guest room hotel, 48-unit apartments and 12,676 square feet of commercial space. Architecture firm nKlosures designed the project, named The Element, which is less than a block from the Pico Metro station and the L.A. Convention Center. Developer Eliot Tishbi is building the project. Tishbi purchased the property in 2003 for $3 million. Tishbi is required to make a $2 million public benefit payment before the development can move forward, according to the notice from the planning department.
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