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Located immediately adjacent to the Eastern Columbia Building on the northeast corner of 9th and Hill, a water-color rendering has been released for a new ground-up development to replace a current surface parking lot.

The more curious among us may count 21 or 22 stories in the proposed Fashion District residential building, though just trying gives me a headache. We can say with precision, however, that the tower is 240 feet high and will contain 158 live-work condominium units, 4,880 square-feet of retail and 245 parking spaces.

The Kor Group project at 850 S. Hill Street, designed by Nadel Architects, has been in the works since 2006, way back before the mortgage mess reached current proportions.

Think it’ll break ground anytime soon? We’ve contacted the developers for their take on the real estate market, and we’ll let you know as soon as we hear back.

Update (1/30/2008): Nadel Architects states that the project is currently on hold. No further details are available.

-eastern columbia welcomes first retail tenant
-kor group planning a new lounge in south park
-1500 figueroa quietly advances

Check out these related posts:

1. kor group bails on chinatown lofts project
2. herald examiner project on hold pending market turnaround
3. kor group planning a new lounge in south park
4. don’t forget to come ‘hideout’ this weekend!