California CRE News In Your Inbox.

Sign up for Connect emails to stay informed with CRE stories that are 150 words or less.

Sub Markets

Property Sectors


California  + Hospitality  | 

Australian Developer Buys DTLA Site for 43-Story MXU Tower; First Project in U.S.

Australian residential developer Crown Group is making its first move into the U.S. It bought a site at 1111 Hill St. in DTLA where it plans to develop a 43-story mixed-use condominium and hotel tower.

The tower’s inspirational design by world-renowned Koichi Takada Architects will embody Crown’s philosophy of melding inspired architecture with a futuristic vision of a new way of living. The developer is pursuing entitlements for the proposed tower, that is expected to deliver in 2024.

The tower will comprise 319 condominiums with an exclusive residents’ retreat over the top two floors and a façade design that references California’s gigantic ancient redwood trees. Crown is looking to bring a luxury hotel brand to operate a 160-key hotel. A dramatic street canopy is planned with a “breathing green wall,” designed to improve air quality and introduce a unique landscaping feature to the streetscape.

The development JV includes Singapore-based Magnus Property Pte Ltd and Indonesia’s ASRI, the premium lifestyle brands division of Agung Sedayu Group.

Get CRE News in 150 words

For comments, questions or concerns, please contact Dennis Kaiser


Inside The Story

Connect With Crown Group

About Dennis Kaiser

Dennis Kaiser is Vice President of Content and Public Relations for Connect Commercial Real Estate. Dennis is a communications leader with more than 30 years of experience including as a journalist and in corporate and agency marketing communications roles. He is responsible for Connect’s client content operations and is involved in a range of initiatives ranging from content strategy, message development, copywriting, media relations, social media and content marketing services. In his most recent corporate communications roles, he led a regional public relations effort across Southern California for CBRE, played a key marketing role on JLL’s national retail team, and was responsible for directing the global public relations effort at ValleyCrest, the nation’s largest commercial landscape services company. In addition to his vast commercial real estate experience, Dennis has worked on communications and launch strategies for a number of residential projects such as Disney’s Celebration in Florida, Ritter Ranch in Palmdale California (7,200 homes, 22,000 acres), WaterColor in Florida and PremierGarage in Phoenix. Dennis’s agency background included firms such as Idea Hall and Macy + Associates. He has earned an outstanding reputation with organization leaders as a trusted advisor, strategic program implementer, consensus builder and exceptional collaborator. Dennis has developed and managed national communications programs for Fortune 500 companies to start-ups, both public and private. He’s successfully worked with journalists across the globe representing clients involved in major-breaking news stories, product launches, media tours, and company news announcements. Dennis has been involved in a host of charitable and community organizations including the American Cancer Society, Easter Seals, BoyScouts, Chrysalis Foundation, Freedom For Life, HOLA, L.A.’s BEST, Reach Out and Read, Super Bowl Host Committee, and Thunderbirds Charities.

Step 1: Select Education
  • ◦Development
  • ◦Sale/Acquisition
New call-to-action