DOWNTOWN LOS ANGELES - Barry Shy is in the preliminary phase of planning a 40-story tower that would rise at 601 S. Main St. The 350-unit development would include 35 residential floors over a five-level, 1,200-space parking facility. Shy, who says the project is “by right,” is looking to break ground by April. It is unclear, however, whether the site’s zoning regulations would allow a tower of that size. The building would be Shy’s sixth Historic Core apartment project, but his first ground-up development.

© Los Angeles Downtown News 2012