"$300 million Concerto"

Developer Sonny Astani has begun marketing his $300 million Concerto at 9th and Figueroa project in downtown Los Angeles.

The project includes a trio of contemporary structures, including two 30-story glass towers and a mid-rise loft building. Despite the sagging economy and an over-abundance of condominiums crowding the L.A. market, Astani’s project on a 100,000-square-foot parcel near LA Live and Staples Center in downtown’s South Park neighborhood is slated to begin delivery of 77 lofts in the mid-rise building in June, followed by the 271-unit first tower in the fall.