Urbanize LA reported about the proposed 34 story high rise (388 feet tall) from developer Izek Shomof back in March 20, 2014. The architect of the project is HansonLA. Currently, there is an existing one story commercial building that will need to be demolished in order to construct the tower project.
However, there is new news which entails the developer has submitted aPermit Application for the Broadway @ 4th project on 02/02/2016. The project entails the construction of a new 35 story mixed use residential high rise tower with a total of 450 apartment dwelling units. With regard to the parking levels, 2 levels will be underground while 6 levels will be above ground.
HansonLA is also the architect for the Ten50 project in South Park at the north-east corner of 11th and Grand. LAOCDB reported about Ten50 back in December 2015.
References:
1. http://www.dlanc.org/sites/dlancd7.localhost/files/Broadway%404th.pdf