Bunker Hill is really on the cusp of achieving some great critical mass. Not only is the very much anticipated Broad museum opening in late 2015, but one of downtown’s most luxurious new residential properties, The Emerson, opened earlier this month with its first resident move-ins (take a lovely tour inside via Curbed LA). Developed by Related California, the upscale 19-story rental property located adjacent to The Broad is chock-full of amenities from a penthouse lounge with an outdoor terrace to a state-of-the-art media room and library next to a fully equipped fitness center with steam and yoga rooms. Now Emerson residents will have one more thing to brag about: Renowned Italian Chef Agostino Sciandri will be opening Vespaio on the ground floor of The Emerson.
Category Archives: architecture
[Update 10/7/14: Apparently I jumped the gun last night when I looked up and saw the rainbow colors, got excited, and assumed the colors were lit up to celebrate the expansion of LGBT rights (read below) when it was actually meant to signify the Special Olympics are opening offices inside the tower as well as hosting the summer games next year in Los Angeles. It was definitely a major coincidence that these two events fell exactly on the same day. The confusion stemmed from the fact that the international symbol for the LGBT community, recognized around the world, just so happens to be the colors of the rainbow. This brings up an obvious glaring issue that the US Bank Tower needs to inform the public on their website what the colors on top actually mean (like what the ESB does in NYC). Nevertheless, I'd still like to think the rainbow colors represented both significant events: the Special Olympics coming to LA and the advancement for LGBT rights. Win win for all.]
Tonight, Downtown LA’s Library Tower (aka US Bank Tower) was lit up with rainbow colors celebrating a major milestone in LGBT rights in America. Earlier on Monday, 11 states legalized same-sex marriage as a result of the Supreme Court strategically declining to hear appeals from five states. The beautiful crown at the top of the tower — still the west coast’s tallest skyscraper — lit up brightly with red, green, purple, yellow, and blue that could be seen from miles away.
Long anticipated, today it was finally revealed what hotel brand would take over the upper portion of Downtown LA’s newest and most exciting ground-up development in years — the Wilshire Grand Tower. The new hotel will be an Intercontinental Hotels & Resorts with 900 rooms. It’ll be the first hotel on the west coast to have a sky lobby (on the 70th floor) and will be considered the largest Intercontinental in the Americas according to a press release.
One of the most magnificent civic structures in all of LA is close to reopening after being shut down for two decades since the 1994 Northridge earthquake left the building red tagged due to severe damage. Fortunately, the 1925 Hall of Justice designed in the Beaux Arts style was not demolished. Instead, the county-owned structure located in LA’s civic center — once the headquarters for the sheriff, district attorney, and coroner — was saved after almost a decade of fundraising efforts spearheaded by former Sheriff Lee Baca that started in 2004.
With the exception of the Medallion apartments at 4th/Main, there have been no ground-up market rate housing developments built in the Historic Core in Downtown LA. Pretty much all new lofts and condos in the Historic Core that have come on the market over the last decade have been conversion projects taking advantage of the adaptive reuse ordinance. All that’s about to change, however, as numerous high-rise projects have been proposed in the Historic Core that will be the next evolution of Downtown LA’s urban revitalization, filling in all those anti-pedestrian surface parking lots. We won’t have to wait too long for some action because the exciting new chapter for the Historic Core begins now with Topaz, a new mixed-user, that broke ground last Friday near 6th/Main.
We all know the Downtown LA real estate market is already hot, but it just got way hotter in here. Escrow closed yesterday on Watermarke Properties’ trophy property, Watermarke Tower, in South Park selling for a record breaking price of $160.5 million. Purchased by Bethesda, MD-based ASB Real Estate Investments (they also just bought a huge property in the Arts District), the 35-story luxury apartment high-rise with 214 units is apparently the most expensive apartment community sold in the state of California — ever. To be specific, it is one of, if not the state’s most expensive trade based on a per unit basis coming in at approximately $750,000 for each unit. The deal was brokered by HFF Managing Director Mark Peterson.
Yesterday was so much fun. I was invited by FOX 11 to come on their noon show to talk about Downtown LA (my favorite subject of course) and all the newest exciting things happening that are putting our once ignored urban center back on the map. Check out the video above and here are the topics we covered:
- New high-rises proposed in the Historic Core
- New developments blocking sidewalks an issue for pedestrians
- Broadway’s amazing road diet and pedestrian plazas
- Retail continues with Macy’s Plaza $180 million makeover
- And Trader Joe’s rumors!
Thank you again so much to FOX 11 News!
Almost two years after developer Wood Partners first began construction, the new 8th+Hope apartment tower began accepting resident move-ins earlier this month in August. Designed by Atlanta-based The Preston Partnership, the modern gleaming tower clad throughout in blue-green glass rises 22 stories high and adds another 290 rental units to the market including: 1, 2, and 2½ bedrooms with square footages ranging from 707 to 1,634. Every single unit gets a private balcony. Impressive.
The Historic Core in Downtown LA is where it all started after the adaptive-reuse ordinance was passed in 1999. Developer Tom Gilmore first took advantage of the new ordinance and converted three vacant and dilapidated historic buildings into 230 live/work lofts in what is now known as the Old Bank District at 4th and Main. It’s definitely come a long way since 1999. Over the last 15 years, the Historic Core — with its massive stock of, what else, historic buildings — has become a mixed-use residential hub with increasing numbers of restaurants, bars, and yes, even retail. Now that a good chunk of historic structures has been converted to mostly housing, it’s only logical for the next step in Downtown LA’s evolution toward urban maturity to begin building new ground-up projects as well that will help fill in those surface parking lots that have disrupted the urban fabric with its negative, anti-walking sprawling effects. Now, the exciting continuation of the Historic Core’s revitalization includes three new proposed high-rises set to break ground in the next year: the 38-story SB Omega, the 15-story Broadway Lofts, and the 33-story Hill Tower Lofts.
There have been some pretty amazing video tributes to Downtown LA lately, like the beautiful 4-minute time-lapse video by TimeLAX that captured the glittering urban center that is our growing and revitalizing Downtown LA. Once abandoned and left for dead, Downtown LA is once again the center of pride for Angelenos. Now, there’s another new video sent to me by a downtown resident named Ian Wood that’s upped the ante on just how amazing Downtown LA can look on camera. Wood spent 2 months filming with a flying quadcopter “that looks a bit like a mutant chicken” equipped with a GoPro camera. What he captured and compiled into another 4-minute video (coupled with perfect music from Chassol) really will knock your socks off.
It made me fall in love with Downtown LA all over again — enjoy.
Back in February, there were rumors flying around that the Library Tower (aka US Bank Tower) could go part residential and hotel in addition to office. And although the LA Times confirmed today that won’t happen, exciting rumors also from February of the observation deck and upgraded lobby did stick. By this time next year, Library Tower—the tallest skyscraper west of Chicago at 1,018 feet tall—could become one of LA’s most sought after tourist attractions with a new observation deck and restaurant. In fact, the owners of the skyscraper hope to attract 500,000 visitors a year, which could become a nice economic boost to the local businesses and restaurants nearby in the Financial District and Bunker Hill. For me, I think it’s about time Library Tower got an observation deck (25 years later).
It was a year and a half ago when we first announced that everyone’s favorite local LA eatery, Tender Greens, was opening at the PacMutual building at Pershing Square near 6th and Olive. Checking in with Tender Greens for an update, we learn why it’s still not open yet. There have been some unforeseen challenges pertaining to the space—issues with grading and historical restrictions, for instance—that have set back the opening date by over half a year. The casual and health-conscious restaurant originally from Culver City with now 18 locations in California (LA, OC, SD, and SF) was supposed to open by late 2013. Now if construction continues to run more smoothly, the new updated timeline for opening should be next month in August.
A bright, bright future awaits the historic 1924 Commercial Exchange building in Downtown LA that’s been sitting empty for well over two decades. What an interesting history this building has as it was once pretty much split in half and moved to make way for a street widening project in the 1930s. Can you imagine a beautiful and irreplaceable building like this left to basically rot for so long? Well, our worries can now be put to rest. A very prominent New York hotel developer, the Sydell Group, has successfully purchased the historic edifice located at 8th and Olive catercorner to the exciting Whole Foods mixed-use project opening in 2015.
Less than two weeks ago, DTLA Rising broke the very exciting news that AEG had signed a lease taking over the entire Desmond Building in Downtown LA’s rapidly growing South Park district. The beautiful historic structure built in 1916 sat empty and dilapidated, sadly, for many decades even though it sits directly across the street from multiple high-end residential buildings including the South Group condos (Elleven, Luma, Evo) and the Met Lofts. But now the Desmond will be getting the much needed TLC it deserves when AEG — owner of nearby Staples Center and LA Live — relocates their ticketing and live entertainment divisions into the Desmond come next year.
It’s been three months since construction first began on the parking structure that will be attached to the new and exciting 888 S Hope, a brand new 33-story residential tower about to break ground later this year in burgeoning South Park. Being developed by LA-based CIM Group, new renderings from RTKL — the architect firm designing the project — show lots of retail space on the ground floor of both the parking structure and the tower itself. As you can see in the renderings (above and below), ample retail space will face Hope Street and wrap around the tower along 9th Street bordering the upcoming boutique Empire Hotel.