Major Development Projects
Major Development Projects
The first two years of the Villaraigosa Administration were the best two years in the history of the City for total construction (residential and commercial), reaching over $5 billion per year for the first time ever! And LA is moving forward again, with the Mayor making good on his promise to name the "crane" the official bird of Los Angeles.
Mayor Villaraigosa has played an active role in pushing forward projects that are transforming the city and that illustrate that future development in Los Angeles will be guided by the tenets of smart growth – that is, putting jobs and shopping close to where people live.
Concerto
Located at 9th & Figueroa, Concerto will house 629 units in twin 30-story towers. The all curtain wall and high-strength concrete buildings will be the first of their kind in Los Angeles. With careful consideration, columns were placed at the center allowing for open perimeters, creating the best skyline views. Owners will enjoy the 10' 4'' ceilings, spa access, 24,000 square feet of retail space and two pocket parks designed by Olin Partnership. One thousand parking spaces will be tucked within, and a 900-foot-long pedestrian paseo will connect Figueroa and Flower streets. The space between the two ascending, swirling towers at the corner of 9th and Figueroa creates a movement similar to that of a musical note, thus the name Concerto.
Evo
Evo, currently under construction and expected to be completed in late summer 2008, is The South Group's third building in the South Collection project. The 23-story Evo will house 311condominiums, five two-story townhomes, and will feature a 6th floor pool terrace, an exclusive “Two-Forty” lounge atop the 23rd floor and five levels of secured parking. A streetscape of ground floor retail and housing, lush landscaping and architectural elements provides a vibrant pedestrian ambiance.
Like its sister buildings Elleven and Luma, which are already complete, Evo is expected to earn Leadership in Energy and Environmental Design (LEED) certification from the U.S. Green Building Council.
The Grand
The Grand is transforming downtown into a true 24-hour, all-access destination. With signature architecture amidst a thriving arts and culture scene, The Grand will feature the convergence of the finest in specialty retail, branded luxury residences, apartments, a five-star Mandarin Oriental Hotel and world-renowned chefs with unparalleled cuisine.
This three-phased, 3.6-million-square-foot, urban mixed-use project encompasses nine acres spanning three city blocks and the revitalization of the 16-acre Civic Park. The first phase, designed by distinguished architect Frank Gehry, consists of an open air plaza surrounded by a vibrant mix of vertically-integrated, street-front and upper-level retail; restaurants with landscaped terraces; a gourmet market; the Mandarin Oriental Hotel; a 38,000-square-foot luxury health club; and 490 residences overlooking the city skyline.
The Grand is planned and designed striving to achieve LEED silver level certification. Also designed to complement the Walt Disney Concert Hall, a world-class cultural landmark designed by Gehry, The Grand will command its own dramatic architectural presence creating a destination that is pedestrian-friendly and attractive to residents and visitors alike.
Grifols
After diligent work by the Mayor and his Los Angeles Business Team to correct a mistake in the Community Plan that governs the area’s land use, Grifols was able to move forward with the expansion of their U.S. headquarters, located on a 26-acre site in East Los Angeles.
Headquartered in Barcelona, Spain, Grifols - a global healthcare company - has a reputation for developing innovative products. Grifols is the second largest blood fractionator in the world and a major producer of plasma-based biologic therapies, which are used to treat a variety of rare and often life-threatening diseases and conditions. In October 2007, the company announced a worldwide capital investment plan of $540 million that will be carried out between now and 2012. As part of the plan, Grifols will expand its East Los Angeles facility by 50% and invest nearly $149 million. Grifols plans to build a 90,000-square-foot, three-story facility with office, technical and clean space that will house its new Flebogamma DIF (IVIG) production facility. The new facility will break ground in May of 2008 and, when completed in 2013, will bring close to 300 new jobs to the city, increasing the Grifols employee base in Los Angeles to 875.
Living Spaces Furniture
The Mayor, Councilmember Cardenas, CRA/LA and Economic Alliance successfully attracted a 200,000-square-foot Living Spaces furniture store to Van Nuys, making it the largest furniture store in the San Fernando Valley. Living Spaces created 300 new jobs uponopening, projects to hire an additional 200 in the coming years and expects to generate $1.5 million in sales tax revenue annually. The store incorporates many green features, such as energy efficient fixtures and sophisticated motion and energy monitoring systems to reduce overall power usage.
Mayor Villaraigosa joined by Sate Senator Alex Padilla, Councilmember Cardenas, Economic Alliance CEO and CRA Board Commissioner Bruce Ackerman, Living Spaces Furniture CEO Grover Geiselman and Living Spaces Furniture President Sharm Scheuerman celebrated a grand opening on March 7, 2008.
1540 Vine Street
This Camden Development project will include a 306-unit residential,mixed-use development that will have a65,000-square-foot retail suite pre-leased to Whole Foods. Groundbreaking on this $230 million project is expected in 2008.
2000 Avenue of the Stars
This $400 million project comprises 775,000 square feet of new Class A, commercial office space; casual and fine dining; retail services; a cultural pavilion; and a lushly landscaped park in Century City. This landmark office building has succeeded in attracting several new companies to the City of Los Angeles, such as Creative Arts Agency, Imperial Capital, Comerica Bank and The Annenberg Foundation.
Westfield Century City
The New Century Plan represents a reinvestment of approximately $500 million in
the continued rejuvenation of the property at the intersection of Santa Monica Boulevard and Avenue of the Stars. The proposed project is a comprehensive revitalization plan that consists
of approximately 358,000 square feet of retail, 106,000 square feet of office and 262 residential units to provide a broader array of shopping and dining choices, entertainment opportunities, outdoor amenities, new residential uses, office space and parking, and is expected to generate approximately $8 million in tax revenues. The project will be designed to achieve Leadership in Energy and Environmental Design (LEED) certification with leading environmental design principles and new technologies to minimize energy and water usage.
Paseo Plaza
With over 377,000 square feet of retail space, Paseo
Plaza will be a catalytic mixed-use development in East Hollywood. The project by Continental Management is valued at over $300 million and will create 437 new residential units and 500 new jobs. The developer hopes to break ground in third quarter 2008.
Kaiser Permanente Los Angeles Medical Center
The Kaiser Permanente Los Angeles Medical Center will open on Sunset Boulevard in the spring of 2009. More than $600 million is invested in this 792,000 square foot tertiary hospital. When completed, the Los Angeles Medical Center will be the largest Kaiser Permanente facility in the United States with a revenue base of approximately $1 billion.
The Los Angeles Medical Center's facilities extend to Glendale, Pasadena, Hollywood, downtown Los Angeles, and East Los Angeles. They're comprised of a hospital, mental health center, and 11 medical office buildings. Approximately 5,400 employees and 685 physicians are on staff to meet the health care needs of their members and their communities.
Blvd6200
Blvd6200 will be Hollywoods largest mixed-use project, a 1.1-million-square-foot complex being developed by the Clarett Group. Adjacent to the Pantages Theatre, the $400 million high-density project will be environmentally sustainable (LEED-qualified), and will serve as a model for an interactive lifestyle.
