Park Labrea Redevelopment

Los Angeles

Market: Los Angeles

Type:

Multifamily

Role: Master Developer

Walk Score: 100

Transit Score: 65

Bike Score: 70

High rise residential luxury rental in the heart of Hollywood adjacent to the world-famous Capital Records building.

Property Size:

  • Repositioning of the largest apartment complex in California and adding 1,610 new apartment units.
  • Increased Commercial Mixed use by 1.0msf of new office and hotel space plus 2,500 parking spaces

Highlights

  • Did not tear down any existing units nor evict any existing tenants
  • Added 1,610 new units on underutilized retail and back of house areas
  • Maintained historic May Company department store
  • Completed Bargain Sale transaction with LACMA to provide for their expansion