Portfolio

1100 Wilshire

Los Angeles, California


Market: Los Angeles

Type: Multifamily

Role: Development Partner

Status: Completed in 2007; Sold in 2009

High-rise residential condominiums in downtown Los Angeles that were converted from 1980s-era office space.

Property Size

  • 228 for-sale residential condominiums
  • 12,500 square feet of retail space
  • 300-vehicle public garage

Local Population Density

  • 27,800 people/square mile

Highlights

  • Invested in the redevelopment/adaptive re-use project through a joint venture with Forest City Residential West, TMG Partners and RAD Management.
  • Converted a vacant, 37-story office tower in downtown Los Angeles to residential condominiums, with retail/commercial space on the ground floor and mezzanine level.
  • Tower was built in 1986, but never occupied for office use. Floor plates and ceiling heights were well suited for residential use.
  • Building’s novel design — a 21-story, triangular glass tower atop a 16-story, rectangular parking structure — provides unobstructed views of the Pacific Ocean, the Hollywood Hills and the Los Angeles skyline.
  • Joint venture partners also funded the development of 36 residential units for low-income residents at a nearby location.

 

Walk Score:  95     |    Transit Score:  100     |     Bike Score:  51