Hanjin International Corporation c/o Thomas Properties Group
Two New High-Rise Towers in Downtown LA
Psomas is providing survey, airspace mapping, and land-use entitlement services for the redevelopment of the 3.5 acre Wilshire Grand site in the middle of downtown Los Angeles. The project includes the demolition of the existing Wilshire Grand hotel and office building.
The future development includes two high-rise towers. The “Hotel” tower will be approximately 45 stories with 560 hotel rooms and 100 residential condominiums. The “Office” tower will contain 1.5 million SF of office space in 65 stories. The towers will be built over a six-story podium that will contain hotel amenities and retail space totaling about 275,000 SF.
There are many land-use entitlements that were required in order for the project to move forward. Approvals will create the first Class “A” office building to be erected in downtown Los Angeles since the late 1980s. One of the more interesting aspects of the entitlements is the ability to allow for creative flexibility as the project moves from concept to design. A land-use equivalency table will be adopted that will allow the ultimate development to exchange land uses (e.g., hotel rooms for retail space or dwelling units for office floor area).