Hanjin International Corporation c/o Thomas Properties Group
Land Use Entitlements
Two New High-Rise Towers in Downtown LA
The original 60-year-old, 16-story Wilshire Grand Hotel was demolished in 2013 and replaced by the new, mixed-use Wilshire Grand Center. Completed in 2017, the $1 billion, 3.5-acre redevelopment boasts a world-class, 73-story skyscraper that houses the 900-room InterContinental Los Angeles Downtown Hotel, restaurants, and businesses.
Psomas provided land use entitlement services including a development agreement, Transfer of Floor Area Rights (TFAR), conditional use permits, and airspace subdivision. Approvals created 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 was the ability to allow for creative flexibility as the project moved from concept to design. A land-use equivalency table was adopted to allow the ultimate development to exchange land uses (e.g., hotel rooms for retail space or dwelling units for office floor area).