Disclaimer: H.W. Holmes, Inc. curates this monthly summary of commercial construction and development news in and around Los Angeles, Ventura, and Santa Barbara, CA. We have no association with any of these developments unless specifically stated.
Sunset Strip House of Blues Demolished
After 21 years of business, the Sunset Strip’s House of Blues hosted its last show in August of 2015. Nearly two years later, the building is finally being demolished (Watch YouTube Video) to make room for a mixed-use development known as the Sunset Time. The development will consist of two new buildings. One is an eight-story hotel with a projected 150 rooms. The other building is a five-story condo with a projected 45 units.
Many music lovers were understandably disappointed when the venue shut its doors. Several years ago, Billboard magazine wrote of luxury hotels displacing fans and bands (Click to Read) and the party being over for the Sunset Strip’s rock and roll scene.
READ: “The Sunset Strip House of Blues is Being Demolished Right Now” by Bianca Barragan @ Curbed Los Angeles
New York’s Brookfield Buys Controlling Stake in California Market CenterJamison Properties has sold slightly less than half of its stake in the California Market Center to New York’s Brookfield Asset Management. The four building property, currently half-leased with office tenants plus fashion showrooms and garment industry wholesalers, is expected to be fully renovated by 2019. It has long been viewed as a focal point of the Los Angeles fashion scene. According to the LA Times, Brookfield plans to convert the buildings into a mixed-use and creative office campus that’s home to businesses of all types.
Brookfield already owns over 8.6 million square feet of downtown Los Angeles office space. They and Jamison intend to upgrade and moderinize the California Market Center space to meet the standards of other downtown Los Angeles office redevelopment projects.
READ: “New York Landlord Brookfield Takes Over Giant L.A. Fashion Mart” by Roger Vincent at the Los Angeles Times
Chinatown’s Capitol Milling Adaptive Reuse Project Underway
Sans the occassional movie shoot, the Capitol Milling Company’s Chinatown buildings, which date back to the 1880s, have sat mostly vacant for years. Up until 1998, the company was still grinding flour at the location. Prior to selling the buildings in 1999, the mill held the distinction of being the city of Los Angeles’ longest running family operated business.
Now construction is in full swing on an adaptive reuse project that will convert the former mill site at 1231 N. Spring Street to creative office space, trendy restaurants and shops, plus a microbrewery.
Preliminary renderings of the project, which is located next to the recently renovated L.A. State Historic Park as well as Metro’s Chinatown Station, showcase walls of glass, exposed brick, and vaulted ceilings. Owners of the property, the Riboli Family (founders and owners of the San Antonio Winery) are running a development firm known as S&R Partners. They are teaming up with Lincoln Properties for this adaptive reuse project.