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Los Angeles Center |
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High density, mixed use commercial, hotel, retail |
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Los Angeles, California |
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Highrise Commercial Office/Hotel |
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Initial Financing ($180 million) Westinghouse Credit Corp Initial Equity ($25 million) Hillman Properties, Inc.
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Commenced in 1988 and ultimately converted to a studio in 1999 due to the unforeseeable collapse of the downtown commercial office market.
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SHM Partners, provided overall leadership and coordination for all site acquisition, entitlement, approvals, leasing, design, contracting and management issues. Site assemblage involved the acquisition of the original 12 ½ - acre site and acquisition of two additional properties. Entitlements required SHM Partners to manage a team of 95 consultants and resulted in a 20 year development agreement with the City of Los Angeles. The six major commercial and retail structures of this project were programmed for completion over this twenty-year period. SHM Partners managed the design of the first two 43-story towers and the masterplanning of the entire project. |
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