Standard Development, a real estate firm helmed by Allen Gross, has quietly started work on the adaptive reuse of Downtown's historic HW Hellman Building, otherwise known as the Banco Popular Building.

The 102-year-old office building, located at 4th and Spring Streets, will eventually house 188 live-work apartments above ground-level commercial space and a basement bar.

According to a permit filing from the Los Angeles Department of Building and Safety, plans call for a series of alterations to the building that will add two floors to the currently 10-story structure.  Most notably, the addition of a rooftop level will create space for a new restaurant, as well as residential amenities including a recreation room, swimming pool, resident lounge and a fitness room.

The renovation is being designed by Omgivning, a Downtown-based architecture firm which specializes in adaptive reuse projects. 

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Eight Small Lot Houses Break Ground in Silver Lake

Complete is anticipated in November.

Los Angeles-based developer RC Homes has broken ground on a new set of small-lot houses in Silver Lake.

Hyperion Silver Lake, named for its address at 853 Hyperion Avenue, will consist of eight-single family dwellings, each featuring three-bedroom and 3.5-bathroom floor plans.