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Plans to replace Parker Center with a new civic office building appear to be moving forward, as the City of Los Angeles begins outreach to contractors for the demolition of the former LAPD headquarters.

According to an invitation sent to interested parties, demolition fo the eight-story building at 150 N. Los Angeles Street carries an estimated cost of $12-million, with the process expected to begin in April 2018.

Parker Center, designed by Welton Becket, was denied Historic Cultural Monument status earlier this year following a contentious debate which pitted preservationists against members of the surrounding community.  The mid-rise structure, named for notorious former LAPD Chief William Parker, was built upon a full city block that was once part of Little Tokyo's commercial core.

In its place, the City of Los Angeles has explored the construction of a 28-story, 750,000-square-foot office building that would feature ground-level commercial space.  The proposed tower would be among the earliest components of the new Civic Master Plan, which hopes to infuse life into the sleepy district of City, County, and Federal offices.

This Week in Leases - September 22, 2018

The Pacific Design Center's RedBuilding fills out.
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Independent entertainment company A24 will relocate its offices to the Pacific Design Center's RedBuilding in West Hollywood.  The company, which is relocating from an existing facility on Beverly Boulevard, has leased the entire 12th floor of the RedBuilding, amounting to a 25,000-square-foot office.