With the arrival of the Ace Hotel in 2014, Downtown's Broadway corridor has been transformed with new apartments, trendy shops and restaurants. An adaptive reuse project from a prolific Candian developer will seek to continue that momentum.
A tipster has sent word that Onni Group, the real estate firm behind numerous high-rise buildings in South Park, is planning to convert the former Western Pacific Building at 1031 S. Broadway into a hotel. The Vancouver-based developer purchased the 12-story Renaissance Revival style building earlier this year for approximately $56 million.
Permit filings from the Los Angeles Department of Building and Safety state that the upper floors of the 1920s commercial building would be converted into 377 extended-stay hotel rooms. Other proposed elements of the project include a rooftop pool deck, a club room, a fitness center and a ground-level store front.
Although Onni's Southern California real estate holdings include a number of office buildings between Downtown and the South Bay, the company has made headlines mostly through its ambitious slate of ground-up developments.
In addition to three ongoing projects in South Park, the developer is behind a plan to redevelop the Times Mirror Square complex and recently filed plans for a 48-story residential tower on Olympic Boulevard.
The Western Pacific Building makes for three historic buildings at 11th Street and Broadway that have opted for hotel conversions in recent years, following the Case Hotel and the former L.A. Railway Building, which will become the Proper Hotel DTLA and a Hoxton hotel respectively.
- Onni Group Archive (Urbanize LA)