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Koreatown's Vermont Towers and their famously obtrusive parking podium are finally in the home stretch.  The mixed-use development from the J.H. Snyder Company is one of only a handful of high-rise projects to break ground in Los Angeles since the recession.  With towers of 29 and 23 stories, the Vermont adds 464 one and two bedroom units directly across the street from the bustling Wilshire/Vermont subway station.  Designed by the Venice-based Jerde Partnership, the $200 million project features residential amenities including an outdoor garden, heated swimming pool, gym and dog park with views of the Downtown skyline.  Despite its highly visible parking accommodations, the Vermont has also extended an olive branch to pedestrians.  The project has resulted in a variety of streetscape improvements along the western and northern sides of the property, including new palm trees and extra-wide sidewalks.  The towers will greet Wilshire Boulevard with a landscaped pedestrian plaza, centered around 40,000 square feet of retail space with room for a full service market.  After two years of construction, the towers are scheduled to open their doors in May of this year.  Mark it of on your calendars, everyone.

 

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This Week in Leases - June 23, 2018

Two advertising studios make moves in DTLA and Park Mile.
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ROW DTLA, located at the border of the Arts District and Industrial District in Downtown Los Angeles, has announced that creative advertising studio WC+A has signed a lease for 12,000 square feet of office space at the complex.