Los Angeles-based real estate investment firm Bow West Capital has started construction at 718-722 S. Hill Street, a historic Jewelry District building that will be converted into office space.

The property, located mid-block between 7th and 8th Streets, was purchased by Bow West late last year for $14-million.  Plans call for converting the upper floors of the seven-story structure into approximately 55,000 square feet of office space, with an art gallery located at the mezzanine level and commercial space on the ground floor.

Los Angeles-based M-Rad Architecture is designing the project.

Constructed in 1913, 718-722 S. Hill Street is located in close proximity to similar historic structures that are also being converted into office space - including the Merritt Building and the former Broadway Trade Center at 8th and Broadway.

Construction at 718 S. Hill Street
Rendering of 718 S. Hill Street. Image courtesy of M-Rad Architecture.

From the Web

Proposed Small Lot Development Near Barnsdall Park Faces Appeal

Plans call for 18 small lot homes on Hollywood Boulevard.

On July 24, the Central Area Planning Commission is scheduled to consider an appeal of a proposed small lot subdivision across the street from Barnsdall Park. The project, located at 4765-4773 Hollywood Boulevard, calls for demolishing an existing commercial building and parking lot to make way for the construction of 18 single-family residences.  The three-story buildings would offer floor plans between 1,794 and 2,969 square feet, each featuring a two-car garage.