Advertisement

Since spinning off its struggling publishing division, Tribune Media Company has gone to work monetizing its national real estate portfolio.

The Chicago-based corporation made one of its first moves in Los Angeles last month by filing plans to redevelop a parking lot near the Los Angeles Times Building as a mixed-use tower.  The proposed development, which would sit atop Metro's future 2nd/Broadway Station, calls for the construction of a 30-story building featuring 107 condominiums, 534,000 square feet of commercial offices and approximately 7,200 square feet of ground-level retail space.

A rendering of the building portrays it as a stack of boxy, offset masses with cantilevered sections that create canopies and terrace decks.  The tower's design take cues from nearby civic buildings such as the recently-completed Federal Courthouse and the Los Angeles Police Administration Building.

Sources indicate that global architecture firm Gensler is designing the tower.

The motif of offset rectangular volumes is also seen other recent Los Angeles buildings such as Holllywood's Icon, soon to be home to Netflix, as well as at a proposed high-rise development near Pershing Square.

While Tribune plans for its tower, another transformative development is being contemplated directly across the street.  Onni Group, the Vancouver-based real estate firm that purchased Times Mirror Square from Tribune earlier this year, is expected to rehabilitate several of complex's historic buildings as creative offices.  A 1970s building and parking garage, located on the Broadway side of the property, could be razed for a residential development.

Rendering of the proposed development at 222 W. 2nd Street (Image by Nephew)
222 W. 2nd Street (Image: Google Maps)

From the Web

LA Phil Unveils Frank Gehry Design for New YOLA Center in Inglewood

Construction is expected to begin in spring 2019.
bar

Yesterday, the Los Angeles Philharmonic unveiled architectural designs by Gehry Partners for the new Judity and Thomas L. Beckmen YOLA Center @ Inglewood, the future permanent home of the Youth Orchestra Los Angeles (YOLA). The $14.5-million project will transform a former branch of Security Pacific Bank at 101 S. La Brea Avenue into a light-filled, flexible facility capable of hosting rehearsals, classes, and performances.  It will serve up to 500 students each year from Inglewood and surrounding communities.