Built in 1928, the 11-story, 320,000-square-foot building is located at 433 S. Spring Street. The historic structure, previously slated for adaptive reuse as condominiums, is instead being retrofitted as creative office space with ground-floor commercial space.
The mid-rise structure, originally known as the Title Insurance and Trust Building, is being redesigned by Gensler and Architectural Resources Group to make the property appealing for contemporary tenants while retaining the building's character-defining architectural features.
The restoration includes the Trust Building's exterior facade, main lobby, and banking hall, which will be returned to their 1930s and 1940s appearances. Plans also call for a full seismic retrofit of the property, and upgrades to non-historic features, with a target of LEED Platinum certification.
Key changes at the property include the addition of exterior spaces to the Trust Building's fourth, fifth and seventh floors, as well as the addition of a landscaped rooftop amenity deck. The property also sits across the street from Spring Street Park.
The landmark Trust Building was designed in the Art Deco style by Parkinson & Parkinson, the Los Angeles-based firm whose portfolio also includes Bullocks Wilshire. It served as the headquarters of the Title Insurance and Trust Company through the 1970s, and later as a furnishings design center and the temporary home of the Los Angeles Central Library after a fire damaged its permanent facility at 5th Street and Grand Avenue. Rising Realty Partners acquired the property with Lionstone Investments in 2016.
The Trust Building is one of the final dominos to fall on Spring Street, a former hub of finance that has since become the center of Downtown's residential base. An adjacent mid-rise building is now being converted into a 180-room Cambria Hotel.