Nearly two months after the first rumblings, it's official: co-working company NeueHouse announced this week that it will open its second Los Angeles location at Downtown's historic Bradbury Building.
"Our mission of fostering a creative system at the intersection of commerce and culture, underpinned by design-driven environments, elevated hospitality and original cultural programming, is what sets NeueHouse apart," said NeueHouse CEO Josh Wyatt in a statement. "The expansion to the iconic Bradbury Building will allow us to enhance the membership experience even further in the areas of creative workspaces, programming and social spaces."
The 25,000-square-foot space, scheduled to open in November 2019, will include gallery and private offices, a lobby cafe, and conference rooms. It is being designed by Toronto- and Los Angeles-based DesignAgency.
NeueHouse opened its first Los Angeles location at Hollywood's Columbia Square complex in 2016.
A few blocks away, another historic property is also preparing to welcome a new tenant.
The City of Los Angeles' Department of General Services is preparing to lease a 4,836-square-foot office at the Times Mirror Square complex at 1st and Spring Streets. The City will pay approximately $200,000 annually - at $3.40 per square foot - over a five-year term with two one-year options.
The agreement is subject to approval by the Los Angeles City Council, which is scheduled to vote on the item at its July 2 meeting.
Times Mirror Square, home to the Los Angeles Times for more than 80 years, was sold to Onni Group in 2016 for the reported sum of $120 million. The Canadian developer is seeking entitlements to raze a 1970s expansion of the former newspaper headquarters to construct a pair of mixed-use apartment towers, while retaining the property's 1930s and 1940s structures as offices.
Though the Times decamped to El Segundo last year, Times Mirror Square is not entirely empty. Rideshare company Uber occupies 18,000 square feet of office space at the property.
OneLegacy, an "organ, eye, and tissue recovery organization," has announced plans to relocate its corporate office from Downtown Los Angeles to a 4.45-acre property in Azusa.
The new facility, located at 1303 Optical Drive, currently consists of a three-story, 98,000-square-foot commercial building which OneLegacy intends to transform into its administrative offices. Plans also call for the addition of a 50,000-square-foot structure containing a transplant recovery and research center.
The total cost of the renovation and expansion of the future Azusa headquarters is estimated at $41.6 million.
In Studio City, The Real Deal reports that post-production company Advanced Digital Services has signed a 10-year lease for 23,000-square-feet at 3575 Cahuenga Boulevard. The boxy mid-rise office building is owned by Jamison Services, Inc.
Additionally, TRD reports that flexible office space provider Knotel has leased space at three locations on the Westside, including a 6,680-square-foot space at 3137 S. La Cienega Boulevard in Culver City, a 30,000-square-foot space at 13160 Mindanao Avenue in Marina del Rey, and a 7,400-square-foot space at 1625 Olympic Boulevard in Santa Monica. The company now leases approximately 100,000 square feet of space in the Los Angeles area.
- This Week's Leases (Urbanize LA)