Renovated Building Will House Creative Office, Retail & Restaurant Space
The Georgetown Company, a leading developer and owner of commercial properties nationwide, is partnering with the Hearst Corporation to redevelop the landmark Herald Examiner Building into a dynamic property that will include a mix of creative office space, retail and restaurants. The unique building was built in 1914 and was designed by Julia Morgan, the renowned architect who designed Hearst Castle.
The Herald Examiner Building adjoins two rapidly growing and resurgent neighborhoods, South Park and the Broadway Corridor, that are quickly becoming known as destinations for creative industries as well as upscale shopping and restaurants. The building’s noteworthy two-story lobby will be restored to its original grandeur, along with a complete renovation and restoration of the building.
JLL’s Managing Director Carl Muhlstein will lead the leasing effort for the renovated Herald Examiner property.
“The timely leasing opportunity will offer fully modernized interiors rebuilt to new creative standards,” said Carl. “High ceilings, retail amenities, and 100-year old authentic finishes will adorn the project while a strong development team will ensure quality throughout.”
The South Broadway surrounding area has witnessed increasing demand for commercial space as high-end hotels, creative office tenants and retail spaces have opened over the past 24 months. The budding neighborhood is poised to become the epicenter of the downtown Los Angeles resurgence with additional upscale hotels, thousands of residential units, stores and restaurants planned to open within the next three years.
The Herald Examiner Building project is The Georgetown Company’s latest development in the Los Angeles area. The company is currently completing a $280 million multi-phase redevelopment of Sony Pictures Entertainment’s Culver City Studio Lot that is creating new office and production facilities, added amenities and improved public spaces. Previously in a joint venture with Paramount Pictures, Georgetown developed a theater and office buildings at the Paramount Pictures Studios on Melrose Avenue.