![]() The tower has a glass crown that is lit up at night with different colors depending on the date or occasion, changing its appearance to celebrate Christmas, the Chinese New Year, Halloween, Independence Day, Alzheimer's Day, and many other special celebrations.Īs one of the most iconic buildings in the city, it's often used in films including Independence Day, Terminator, The Kid, D-War, 2012, and even in some video games, such as the well-known Grand Theft Auto. Built between 19, the US Bank Tower, also known as the Library Tower, is a 310-meter-high, 73-story skyscraper currently owned by Overseas Union Enterprise Ltd (OUE). Bank, Lewis Brisbois Bisgaard & Smith LLP, Thomson Reuters, and Marsh USA. Located near the Pershing Square Metro station it is the second tallest tower in L.A. Bank Tower was designed by Pei Cobb Freed & Partners and built more than 30 years ago by Maguire Properties. “Informed by hospitality design, our repositioning plans will transform all aspects of the building to create a workplace environment that meets the evolving needs of the modern workforce.” Bank Tower will sport a look and feel more in line with the world’s leading boutique hotels,” said Jeremy Moss, executive vice president of leasing at Silverstein Properties. The renovation plan is aimed at providing a workplace environment that meets evolving needs and flexibility of both traditional and creative office tenants. I have no doubt that once the pandemic is behind us, we will see the return of dynamic job growth, millennial and Gen Z population growth and residential migration into Downtown.” “I also believe in the future of Downtown L.A. Silverstein, vice chair of Silverstein Properties, said in a statement. ![]() “This city is a global destination that continues to attract some of the country’s leading businesses,” Lisa H. and declining investment after the pandemic hit, but more of California is set to reopen in less than a month, and more signs of recovery are coming in. The industry is facing a record level of available space in L.A. property market conditions” and because “tenants in the property have reduced, or temporarily closed down, their operations, and the rental income from the property has been correspondingly affected,” according to sellers OUE Limited. The price cut was reached after taking into account “U.S. Bank Tower last September for a massive 31 percent discount at $430 million. The makeover of L.A.’s most recognizable skyscraper comes in a time when office space is very much in limbo following the work-from-home phenomenon, which is what led to Silverstein acquiring the U.S. The floor will also feature a drink bar and grab-and-go cafe, and a full-service kitchen to cater meetings and private events.īuilding upgrades, led by Jeffrey Beers’s design studio JBI and architecture firm A + I, are set to begin this summer and be completed by the end of 2022. The space, named The Vista, will also feature meeting and conference rooms and a co-working lounge. ![]() Instead, Silverstein plans a new amenity destination for building tenants on the 54th floor, featuring panoramic views, food and beverage options and an event space. SEE ALSO: Health Care Construction Digs Deep to Meet Changing Demands: Forum
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