Fixing old buildings into new and modern styles is at the forefront of Los Angeles' real estate change.
Los Angeles is in the middle of a real estate renaissance. It's turning historic properties into modern, fully functional icons. This form of design, called creative office, is the next frontier in design, states Lise Bornstein—a recently named partner at KFA. These adaptive reuse projects are becoming more and more common throughout Los Angeles than in any other city in the nation.
Millennials are an interesting market because many of them want that new x-factor in their homes that has never really been seen before. Developers are fully aware of this and are installing amenity-rich spaces for living, working, and playing without a corporate environment in historically rich buildings like Hollywood's 1923 Taft building.
One would assume that with so much construction going around Los Angeles, some might think that the pool of reusable possibilities is shrinking every day. However, John Arnold, Bornstein's colleague and partner, declares otherwise. He says that there always seems to be more ways to adapt the buildings. Today, the trend is to reuse the buildings that were popular in the 1970s, but have faded to C-class buildings. The trick in remodeling these buildings is to respect the vibe without trying to recreate that 70s look.
Adaptive reuse in the office sector has its challenges, however. “One challenge is to literally expand office opportunities to large-scale spaces, such as the MGA Entertainment Master Plan . . . a 24-acre, former printing facility reemerging as new corporate, residential and retail campus,†says Bornstein.
Are you hoping to get involved in Los Angeles' real estate renaissance? If so,
contact us, Parkwest General Contractors, today! As commercial and hotel construction experts, we can make sure your project is expertly handled.
