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CMCT JV to convert L.A. office building into luxury multifamily
CMCT has partnered with Kanden Realty, Taisei Corporation and a third international institutional investor to convert 4750 Wilshire Boulevard, a three-story office building in the prominent Hancock Park neighborhood of Los Angeles, into a mix of office space and luxury apartments.
The upper two floors of the building will be converted into 68 luxury apartments, while approximately 30,000 square feet of 100 percent leased ground-floor office will remain in place.
The renovation began in the first quarter of 2023. The makeover will bring much-needed housing to an attractive community, near shopping and business centers and just one mile from Los Angeles’ Metro D Line subway, currently under construction.
The building is designed to meet the needs of today’s professionals working in a hybrid environment. The building will feature oversized units with room for home office, a co-working area, a lounge, a high-end pool and courtyard, a fitness and yoga room, and a