Trammell Crow Co. and High Street Residential, in a public-private partnership with the County of Los Angeles, Public Facilities Group (PFG) and Meta Housing Corp., have commenced construction of Vermont Corridor, a three-site redevelopment project in Los Angeles’ Koreatown submarket.
The project is estimated to cost $453 million.
The project is comprised of three sites that will include a 468,000-square-foot premier, class A headquarters for the County of Los Angeles’s Department of Mental Health and Workforce Development, Aging and Community Services; an adaptive reuse of an existing office building into 172 residential units with 4,700 square feet of ground-floor retail space; and a 72-unit senior affordable housing complex with a 13,000-square-foot community center to be operated by the YMCA of Metropolitan Los Angeles. The transit-oriented development is located within Los Angeles’s Koreatown submarket on Vermont Avenue, between 4th and 6th streets, and sits within one block of the Metro Red and Purple subway lines.
Construction will occur throughout multiple phases, starting with the construction of the Vermont Corridor County Administration Building. The Vermont Corridor County Administration Building, a 21-story, class A office tower designed by Gensler, will feature approximately 468,000 square feet of office space with up to 7,500 square feet of ground-floor retail and a peer resource center. The office tower will serve as the new administrative headquarters for the county’s Department of Mental Health as well as Los Angeles County’s Workforce Development, Aging and Community Services. The project will feature a first-class fitness facility, open office floor layouts, an outdoor terrace with a large amenity deck, large indoor/outdoor conference space and a press room. The development team is seeking LEED® Silver certification. Hathaway Dinwiddie serves as the general contractor. Project completion is anticipated in fourth quarter 2021.
By mid-2019, Meta Housing Corporation is expected to commence development on 72 100 percent-affordable senior housing units, which will also include a 13,000-square-foot neighborhood servicing Community Center. The project architect is Y&M Architects.
The final phase of the project is the adaptive reuse of the existing 12-story building, which is expected to begin in late 2021. High Street Residential, TCC’s residential subsidiary, is responsible for the adaptive reuse of an existing 12-story office building to provide 172 multifamily units. The project, designed by Steinberg Hart, will offer a mix of studio, one- and two-bedroom units. Residents will have access to a rooftop amenity deck, 4,700 square feet of ground-floor retail and project amenities.