1930 Wilshire Project
Commericial, Mixed Use, Redevelopment
Description:
The City of Los Angeles has approved land-use entitlements for the adaptive reuse of a historic building into a 220-room hotel, and new construction of a multi-cultural and performing arts center and a 41-story mixed-income apartment tower on a site within 300-feet of the Metro subway portal. The proposed project represents the single-largest private investment in MacArthur Park today.
Contact:
Walter & Aesha Jayasinghe Family Trust
c/o: William Lowery, Talo Management Group,
(323) 617-5445, william@
Potential Market/Users:
Area redevelopments include; An $80 million expansion of the Good Samaritan Hospital; $1.674 million investment in pedestrian infrastructure improvements through the 2007 METRO Call-For-Projects; $2 million in upgrades to MacArthur Park through the 2014 Prop 1C Housing-Related Parks Grant, MacArthur Park Capital Improvements; County of Los Angeles Proposition A funded land acquisition for improvement as a pocket park by the Los Angeles Neighborhood Land Trust; Community programs such as the Los Angeles Neighborhood Land Trust community outreach program to clean-up MacArthur Park, and the “Keep It Clean Campaign” spearheaded by the office of Council Member Gilbert Cedillo, First District.