Transit-Oriented 3-Site Redevelopment to bring New Office Tower, Community Center, Retail, and Residential Units
Trammell Crow Company (TCC) and High Street Residential (HSR), in a public-private partnership with the County of Los Angeles, Public Facilities Group (PFG) and Meta Housing Corporation, announces that construction has officially begun on Vermont Corridor. 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.
“We are thrilled to commence construction on this unique project which will transform this neighborhood, and bring much needed County services and housing into the community,” said Greg Ames, Managing Director with TCC’s SoCal – Los Angeles Business Unit. “We are fortunate to have great neighbors, an excellent project team and an outstanding partner in the County of Los Angeles.”
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 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 Q4 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 is 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.
About High Street Residential
High Street Residential, a wholly-owned operating subsidiary of Trammell Crow Company, specializes in the development of multifamily housing. We have a deep background in urban, infill mixed-use residential development, as well as the redevelopment or repurposing of existing facilities. In the last 15 years, the firm has completed 4,600 units totaling over $1.2 billion.
About Trammell Crow Company
Trammell Crow Company (TCC) is a global commercial real estate developer and wholly-owned subsidiary of CBRE Group, Inc. (NYSE:CBRE), a Fortune 500 and S&P 500 company headquartered in Dallas. Founded in 1948, TCC has developed or acquired nearly 2,900 buildings valued at $75 billion and over 655 million square feet. As of December 31, 2022, TCC had $16.9 billion of projects in process and $12.9 billion in its pipeline. It employs 700 professionals in 27 major cities throughout the United States and Europe. The company serves users of and investors in office, industrial/logistics, healthcare, life sciences and mixed-use projects, as well as multi-family residential through its operating subsidiary High Street Residential. For more information visit www.TrammellCrow.com.