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Keck School of Medicine, USC Soto Building

120K SF administration building on USC's Health Sciences campus in Downtown Los Angeles.

Project Details

Location

Los Angeles, California

Product Type

120,000-square-foot administration building on USC's Health Sciences campus in Downtown Los Angeles consisting of:
  • 92,000 square feet of administration space
  • 10,000 square feet of classroom space
  • 11,500-square-foot fitness center
  • 6,000-square-foot café

Timeline

Project Completion: Q3 2011

Overview


Trammell Crow Company was selected by the University of Southern California, from a pool of 17 development teams, to ground lease a 5.3-acre property adjacent to the University’s Health Science Campus in downtown Los Angeles, create a financing structure to execute the project, and then develop the administrative office building, which USC would lease back on a concurrent 20-year lease term.

Solutions & Outcomes


TCC's strategy included:

  • Implement entitlement and project approval process with City of Los Angeles in parallel with design to fast-track execution
  • Create conduit structure to finance the project through a tax-exempt bond issuance at less than 4% interest
  • Layer negotiated incentives for entire team, tiered toward cost management, budget management, and overall successful delivery
  • Bifurcate core & shell design and budget from TI design and budget to maintain fast-track project schedule for USC

The project was a resounding success, opening in August 2011, 4.5 months ahead of USC’s required schedule and $2M under budget.

Quick Facts

Architect

AECOM

Contractor

Hathaway Dinwiddie

Contact

Greg Ames
Greg Ames
Managing Director
+1 (310) 363-4706
+1 (310) 363-4723
Nancy Moses
Nancy Moses
Senior Vice President
+1 (310) 363-4709
+1 (310) 363-4723

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