Facility is the Prototype for Urban Dealerships, Vertically Integrated to Maximize Efficiency and an Interactive, Hospitality-Oriented Showroom
LOS ANGELES, CA – Construction commenced today on the new Toyota Dealership of Downtown Los Angeles, located at the corner of Figueroa and Washington. The 4-tier, 290,000-square-foot facility will feature a 22,600-foot, 2-story showroom with vehicle display along Figueroa, a 40-car bay below grade service department and a wholesale and retail parts boutique. The new facility is an expansion of the already thriving Toyota of Downtown Los Angeles, currently located north of the site. The project is expected to compete in the fall of 2017.
“We purchased the store three years ago and our sales have grown exponentially,” said Darryl Holter, CEO of the Shammas Group. “The new Toyota of DTLA will accommodate that growth and give our valued customers a great environment for sales and service.”
Toyota of Downtown LA is one of eight automobile dealerships owned by the Shammas Group and is a member of the Downtown LA Auto Group, which employs more than 300 people in the downtown area. The dealership has contributed over $23 million in local sales tax since it was purchased in 2012 and named into the Toyota Motor Sales Governor’s Circle in 2015.
“This new state-of-the-art facility will allow us to better serve our customers,” said Richard Romero, General Manager of Toyota of DTLA. “It will enhance the Figueroa corridor and be an asset to the surrounding community.”
The 1.6-acre site is located on the southwest corner of Figueroa and Washington. With a pedestrian-oriented front door that opens onto the adjacent sidewalk, and a project that extends lot line-to-lot line, guests will be greeted with an inviting hospitality-oriented space, designed with sustainability and comfort in mind.
“This facility will serve as the prototype for urban dealerships, vertically integrating the uses to maximize efficiency, and featuring an interactive, hospitality-oriented showroom,” said Abbey Ehman
with Trammell Crow Company’s SoCal-Los Angeles Business Unit
. “The store was designed to enhance connectivity and blend into the urban fabric, with a façade that meets the sidewalk and a dramatic double height showroom. “
“Since Toyota of Downtown L.A. was established in December 2012, they have grown by more than 126 percent in three short years. This growth and a desire to improve the Toyota customer experience has Toyota of Downtown L.A. investing in the what will be the new prototype of an urban dealership. A dealership that makes the most efficient use of space, energy and technology to provide the needed services to the downtown Los Angeles customer.” said Jim Moran with Toyota.
Trammell Crow Company
is developing the building. The project architect is PDS Architects, ConAm Building Company serves as the contractor and Ware Malcom is the tenant improvement architect and overseeing interior design.
About Trammell Crow Company
Trammell Crow Company (TCC), founded in 1948, is one of the nation’s leading developers and investors in commercial real estate. The Company has developed or acquired more than 2,600 buildings valued at more than $60 billion and over 565 million square feet. As of March 31, 2016, TCC had $7.1 billion of projects in process and $3.1 billion in its pipeline.
Trammell Crow Company’s teams are dedicated to building value for its clients with professionals in 16 major cities throughout the United States. The company serves users of and investors in office, industrial, retail, healthcare, multi-family residential, through its operating subsidiary High Street Residential and mixed use projects. For those who occupy real estate, TCC can execute the development or acquisition of facilities tailored to meet its clients’ needs. For investor clients, the company specializes in joint venture speculative development, acquisition/re-development ventures, build-to-suit development or providing incentive-based fee development services.
TCC is an independently operated subsidiary of CBRE Group, Inc. (NYSE:CBG), a Fortune 500 and S&P 500 company headquartered in Los Angeles, and the world’s largest commercial real estate services and investment firm (in terms of 2015 revenue). For more information visit www.TrammellCrow.com.