DALLAS, TX – Real Estate Forum Magazine has recognized Trammell Crow Company’s iconic Los Angeles project, 2000 Avenue of the Stars, as a Pioneering Project: Developments That Make a Difference for 2015. The award was given to projects completed over the last decade that are impressive in their own right and were found to have made measurable impacts on their communities or the greater commercial real estate industry.
2000 Avenue of the Stars, part of the larger Century City complex first developed in 1972 in West Los Angeles, underwent a dramatic redevelopment in 2004, replacing the once-iconic ABC building and Shubert Theater. TCC determined the best and highest use for ownership would be to demolish the building and began redevelopment on a new Trophy Class A office building over a functioning six-level subterranean parking structure, the project was completed in November 2007. 2000 Avenue of the Stars is a 790,000-square-foot, $450 million trophy office project comprising of two twin premiere interconnecting office towers, a 4-acre centerpiece park, destination dining, 30,000-square-foot Promenade of Cafes and the 10,000-square-foot Cultural Arts Pavilion now operated as the Annenberg Space for Photography.
The design of the building is accentuated by a 100x100-foot aperture effectively dividing the structure into two separate-but-connected towers. The envelope of the building consists of unique sun-storm coated aluminum and Low-E blue-tinted glass and an independent Central Plant, with a unique economizer mode, allowing for maximized use of ambient outside air temperature. Avenue of the Stars holds a LEED-EB Silver certification. Water saving features include water efficient automatic faucets, saving 20 percent in annual water consumption; while high efficiency lamp and ballast, and microprocessor lighting control systems optimize energy use.
“Being selected as a Pioneering Project is a prestigious honor,” said Trammell Crow Company’s Los Angeles Business Unit
Senior Managing Director Brad Cox
. “Surrounded by rich amenities such as the Century Plaza Hotel and Westfield Shopping Center, Century City provides a professional home to 40,000 daily employees and is home to over 6,000 residents. We are thrilled to have been a part of this redevelopment nearly a decade ago.”
In the distinguished company of the famed Century Plaza Towers, Avenue of the Stars has been cast as part of the all-new Century Park in Century City—once more positioning this historic location to play a starring role in the business, entertainment and cultural life of Los Angeles. The building is anchored by Creative Artists Agency (CAA) and other tenants include The Annenberg Foundation, Craft restaurant, Ares Management, Canyon Partners, Morris Yorn Barnes & Levine Law Firm, Imperial Capital, Fidelity Investments, UBS and Comerica Bank.
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 nearly 2,600 buildings valued at nearly $60 billion and over 540 million square feet. As of March 31, 2015, TCC had $5.5 billion of projects in process and $3.6 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 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 2014 revenue). For more information visit www.TrammellCrow.com.