Mixed-Use and Adaptive Reuse
722 South Broadway
Downtown Los Angeles, CaliforniaRepositioning analysis and completed disposition
Project perspective
Context and Contribution
Highest-and-best-use and code analysis for a seven-story building, followed by buyer due diligence, a completed sale and a reinvestment strategy.
7Stories
$7.5MCompleted saleHistorical disposition amount; not development cost
Scope of responsibility
- Evaluated highest and best use, including residential conversion, for a nonconforming wood-framed building.
- Sourced, bid, negotiated and contracted structural engineers and code consultants.
- Worked with Planning, Building & Safety and Fire on a renovation and code-compliance framework.
- Led buyer due diligence through the completed sale and negotiated lender payoff/carve-out terms.
- Developed the 1031 strategy supporting Vermont Phase 2 acquisitions.
The story behind the work
Decisions, challenges and perspective.
Project imagery
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