Developer BARDAS Investment Group has released design plans for its campus-style office complex in Hollywood, a project that could benefit from growing demand for media and production space.
The 68,000-square-foot office will be five floors and occupy the corner of Melrose Avenue and Seward Street, according to Urbanize.
BARDAS is doing everything it can on this block, having purchased a neighboring historic office building, the Seward House, for $ 23 million in March 2020. The company is launching its new office building as part of a larger environment of 100,000 square foot campus type. with the Seward House.
The West Hollywood-based company included renderings and details of the project ahead of a presentation scheduled for Tuesday to the Greater Wilshire Neighborhood Councils Land Use Committee. The group can recommend changes to the project for approval. BARDAS needs the city to approve a zone change and certain other discretionary rights.
Renderings show an all-white facade and two-story floor-to-ceiling windows facing Melrose Avenue. The setbacks in the design allow terraces and balconies on several floors.
The overall Los Angeles office market plummeted in the year following the pandemic, but there was strong demand for media and production-related offices, which could support the Hollywood project.
The BARDAS development site is near the 261,000 square foot Hollywood 959 complex which sold for $ 186 million in late December. Developer JH Snyder Co. sold the complex to Lincoln Property Company.
[Urbanize] Dennis lynch
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