THE GRAND LIFE - kevinbdaniels.com · HOW IT ALL STARTED California Plaza was completed in 1992 by...
Transcript of THE GRAND LIFE - kevinbdaniels.com · HOW IT ALL STARTED California Plaza was completed in 1992 by...
Two California Plaza (now known as 2CAL) is a premier office building located in the Bunker Hill District of downtown Los Angeles, California at 350 South Grand Avenue.The tower is part of the California Plaza project, consisting of two unique skyscrapers, One California Plaza and Two California Plaza. 2CAL is one of the tallest office buildings in downtown Los Angeles and is home to lawyers, accountants, bankers and other top professionals.
The Water Court, a 1.5 acre development that encompasses 2CAL, includes water fountains and retail shops, and is at the top of the funicular railway Angels Flight. Callifornia Plaza is also home to the Museum of Contemporary Art (MoCA), an apartment tower, the Colburn School of Performing Arts, and the Omni Hotel.
In recent years, the center of downtown development has shifted just a few blocks south. New urban housing developments are being constructed, while bars and restaurants have already transformed the financial district. This is all within walking distance of Staples Center and the emerging South Park neighborhood.
Bunker Hill is poised for a comeback as new owners bring millions to invest in property improvements near Walt Disney Concert Hall. Additions include the $130-million Broad Museum (opening fall 2015), Grand Park and the resurgence of Grand Central Market.
Year Built: 1992 Number of Floors: 52
Architect: Arthur Erickson Architects
Parking Ratio: 3/1000 - Unreserved, Reserved
Ownership: CIM Group Security: 24 hour, guarded security
Total Rentable SF: 1,329,800 SF Elevators: 26
Height: 751 Feet Certifications: LEED Platinum
BUILDING FACTS
T H E G R A N D L I F E
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HOW IT ALL STARTED
California Plaza was completed in 1992 by Hathaway Dinwiddie Construction Company. The towers were designed by Arthur Erickson Architects. California Plaza was a ten year, $1.2 billion project. Breaking ground in 1983, the 1,329,000 square feet of office space at 2CAL was completed in 1992, during a significant decline in the downtown Los Angeles real estate market.
The original plan for California Plaza was to include three high-rise tower office buildings. Three California Plaza at 65 floors, was planned for a site just north of 4th St., where the current Angels Knoll park is located.
The previous owners of 2CAL, MPG Office Trust, let the property go into receivership in 2012. A tenant since 2000, Deloitte recently moved out of the building to the nearby Gas Company Tower, leaving 10 vacant floors of class-A office space available.
In 2014, CIM Group bought the building and started making improvements to the restaurants and shops.
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FLOOR 16 - 12,467 RSF
FLOOR 19 - 12,467 RSFFLOOR 20 - 12,467 RSF
S PA C E I SE S S E N T I A L
3 F LO O R S AVA I L A B L E3 7, 4 0 1 R S F
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S PA C E I S E S S E N T I A L
• Flexible design for changing workspace• Column-free 12,467 RSF floor-plate• Accommodates both open plan and perimeter office design• Dramatic window line maximizes views in every direction• Building signage available
FLOOR SPECS
N4
PARKING AND TRANSPORTATION
A C C E S S F R O M E V E R Y W H E R E
Centrally located in downtown Los Angeles, 2CAL is easily accessible from all four major freeways (US Route 101, Interstate 110, Interstate 10 and US Interstate 5). The Metro Red and Purple lines can be accessed at 4th Street and Hill Street, just a few blocks south of the property.
There are several options for tenant and guest parking within the area. Beneath 2CAL there is a 3/1000 ratio of reserved, unreserved spaces. Additonally, several parking lots/garages are nearby for daily or monthly use. Shuttles are available at these lots for employees to be transported to and from 2CAL.
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CURRENT 2CAL TENANTS:Reliance Steel & AluminumWest Coast Trial Lawyers
CURRENT RETAIL TENANTS:Asiago Grilled CheeseBlue Cow KitchenCarolyn’s Hair SalonCorporate CleanersDan’s DeliFamimaGeorge’s Greek GrillMendocino FarmsMixt GreensSaffronPanda ExpressShoe MastersStarbucksStems FloristU.S. Post Office
ENTERTAINMENT:The BLOCBroad Museum (fall 2015)ChinatownDodger StadiumFIGAT7THGrand ParkMoCALA Live!Pershing SquareStaples CenterWalt Disney Concert Hall
EATS:Bunker Hill Bar & Grill California Pizza KitchenGrand Central MarketNick + Stef’s SteakhouseMcCormick & Schmick’sPatina
HOTELS:Ace HotelMillenium Bitlmore HotelOmni Hotel The Standard HotelThe Westin Bonaventure
LOCAL BUSINESSES:Bank of AmericaCapital GroupCB Richard EllisGibson, Dunn & CrutcherJP Morgan KPMGLatham & WatkinsMicrosoftOaktree CapitalSkaddenWells Fargo
NEARBY AMENITIES
STAPLES CENTER
INTE
RSTA
TE 1
10
US ROUTE 101
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2CAL is located in the Bunker Hill District of downtown Los Angeles. There is an abundance of retail shops within the property’s Water Court to suit your needs. In addition, a short walk will lead you to high-end restaurants, hotels, museums and parks.
W O R K . E AT. P L AY.
CIM GROUP4700 WILSHIRE BOULEVARDLOS ANGELES, CA 90010P.323.860.4900F.323.860.4901
JIM A. WALKERVICE PRESIDENTLEASINGDIRECT 323.860.4874MAIN 323.860.4900FAX 323.446.7016
DAVID ATTARVICE PRESIDENTLEASINGDIRECT 323.860.4939MAIN 323.860.4900FAX 323.843.9962
INVESTING IN URBAN COMMUNITIES
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