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New Lease on Life for Hollywood's Security Pacific Bank

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[Photo via Wikipedia]

Someone's preserving something in Hollywood--plans were submitted to the city this week for that adaptive reuse of the Security Pacific Bank Building on the northeast corner of Hollywood Boulevard and Cahuenga. (One of the bank's other old LA buildings is now the Bank of America plaza downtown.) As we wrote in October, developers are looking to turn the building into a 80-room hotel. The plans also call for a restaurant, nightclub, and spa, and a rooftop bar, cafe, and pool area, and request the demolition of the one-story building just north of the bank building (But what about the Sharky's?) for a 120-space parking structure with ground-floor retail. Property Shark lists the owner as Bolour Trust. UPDATE: Oops, that was the old owner. The new owner is Jeff Records.

The seven-story Security Pacific Bank Building was built in the early twenties by John Parkinson and Donald B. Parkinson, Architects, who also designed Bullocks-Wilshire, Union Station, and the Memorial Coliseum. It's been on the National Register of Historic Places since 1983, and according to the Hollywood Chamber of Commerce, was where Howard Hughes kept his jewels, Cecil B. DeMille got his funding, and Wyatt Earp, Charlie Chaplin, and the Three Stooges banked. Raymond Chandler's Philip Marlowe held fictional offices on the sixth floor.
· Hotel Proposed for Hollywood's Cahuenga Building [Curbed LA]
· Security Pacific Building [LoopNet]