As rumored, Shahram and Shahriar Afshani, owners of the early twentieth century-era Broadway Trade Center, are putting it on the market with hopes for a major renovation. The brothers' real estate agent put out a call for offers, hoping someone will be interested in converting the huge commercial property--1,080,000 square feet--into a mixed-use property. Originated by Hamburgers Department Store, currently occupied by sewing factories on the upper floors and discount stores on the ground floor, the BTC could become home to condos, offices, or hotel rooms (and hopefully a scrub-down as it's covered in a layer of filth). The owners hope the new owner "cut[s] a hole in the middle so there's a courtyard, and add a few floors up top with all the floor area they'd lose to said courtyard." Marketing materials emphasize BTC's proximity to the coming ACE Hotel, Urban Outfitters, and the streetcar route, which will open God-knows-when.
· Redevelopment Rumored at Downtown's Huge May Co. Building [Curbed LA]
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