Downtown's giant Broadway Trade Center is now shrouded, undergoing a restoration of its exterior, columns, and archways, but the most dramatic part of the work to transform the 1.1-million-square-foot structure hasn't even begun yet. The overhaul will turn the eight-story, 1906 building into a 15-story structure with the addition of five mezzanine-type levels inside and three rooftop levels, says the Downtown News, bringing with it a food hall, bars, retail, a hotel, a rooftop public park, and more. Here's how it'll all break down:
First floor: This floor will house the Earth Market. Intended as "a twist on Grand Central Market," the space will hold 20 smaller food vendors and four full-scale restaurants. The renovation will also create a mezzanine that looks out on the market; that space will have four bars. This floor will also have retail, and the plan now is to find three major tenants who would serves as anchors, taking up between 15,000 and 30,000 square feet.
Second floor: Nothing mentioned for the second floor. Wait and see?
Third and fourth floors: Office space. Apparently, the big contenders for the leases are major tech companies; as many as 3,000 people could be working from these floors.
Fifth and sixth floors: These floors would be occupied by a restaurant, bar, spa, and private club.
Seventh floor: Rooftop access! The 42,000-square-foot roof will hold a public green space, one restaurant, two bars, and an Olympic-sized pool. This is where movie screenings, concerts, and other events would likely take place.
Though there are no specifics yet, the 153-room hotel would be somewhere on the upper floors (with an entrance, lobby, and bar at street level). Parking for between 400 and 600 cars would be underground, in the basement; the current plan is to have a robo-garage, similar in concept to the one being built in West Hollywood. Original marquees at the building will also be restored. All this is anticipated to be finished in anywhere from 24 to 30 months.
Waterbridge Capital bought the BTC for $130 million last April. (Since then, they've formed a subsidiary, Broadbridge, which is now listed as the owner of the building.) There's no word on how much the renovation is expected to cost.
· Big Plans Presented For Broadway Trade Center [DN]
· First Look at the Mixed-Use Mini-City Headed For Downtown's Broadway Trade Center [Curbed LA]