Developer plans to turn 60s-era bank building in Pico-Union into hotel

Is the hotel boom in Downtown spilling west across the 110 Freeway? There’s at least one new hotel proposed for Pico-Union, just on the other side of the freeway from LA Live and the South Park neighborhood.

The developers, listed as Union & Grattan Properties LLC in plans filed Tuesday with the city, are looking to transform an office building at Union Avenue and Olympic Boulevard into a 200-room, five story hotel with an approximately 2,000-square-foot rooftop restaurant and “garden terrace” about three times that size, square-footage-wise.

Plans also call for a nearly 4,200-square-foot restaurant at ground level.

The plans indicate the developers are aiming to adaptively reuse the building, which according to city records, was built in the mid-1960s.

This is at least the second new hotel proposed for the neighborhood in the last couple of years. Further west, near Olympic and Alvarado, plans were filed for a new five-story hotel with underground parking and 149 rooms.

• ENV-2016-4752-EAF [Department of City Planning]
• Mapping Downtown's Incredible New Hotel Boom [Curbed LA]
• First Major Sign of Gentrification Arrives in South-Park-Adjacent Pico-Union [Curbed LA]