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

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Half a mile west of LA Live

A screenshot of the location, seen via Google Street View, from the intersection of Union and Olympic. Google Maps

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.