An eye-catching 1928 building on Sunset Boulevard in Silver Lake has sold to ArcWest Partners, which plans to refurbish it and turn into shops and creative offices, the company announced this week.
ArcWest Partners is a joint venture between Arc Capital Partners and Belay Investment Group, LLC. Managing partner Neville Rhone tells Curbed that redoing the building will bring much-needed office space to Silver Lake, a neighborhood where moneyed creative types already live. “If we can help people not get in their cars for two hours [to drive to work elsewhere], that’s always a good thing,” Rhone says.
There are all the right features inside the building: tall ceilings, wood floors, brick waiting to be exposed, and room for what Rhone calls “a grand staircase.”
Los Angeles architect Barbara Bestor of Bestor Architects will helm the redesign.
Bestor was the lead on the Silver Lake Conservatory of Music, and she always seems to be juggling the restorations of homes designed by organic modernist John Lautner, from the painfully gorgeous Silvertop in Silver Lake to a “lost” Lautner in Echo Park.
Rhone says work should take about a year, but that Industry Partners, the leasing agents for the office space, have already seen some interest from media companies and production firms.
Meanwhile, ArcWest is in the process of restoring the Chapman Plaza, which it purchased last year.
- New Owners Giving Koreatown’s Historic Chapman Plaza a Makeover [Curbed LA]
- Flea's 1930s music conservatory unveils its stylish new campus [Curbed LA]
Comments
So that’s why they kicked the Syren Store out of that building then I take it?
By TheRealMonty on 06.16.17 10:21am
Yep, the retail businesses had to go before a full renovation could happen. I’m sure that includes the yoga studio as well. It’s a very interesting building, with the Deco masks included at the top of the building, along with other details. I hope they’ll preserve them and give that place a lot of TLC. It’d be great to see it spiffed up (I live at the top of the hill behind the building, so I see it constantly – call me selfish, but I want it looking great, and I want something wonderful to take the place of the restaurant next door to that building as well).
By AngelusLiving on 06.17.17 4:46pm
This could very well revitalize what is a very sad to be avoided and down on its luck section of Sunset Blvd. Very very exciting to imagine that the upscale amenities that we are enjoying several blocks to the west could spread east. Could this be where the much talked about Officina Profumo Farmaceutica di Santa Maria Novella east side location lands?
By lady who lunches on 06.18.17 8:46am