The Real Deal Los Angeles

Tribune co. files plans for 30-story resi tower on LA Times parking lot

Vancouver developer closed on purchase of Times complex for $105M

October 05, 2016 02:00PM

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The L.A. Times building at (Credit: Getty)

The L.A. Times building at 202 West 1st Street  (Credit: Getty)

UPDATE, 8:15 a.m., Oct. 6: The bulk of its L.A. Times complex may have been sold already, but Tribune Co. has one more trick up its sleeve.

The media conglomerate filed plans Tuesday for a 30-story mixed-use project on the Second Street parking lot, just one week after selling the adjacent L.A. Times complex to Vancouver’s Onni Group for $105 million.

The project calls for 107 condo units and 534,044 square feet of office space, Curbed reported.

Onni Group’s plans for the remainder of the Times site, which comprises three buildings, including a moderne-style structure along Spring Street, have not yet been announced. A Metro station is currently being constructed across the site between Broadway and Spring Street. [Curbed]Cathaleen Chen

Correction: A previous version of this story identified Onni Group as the developer of the parking lot project. It is Tribune Co.