Forest City Realty Trust has begun construction of the second development phase of its Subway Terminal Building project, located at 417 South Hill Street in Downtown Los Angeles, the company announced Thursday.
The phase will involve the development of the ground floor and two subterranean floors of the building, once the home of the historic “Red Car” Subway Station, into 133,000 square feet of multi-tenant retail space.
“Redeveloping the ground floor and basement areas represents the continuation of our vision to create the premier mixed-use community in Downtown Los Angles,” said Kevin Ratner, president of Forest City West.
JLL agents Lorena Tomb and Danielle Cornwell are marketing the retail space for lease on behalf of Forest City.
Phase one, which has since been named Metro 417, involved the development of 277 loft-style homes. – Katherine Clarke