Forest City breaks starts phase two of Subway Terminal Building project

Project will comprise 133,000 square feet of multi-tenant retail space

TRD LOS ANGELES /
Jan.January 29, 2016 02:30 PM
 

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


Related Articles

arrow_forward_ios
Los Angeles County plans to clear several businesses to reopen over the next 10 days

Malls, nail salons, other LA businesses to open in next 10 days

Malls, nail salons, other LA businesses to open in next 10 days
California Market Center (Credit: Brookfield)

Brookfield lawsuit: Mom-and-pop retailers unfashionably late in paying rent

Brookfield lawsuit: Mom-and-pop retailers unfashionably late in paying rent
Macerich CEO Thomas O'Hern and Santa Monica Place mall

Macerich posts $27M loss; CEO touts physical retail

Macerich posts $27M loss; CEO touts physical retail
Gaw Capital Chairman Goodwin Gaw and DJM founder John Miller with a rendering of the project

An analysis of rent rolls at Hollywood & Highland

An analysis of rent rolls at Hollywood & Highland
Gov. Gavin Newsom

Reclose the economy: Newsom shuts down malls, restaurant dine-in

Reclose the economy: Newsom shuts down malls, restaurant dine-in
Foot Traffic At Major LA Retail Arteries Down Significantly

TRD Insights: LA retail hasn’t rebounded in these major submarkets

TRD Insights: LA retail hasn’t rebounded in these major submarkets
Carson Mayor Albert Robles and a rendering of the proposed project (Credit: The city of Carson)

Simon-Macerich mall project in Carson sparks latest legal claim

Simon-Macerich mall project in Carson sparks latest legal claim
Alicia Silverstone from the film 'Clueless', 1995, and a rendering of the Beverly Center (Credit: Paramount Pictures/Getty Images, and Beverly Center via Los Angeles Times)

For LA’s malls, lawsuits could be the next crisis

For LA’s malls, lawsuits could be the next crisis
arrow_forward_ios

The Deal's newsletters give you the latest scoops, fresh headlines, marketing data, and things to know within the industry.

Loading...