Historic Herald Examiner building marks latest revival in DTLA development boom

Landmark building on South Broadway currently undergoing $50M renovation

Los Angeles /
Dec.December 07, 2017 03:00 PM
Postcard of Downtown LA’s historic Herald Examiner (Credit: Wikimedia Commons)

The next tenant at the former home of the Herald Examiner newspaper is more likely to produce prime rib than it is Pulitzers.

Restaurateurs Walter and Margarita Manzke, owners of popular La Brea bistro Republique, have inked a deal to open a bistro at the under-renovation property, set to open in two years, the Los Angeles Times reported.

The restoration joins adaptive reuse projects in the surrounding area, including Hudson Pacific Properties’ historic Maxwell Coffee Building in the Arts District, the Ace Hotel at 929 S. Broadway and the three-story Jordan Brand in the same Broadway Corridor.

It’s unclear what type of eatery the restaurateurs will launch in the 1914 building, but considering the scope of the renovation, it’s likely to be more high-end than its other locations.

Designed by architect Julia Morgan, the landmarked building features an elaborate lobby and grandiose arched windows facing Broadway. The site, built by newspaper mogul William Randolph Hearst, has remained largely inactive except for film shoots since the newspaper shut down in 1989.

Like several other historic sites in Downtown, the property is coming back to life with the help of a $50 million renovation and a new landlord.

After purchasing the building in 2015, New York-based Georgetown Co. and its minority partner Hearst announced plans to restore the building into leasable offices featuring restaurants and shops on the ground floor. “The idea is to activate the street,” Georgetown executive Michael Fischer told LAT.

The renovation — set to begin next year — will include stripping the interiors, opening up the windows and restoring the property’s skylights. [LAT]Natalie Hoberman


Related Articles

arrow_forward_ios
Red Mountain Retail Group's Michael H. Mugel with 11901-12089 Central Ave (Red Mountain, Newmark, iStock)
Red Mountain goes shopping for retail in Inland Empire
Red Mountain goes shopping for retail in Inland Empire
3440 Lomita Boulevard (Loopnet)
Cedars-Sinai buys medical office building in South Bay
Cedars-Sinai buys medical office building in South Bay
GI Partners' Rick Magnuson and One Wilshire (GI Partners, One Wilshire)
Here’s how much tenants are paying at One Wilshire in DTLA
Here’s how much tenants are paying at One Wilshire in DTLA
Link Logistics' Luke Petherbridge with 5200 Sheila Street (Link Logistics, iStock)
Aerospace outfit leases 115K sf warehouse in Commerce
Aerospace outfit leases 115K sf warehouse in Commerce
Bicycle Hotel and Casino (google Maps, iStock)
Investor scores $210M for Bell Gardens casino deal
Investor scores $210M for Bell Gardens casino deal
Dollinger Properties' Dave Dollinger and Plaza at Golden Valley mall (Crexi, Getty Images)
$54M for Santa Clarita retail center
$54M for Santa Clarita retail center
1633 Victory Boulevard, Glendale and Senior Planner at City of Glendale Dennis Joe (Google Maps, LinkedIn)
New owner wants to enlarge controversial Glendale hotel project
New owner wants to enlarge controversial Glendale hotel project
Coretrust Capital Partners' Thomas Ricci, Randall Scott and John Sischo; 444 S. Flower Street, Los Angeles (444 South Flower, iStock, Coretrust Capital Partners)
Coretrust leases 44K sf of offices to law firms in DTLA
Coretrust leases 44K sf of offices to law firms in DTLA
arrow_forward_ios

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

Loading...