The Real Deal Los Angeles

Spaces inks first deal in Hollywood during LA leasing spree

Renovated Vine Street office building features 3D theater and roof deck
December 19, 2017 02:06PM

1800 N. Vine Street (Credit: JLL)

Co-working firm Spaces signed a lease for its first outpost in Hollywood Tuesday, marking its sixth deal in Los Angeles and its second in as many weeks.

The Dutch company will take over the recently renovated, 61,000-square-foot Class A office building at 1800 N. Vine Street, according to the Los Angeles Business Journal. The three-story building is located one block north of the iconic Capitol Records Building and just south of the 101 Freeway. It’s also close to a Metro Red Line stop.

Owner Archway Holdings Corp. brought in Rios Clementi Hale Studios to give the 35-year-old building a sorely needed renovation last year, adding 20,000 square feet of usable outdoor space, including a rooftop garden, according to Urbanize LA. It also added a 3D theater and an “amenity deck” with room for more than 300 people on the first floor.

The coworking company, which is owned by office workplace giant IWG plc, better known for its Regus brand, has opened all of its LA locations since mid-2016 and is shooting to open eight by the first quarter of 2018. It most recently signed 33,400-square-foot lease at City National Plaza in Downtown. [LABJ] — Dennis Lynch