Extreme makeover: Wells Fargo Center gets $60M atrium rehab

The Brookfield-funded public space, called Halo, will include new restaurants and bars

TRD LOS ANGELES /
Apr.April 05, 2018 10:25 AM
The Wells Fargo Center in Downtown LA

UPDATED, April 5, 2:20 p.m.: Brookfield has decided it’s time for a dramatic makeover at Downtown’s Wells Fargo Center.

The asset manager is spending $60 million to renovate its outdated atrium and replace it with an airy new indoor-outdoor space it’s calling Halo, according to the Los Angeles Times. The new space will feature restaurants, bars, and coffee shops and is meant to attract the public along with the people working in the Wells Fargo Center’s two office towers.

Around 5,000 people work at the Wells Fargo Center, which features two offices towers of 54 and 45 stories. Brookfield purchased the Wells Fargo Center in 2014 in a larger portfolio purchase worth around $3 billion.

The renovation will take the Wells Fargo Center, at 333 South Grand Avenue, out of the 1980s — when the complex was designed — and more in line with contemporary workplace sensibilities, according to the Times..

Halo will include bike storage lockers, showers, and yoga, fitness, and meditation classes. Brookfield will also host lectures and concerts, the firm said. It’s set to open sometime next year.

Brookfield enlisted famed architecture firm Skidmore, Owings & Merrill to design the new space. The firm also designed the Wells Fargo Center, at a time when prime office properties “were developed as corporate enclaves with the intent of being rather insular and secure,” according to the company’s design director, Paul Danna.[LAT] — Dennis Lynch

Correction: An earlier version of this story incorrectly said the atrium will be demolished.


Related Articles

arrow_forward_ios
Greenland Holdings has already decided to sell one downtown Los Angeles Metropolis tower and convert another into apartments, as it struggles to sell two others.

Can influencers and college students save Greenland’s Metropolis?

From left: Nuveen CEO Vijay Advani, Graymark founder/CEO Brian Hecktman

Graymark, Nuveen pay $97M for El Segundo creative office

Twin 44-story Century City Plaza Towers

Hines, JPMorgan asset arm nab $1.2B refi on Century City office twin towers

La Mirada industrial building

Clarion pays $77M for La Mirada industrial project

510 Park Avenue and CEO of Monster Beverage Rodney Sacks

Monster Beverage affiliate guzzles down industrial project in San Fernando

KTGY CEO Tricia Esser and the Trust Building

Rising Realty signs KTGY Architecture as first tenant at renovated Trust Building

From left: Saeed Nourmand, Michael Nourmand, Grant King and Richard Heyman

Relevant Group sues Nourmand & Associates’ founder, alleging extortion over hotel projects

Centennial founder and CEO Steven Levin with a rendering of the project

Centennial Real Estate approved for sprawling $300M mixed-use village

arrow_forward_ios