Townscape Partners set to demolish landmark Hollywood bank; resi complex will replace it

Los Angeles /
Mar.March 26, 2019 01:02 PM
From left: Lytton Savings building and a rendering of the 8150 Project (Credit: J. Paul Getty Trust and Townscape Partners)

By early May, Townscape Partners will likely demolish a landmark bank in Hollywood in order to build its Frank Gehry-designed mixed-use project. The 180-day stay of demolition that was issued in November expires April 30.

Preservationists, however, say they are not giving up efforts to find a new home for Lytton Savings Bank, the 1960s-era building at 8150 Sunset Boulevard, WeHoville reported.

Townscape’s project, called 8150 Sunset, will have 229 apartments, with 65,000 square feet of commercial space. Gehry’s distinctive hand is evident, with the design showing his penchant for twists, bulges and waves.

Townscape filed for permits in October after winning a two-year court battle with the L.A. Conservancy, which also tried to save the bank that was designated a historic landmark in 2016.

The conservancy returned to L.A.’s Cultural Heritage Commission last week requesting another six months to find a site to relocate the building. Another extension can only be approved by the full City Council only after a new location for the bank is found.

A feasibility report released this year found it would be impossible to move the bank because it’s larger than Sunset Boulevard is wide. The way would be to cut up the building into sections, but that could cost millions of dollars, according to the report. [Wehoville]Gregory Cornfield


Related Articles

arrow_forward_ios
Play on: LA Philharmonic completes deal for property Frank Gehry will transform

Play on: LA Philharmonic completes deal for property Frank Gehry will transform

Play on: LA Philharmonic completes deal for property Frank Gehry will transform
Action: Warner Bros. strikes major deal for its Burbank Studios

Action: Warner Bros. strikes major deal for its Burbank Studios

Action: Warner Bros. strikes major deal for its Burbank Studios
Gehry’s $1B The Grand project finally underway Downtown

Gehry’s $1B The Grand project finally underway Downtown

Gehry’s $1B The Grand project finally underway Downtown
A half-century later, crews begin demolition of Tinker Toy garage

A half-century later, crews begin demolition of Tinker Toy garage

A half-century later, crews begin demolition of Tinker Toy garage
Frank Gehry’s Sunset Strip design delayed again

Frank Gehry’s Sunset Strip design delayed again

Frank Gehry’s Sunset Strip design delayed again
Related secures $200M in bond financing for $1B Grand Avenue project

Related secures $200M in bond financing for $1B Grand Avenue project

Related secures $200M in bond financing for $1B Grand Avenue project
Townscape moves closer to demolishing landmark Hollywood bank

Townscape moves closer to demolishing landmark Hollywood bank

Townscape moves closer to demolishing landmark Hollywood bank
Frank Gehry and Wolfgang Puck team up on new LA project

Frank Gehry and Wolfgang Puck team up on new LA project

Frank Gehry and Wolfgang Puck team up on new LA project
arrow_forward_ios

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

Loading...