• 0
  • Home
  • About Us
  • What We Do

Shopping Cart

GPAM
  • Home
  • About Us
  • What We Do

Five-story project aims to fill demand for Hollywood offices

BARDAS Investment Group's David Simon and Echelon at 717 Seward project (BARDAS Investment Group, Getty)
BARDAS Investment Group’s David Simon and Echelon at 717 Seward project (BARDAS Investment Group, Getty)

A local developer has pushed ahead with plans to demolish a century-old building and replace it with a five-story office complex in Hollywood.

Bardas Investment Group, based in West Hollywood, has received approval from the L.A. Planning Commission to build a 67,000-square-foot building at 717 Seward Street, near Hancock Park, Urbanize Los Angeles reported.

The 74-foot-tall development at Seward and Melrose Avenue, dubbed Echelon at 717 Seward, would replace a parking lot and a 1920s commercial building in the Hollywood Media District.

The project, designed by Otherworks, based in the Arts District, features a series of white, corrugated and glass blocks, offset by landscaped terraces and ground-floor patios.

The office building would feature a small ground floor retail space and a two-level underground parking garage for 168 cars.

After an unscheduled groundbreaking, construction is expected to take from 20 to 22 months.

At a Planning Commission hearing, neighbors objected to the project, saying it was out of scale with the area. They said large buildings like the Echelon should be built elsewhere in Hollywood.

Representatives of L.A. City Councilmembers Mitch O’Farrell and Paul Koretz, who represent the surrounding area, echoed the concerns raised by neighbors.

The arguments fell flat with planning commissioners, who said the project site was located in a part of the draft Hollywood Community Plan area, designated for job-creating uses, according to Urbanize.

The commissioners also pointed to TV and film productions going outside of the City of Los Angeles because of a lack of available facilities.

Bardas has worked to capitalize on strong demand for Hollywood office properties.

In 2020, it paid $23.4 million for the 13,000-square-foot Art Deco building at 729 Seward Street, next to its current Echelon project.

It plans a number of large and mid-sized projects in Hollywood, including new buildings off of Santa Monica and Cahuenga boulevards, plus the $420 million Echelon Studios complex near the 101 Freeway.

– Dana Bartholomew

[contact-form-7 404 "Not Found"]
Read more
  • Bardas Investment, Bain expand $420M Echelon Studios plan
  • Bardas Investment pays $23M for Seward House in Hollywood
  • Hollywood investor goes to school on studio trend

The post Five-story project aims to fill demand for Hollywood offices appeared first on The Real Deal Los Angeles.

Powered by WPeMatico

  • 01 August 2022
  • The Real Deal
  • Uncategorized
  •  Like
Meet Rick Caruso’s successor-in-waiting: Corinne Verdery →← OC billionaires reconfigure residential portfolios
  • Recent Posts

    • Late Quincy Jones’ manse in Bel-Air seeks $60M May 12, 2025
    • Mystery buyer of $51M warehouse in Lake Forest revealed May 12, 2025
    • Trump orders VA to build 6K homes for veterans in West LA May 12, 2025
    • Carolwood asks “why wouldn’t we” as brokerage launches private listings portal May 10, 2025
    • Post-wildfires, shipping containers, 3D-printed homes provide temporary shelter May 9, 2025
  • Recent Comments

    • Archives

      • May 2025
      • April 2025
      • March 2025
      • February 2025
      • January 2025
      • December 2024
      • November 2024
      • October 2024
      • September 2024
      • August 2024
      • July 2024
      • June 2024
      • May 2024
      • April 2024
      • March 2024
      • February 2024
      • January 2024
      • December 2023
      • February 2023
      • January 2023
      • December 2022
      • November 2022
      • October 2022
      • September 2022
      • August 2022
      • July 2022
      • June 2022
      • May 2022
      • April 2022
      • March 2022
      • February 2022
      • January 2022
      • December 2021
      • November 2021
      • October 2021
      • September 2021
      • August 2021
      • July 2021
      • June 2021
      • May 2021
      • April 2021
      • March 2021
      • February 2021
      • January 2021
      • December 2020
      • November 2020
      • October 2020
      • September 2020
      • August 2020
      • July 2020
      • June 2020
      • May 2020
      • April 2020
      • March 2020
      • February 2020
      • January 2020
      • December 2019
      • November 2019
      • October 2019
      • September 2019
      • August 2019
      • July 2019
      • June 2019
      • May 2019
      • April 2019
      • March 2019
      • February 2019
      • January 2019
      • December 2018
      • November 2018
      • October 2018
      • September 2018
      • August 2018
      • July 2018
      • June 2018
      • May 2018
      • April 2018
      • March 2018
      • February 2018
      • January 2018
      • December 2017
    • Global Property and Asset Mangement, Inc.
      137 North Larchmont
      Los Angeles, California 90010
      +1 213-427-1127

    © 2025 GPAM