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Old February 27th, 2014, 10:55 PM   #1
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LOS ANGELES | 525 S. Spring St. | 128m | 420ft | 40 fl | Pro


Veteran Developer Planning 40-Story Tower for Historic Core

Joseph Hellen Aims to Get in on the Ground Floor of What He Thinks Is a High-Rise Movement

Posted: Friday, September 13, 2013 10:23 am | Updated: 5:13 pm, Fri Sep 13, 2013.

Joseph Hellen, a longtime Downtown landowner who in recent years has created nearly 300 apartments by turning century-old buildings into housing, has what he considers to be the perfect addition to the Historic Core: a 40-story residential tower that would rise between his Spring Arcade Building and the Alexandria Hotel.

The concept of erecting a steel and glass high-rise amidst mid-level early 20th structures might strike some as architecturally jarring, but the 87-year-old Holocaust survivor believes this is a defining time for Los Angeles, and if it wants to be considered a “world class city,” he said, it should exhibit world-class high-rises.

During an interview Tuesday in the offices of his Central City real estate and development firm, Downtown Management, Hellen described how he has scrapped various plans for the site that had been considered over the past eight years. In August 2012, he envisioned a 12-story apartment complex on the property in the 500 block of South Spring Street.

Instead, he has hired a new architecture team, Martinez + Cutri Corporation, which has worked up renderings for the mammoth structure that folks are more apt to see in South Park than the Historic Core.

“It is a show building for Los Angeles,” said Hellen, who spends most of his time in Melbourne, Australia, and travels to Downtown to oversee his business interests a few times a year.

Preliminary cost projections for the Spring Street apartment project’s basic core and shell are $120 million, with the likelihood of a much higher price tag depending on the quality of the residential finishes, Hellen said. The company is looking to create 252 units, which will be built to condominium specs, though the plan is initially to market them as apartments.

Known for financing his buildings out of his own pocket, Hellen said he is not seeking a construction loan at this time, and plans to use existing resources to fund the project.


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Last edited by desertpunk; April 1st, 2015 at 06:44 AM.
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Old February 28th, 2014, 02:14 AM   #2
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Not sure that rendering is "world class" but the height is great for the area. I hope that's just a massing model. It would be great if this moves forward and the design changes drastically as plans come together.
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Old April 1st, 2015, 06:43 AM   #3
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New Plan for 40-Story Historic Core Tower Includes Revamp of Three Broadway Theaters

Downtown developer Joseph Hellen has unveiled a redesigned version of his big new high-rise set for 525 Spring Street (site of a parking lot), and it looks like a cool departure from the last iteration of the project, designed by Martinez + Cutri. For one thing, this reboot, by Steinberg Architects with TSK Architects and seen on Urbanize LA, incorporates the renovation and reuse of three historic theaters also owned by Hellen: the Roxie, Cameo, and Arcade, which sit behind the parking lot on Broadway. Meanwhile, the new design for the tower—which will be 40 stories and 420 feet tall—looks like something that lives on a coral reef with its rippling horizontal lines.

Theatres included

Hellen's company Downtown Management is looking into all options for the three theaters, all of which are in use right now as swapmeets. The restoration would include "refurbishing" for the exteriors and theater signage, plus a revamp of the interiors, says the Downtown News.
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Old August 3rd, 2017, 03:16 AM   #4
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Downtown Developer Considers Reviving Proposed Spring Street Tower

Modern glass building could rise on a parking lot adjacent to the Spring Street Arcade.

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Old August 3rd, 2017, 03:39 AM   #5
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seems inappropriate for the neighborhood.

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Old August 3rd, 2017, 05:46 AM   #6
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Originally Posted by Hudson11 View Post
seems inappropriate for the neighborhood.

Don't worry about it. There's a better chance my [email protected] will get this tall.

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Old August 3rd, 2017, 05:53 AM   #7
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i like this new design, it seems to have a certain dignity in its chaos, especially with its mass of extended ''columns'' at ground level, and would add a nice contrast to the 24 floor ''half dome' 'proposal, a few blocks east, both buildings evoking museum sculptures, as opposed to residential buildings
"The last of the true industrialists" !!!!!

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525 s. spring st., 527 s.spring st., dtla, los angeles, south park

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