Terra-Petra to Sponsor The Future of DTLA Development Conference

Terra-Petra is proud to be a sponsor of “Building BIDs: The Future of DTLA Development” on Tuesday, October 10th at the City Club Los Angeles. Register here.

Downtown Los Angeles’ neighborhood stakeholders work diligently to make downtown a better place to live, work, and play. Some districts are long established supported by definitive identities, and continue to flourish; while others are emerging as relative newcomers with blossoming identities. Join us to hear directly from Business Improvement District (BID) leaders, developers and city officials for a forecast of what is to come, how the BIDs are a change agent for DTLA, and anticipated projects necessary to fulfill the goals of the respective districts.

MODERATOR
Eddie Kim
Los Angeles Downtown News

SPEAKERS
Mark Chatoff
Director, Fashion District BID / Owner, California Flower Mall

Bryan Eck
City Planner, City of Los Angeles

Ellen Riotto
Executive Director, South Park BID

Dan Rosenfeld
Investor, Argent Management, LLC

Jacqueline Vernon Wagner
Chief Administrative Analysis, City of Los Angeles

Terra-Petra Environmental Engineering Recognized in the LA Times as part of Wilshire Grand project - tallest skyscraper in the West.

Terra-Petra Team recognized in the LA Times as part of the Wilshire Grand project – the tallest structure in the west and the Los Angeles skyline.

The Wilshire Grand project grew from a handshake to become the tallest building west of the Mississippi. For three years, Times staff writer Thomas Curwen has chronicled its construction, from the initial planning phase to the topping off and final design touches. One the pages, are his stories of the Wilshire Grand tower.

To express his appreciation to all those who were involved with the Wilshire Grand project, Korean Air & Hanjin Group (property owner) Chairman Yang Ho Cho, placed the multiple-page advertisement in the Los Angeles Times  on June 27, 2017. He wanted to  publish the name of every person who worked on the project.

Working closely with A.C. Martin and Turner Construction on Los Angeles’ newest and tallest skyscraper, the Terra-Petra team is proud to be recognized in this LA Times piece (attached/linked PDF) above. 

The Trojan Marching Band headlined the special Ribbon Cutting Ceremony on the Plaza area to celebrate the Grand Opening of the Wilshire Grand Center (June 23rd). The media covered event was hosted by Korean Air & Hanjin Group. Chairman (and USC alum) Cho and his team also hosted a private party in the building that evening.

Below are a few highlights we grabbed during the grand opening ceremony—along with fresh photos of, what Chairman Cho describes as, “the crown jewel of Figueroa Street.” Again, Terra-Petra is proud to be recognized as part of this outstanding project.

USC Trojan Marching Band headlines Wilshire Grand Center Grand Opening June 23 2017

Terra-Petra Assists on Final Phase of Dana Strand Development in Wilmington

Terra-Petra has recently completed its role on Phase 4 of the Dana Strand project in Wilmington, California. Our team of environmental engineering professionals has been involved with this project since its inception, having worked on Phases 1, 2 and 3.

Earlier this week, nonprofit developers Abode Communities and Mercy Housing California convened in Wilmington to celebrate the groundbreaking of Vista del Mar and Camino del Mar, a new collection of 176 affordable homes.

In addition to housing, the $71 million development will offer 35,000 square feet of open and recreational space, as well as features uch as a computer lab, bicycle parking and on-site social services.  The property also is located in close proximity to the Wilmington Waterfront Park.

The projects are considered the fourth and final phase of the Dana Strand Village redevelopment, which has repurposed a 20-acre post-war military housing site.  A full buildout of the New Dana Strand, the culmination of a process that began in 2000, will provide housing for approximately 750 people.

Vista del Mar and Camino del Mar were through both public and private sources, including U.S. Bank, low income housing tax credits and tax exempt bonds from the City of Los Angeles.

Completion is expected in 2018.

Terra-Petra’s Abode Communities and Mercy Housing Project to Break Ground in Wilmington, CA

Terra-Petra has been honored to be a part of this incredible development in Wilmington, California. Abode Communities and Mercy Housing will celebrate their Vista del Mar and Camino del Mar Groundbreaking on September 14, 2016.

Terra-Petra Adobe Communities project, Wilmington CA 2016

Terra-Petra performs subterranean waterproofing inspections for new Academy Museum project

Terra-Petra heads environmental engineering and waterproofing design, inspection and systems for the new $300-Million Academy Museum project at Wilshire and Fairfax Avenue which is slated to complete in 2018. 

STEVEN SHARP
June 14, 2016 for Urbanize.LA.

Even June Gloom failed to put a damper on construction at the LACMA campus on the Miracle Mile, where the Academy of Motion Picture Arts and Sciences' (AMPAS) long-awaited museum is well underway.

The $300-million undertaking, located at Wilshire Boulevard and Fairfax Avenue, will create a showcase for AMPAS' vast collection of filmmaking artifacts, including tens of thousands of still photographs, screenplays, production and costume design drawings, manuscripts and storyboards.  These assets will be displayed through a series of galleries, exhibition spaces, educational spaces and on-site theaters.

The museum, designed by the famed Italian architect Renzo Piano, will restore the May Company Wilshire department store, a Streamline Moderne structure built  in 1938.  North of the historic building, the project will add an eye-catching spherical glass structure, replacing a surface parking lot and a 1946 annex to the department store.

Completion of the Academy Museum is expected in Spring 2018.

Terra-Petra designs subterranean waterproofing on DTLA Oceanwide Plaza

Working closely with Oceanwide Plaza, LLC Vice President Peter Lai (featured in the video below), Terra-Petra designed the subterranean waterproofing  (which Terra-Petra is also still currently inspecting).on the walls of Oceanwide Plaza project site – easily seen via the aerial camera shots in the video. Lendlease, an international property and infrastructure company, recently announced the completion of the initial mat foundation pour for the Oceanwide Plaza development in Downtown Los Angeles to allow for vertical construction of the project to begin. Read the article here

Read the full article here.

Terra-Petra Environmental Engineering Helps Developer with Pico Gateway Apartments Project Success

Terra-Petra designed the environmental engineering designs and waterproofing systems for this multifamily property in the Pico-Robertson neighborhood just sold for $22.4M a few years back. As always, Terra-Petra is quite proud to be a part of the revision and revamping of land that was up until today, unusable. The revitalization of the LA Basin continues with environmental engineering being a key component of developers' success stories. So now, in what is becoming to be known as an increasingly popular Westside area, this building is being described as a “very high-quality property in a great location." 

This Week's LA Deal Sheet

The fully occupied Pico Gateway Apartments location offers 48,275 SF of rentable space, including 7,500 SF of ground-floor retail, 39 apartments and more than 135 underground parking spaces. Just two blocks from Beverly Hills, which is also a draw, apartment amenities include double sinks for preparing kosher meals, maple hardwood floors, double-paned windows to block out street noise and appliances. 

There is also an optional Shabbat elevator for residents to use on the Jewish Sabbath. Projected growth in the area is making the neighborhood increasingly popular. A recent study shows the population on the Westside could grow by 3.4% over the next five years. 


Read the full story about this properties sale at: Bisnow.com

Terra-Petra Supports Los Angeles Micropolitan Project General Contractor

Terra-Petra supported Frymer Construction to successfully ensure the environmental integrity of the Micropolitan at Urban Lights Multifamily Community project — located near the Los Angeles County Museum of Art and the up-and-coming LA Metro Purple Line station in Downtown Los Angeles.

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The Micropolitan is situated near the Los Angeles County Museum of Art, and is within a two-minute walk of the Los Angeles Metro Purple Line station, which will soon debut.

The Micropolitan is situated near the Los Angeles County Museum of Art, and is within a two-minute walk of the Los Angeles Metro Purple Line station, which will soon debut.

LOS ANGELES — A private 1031 exchange investor has purchased The Micropolitan at Urban Lights, a 45-unit multifamily community in the Miracle Mile submarket of Los Angeles, for $27.1 million. The community is located at 739 S. Ogden Drive.

The Micropolitan was built in 2015. It is situated near the Los Angeles County Museum of Art, and is within a two-minute walk of the Los Angeles Metro Purple Line station, which will soon debut.

Ron Harris and Paul Darrow of Institutional Property Advisors represented the seller, Micropolitan, a subsidiary of Psomas, in this transaction.

 

Park Fifth development in DTLA will break ground in April

Based on its intimate knowledge of the City of Los Angeles plan checking requirements, Portland-based architects, Ankrom Moisan brought in Terra-Petra environment engineers to work with the firm's in-house design team to help with design as well as consult on code-complaint systems for the Park Fifth project. The mixed-use development will replace parking lot near Pershing Square in Downtown Los Angeles and is scheduled to break ground in April. 

Read more about this exciting project on Urbaniz.LA.

The project is being designed by Portland-based Ankrom Moisan Architects, and will be

Terra-Petra contributes to new projects transforming Downtown LA

As one of the most well-known environmental engineering and building waterproofing companies in the Los Angeles basin, Terra-Petra is currently working on or has completed some very high-profile projects in the Downtown LA area. Some of the most notable projects, among many others, include:

The Wilshire Grand Tower – the Wilshire Grand skyscraper will one day be the tallest west of Chicago. (Terra-Petra photo of project start to the right.)

The Metropolis, a $1B development is one of the largest mixed-use projects under construction on the West Coast.

Oceanwide Plaza will break ground in spring 2015. This $1B project will have a total of three towers and an expansive above-ground outdoor space. A five star hotel and 200k SF of commercial space will be included. There will be 504 condos and 183 hotel rooms.

South Park Mega-Project (Chinese developer Shenzhen Hazens) is a three towers along Figueroa Street across from L.A. Live. A 30-story hotel tower would rise at the northwest corner of Flower and Eleventh streets. A 30-story condo tower would be at Figueroa and Eleventh streets, and a 42-story condo tower would be at Figueroa and Olympic.

According to the Los Angeles Department of Building and Safety (LADBS), the "flurry of activity" in the recent years is defiantly the biggest construction boom they have witnessed since the 1980s.

However, LADBS does say that it is yet to be seen if it's the biggest boom in history or not. 

Stay tuned.

4 DEVELOPMENTS THAT WILL TRANSFORM FIGUEROA
Los Angeles Mixed-Use Jan 14, 2016 Jerry Liu, Bisnow, LA

We already told you about some of the mega-projects that will reshape Sunset Boulevard, perhaps one of the most famous thoroughfares in the world. But if you're really following what's hot in LA, it's all about Downtown. So we decided to take a look at some of the developments that will reshape the future of one of Downtown's most notable streets:

1. Circa
Location: 1200 Figueroa Players: Hankey Investment, Jamison Services, Falcon California Investments, Highlands Capital, Harley Ellis Devereaux, LendLease. Completion date: Late 2017. The $500M project will build twin 35-story towers housing 648 luxury condos on top of a seven-story retail podium. There will also be 48k SF of retail and 1,770 parking spaces. This project broke ground in summer 2015 and features a curved glass look that offers a panoramic view of LA, and many other neighboring high-rises, including the Metropolis. Bisnow chatted with Hankey president Scott Dobbins this week to get the latest status update on the development.

2. Oceanwide Plaza
Location: Figueroa and 11th Players: Oceanwide Real Estate Group. Completion date: 2018, condos hit the market in 2017. Breaking ground in spring 2015, this $1B project will have a total of three towers and an expansive above-ground outdoor space. A five star hotel and 200k SF of commercial space will be included. There will be 504 condos and 183 hotel rooms total. Chinese firm Oceanwide had previously acquired the development from New York City-based Moinian Group. This will be the first real estate venture for Oceanwide outside China.

3. Shenzhen Hazens
Location: Entire block bounded by Figueroa, 11th Street, Flower Street and Olympic Boulevard Players: Shenzhen Hazens, Gensler Completion date: After 2020. It's no secret Chinese firms are transforming the LA landscape. Shenzhen Hazens will add to the mix with a $700M redevelopment in the Luxe Hotel area. The project plans to break ground in 2017 and will be split into two phases. Phase 1 would build two 30-story towers, one residential and one hotel. Phase 2 would completely replace the Luxe Hotel with a 42-story residential tower. Expect the finished mega-project to have 650 luxury condos, 250 hotel rooms and 80k SF of retail space. We caught up with Shenzhen Hazens Group executive project director Sonnet Hui recently to get more on the company's plans.

4. MyFigueroa
Location: Four miles of streets from Downtown LA to South LA. Players: LADOT, Troller Mayer Associates, Melendrez, GEHL Architects. Completion date: 2017. Promising to make it easier for transit and bicycle users, this project will start in late spring 2016 and complete in 2017 under a $20M budget. It will link USC and Exposition Park to Downtown LA with better signals, signage, crosswalks, transit platforms, bikeways and trees. There will be on-street, fully separated bike lanes on each side of Figueroa for 27 signalized intersections. There will also be a lot more accommodations for public transit, including for the Silver Line and the upcoming streetcar service.

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