Silverstein Properties has just completed its overhaul of the Pei Cobb Freed & Partners-designed U.S. Bank Tower in Downtown Los Angeles.
The two-year, $60 million project issued major upgrades across 35,000 square feet of the building while installing a new entrance lobby and amenities-laden 54th-floor Vista feature. Jeffrey Beers International and A+I were in charge of leading the redesign, which also removed the 69th-floor Skyslide attraction that was first installed in 2018.
“The U.S. Bank Tower is a landmark in Downtown Los Angeles,” Silverstein Properties Chairman Larry A. Silverstein said in a statement. “We have reimagined the building with spaces and amenities that reflect the new way of working. We want to ensure it remains a beacon of the business district and also contributes more broadly to a thriving downtown — one of the best places in LA to work, live, and visit.”
The company purchased the tower in 2020 at a discounted price of $430 million. Downtown Los Angeles has since then been looking to recover from the economic consequences of the COVID pandemic, propelled by developments in the Arts District, Angels Landing, and several other key commercial areas.
“As Downtown LA reemerges as a major business and cultural hub, our leading properties are being reimagined to attract and retain leading businesses,” Suzanne Holley, President & CEO, of the group Downtown Center Business Improvement District, said of the changes. “Many of these companies are looking for modern work and collaborative spaces.”
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