Restoration of three interconnected, Class A, historic office buildings in downtown Los Angeles. PacMutual, built in 1908, has recently been transformed into a hip, creative business campus with the help of Shangri-La Construction. Although three general contractors were working within the PacMutual building, Shangri-La completed over 80% of the required work. Some of the improvements included increasing the size of floor plates, ripping out false ceilings, scraping plaster off brick walls and lifting carpet to expose the original marble floors throughout common areas. In addition, multiple TIs were completed throughout the building for a variety of clients. Typical TI renovation cost over $100 PSF.
Shangri-La recently completed the courtyard facing 6th street. This courtyard had been closed since the 1930s. It is bustling since reopening in May 2014. Retail tenants include Tender Greens, EarthBar Le Pain Quotidian. Tartine will open its first U.S. location on Olive Street under an 80-foot-tall wall of live greenery this summer.
PacMutual received LEED-Platinum certification. It is the oldest and only historic building in Southern California to have received the title