The Wilshire Grand Hotel is set to be replaced by the luxury high-rise condominium & hotel tower and office buildings. The plan is to rejuvenate Wilshire & Figueroa and make it a downtown Los Angeles centerpiece.
Thomas Properties Group will develop a one billion dollar mixed-use redeveloment plan for the nearly three-acre Wilshire Grand Hotel & Office site, according to the press release issued last week.
The proposal is to replace the existing Wilshire Grand Hotel with two high-rise towers that will total approximately 1,750,000 square feet. One tower will consist of 40 stories featuring a luxury hotel and Los Angeles condominiums at the top floors. The other tower will feature 60 stories of office space.
Both buildings are designed to meet U.S. Green Building Council LEED certification standards.