Onni Group, a Vancouver, British Columbia-based developer that purchased the five-building Times Mirror Square complex at 202 W. First St. from Tribune Media Co. in September for $120 million, has submitted redevelopment plans for the site, which will be considered by the city after the company submits an initial impact study.
Onni’s plans call for a 1.1 million-plus-square-foot project consisting of more than 1,100 residential units and nearly 35,000 square feet of office and retail. The project would replace the 1970s-era office building at the northwest corner of the property as well as a parking structure along Broadway.
The residences would consist of studio, one-, two-, and three-bedroom units, along with a few penthouses, according to filings with the Department of City Planning.
A 53-story south tower would rise 655 feet above ground level while a 37-story north tower would stand 465 feet tall. Between the two would be a connecting structure that would house a rooftop pool, parking, residential, and retail space.
Onni intends to preserve the three office buildings along Spring Street, including the original Times building, built in 1935. A 1948 expansion to the structure, which brought its total square footage to more than 376,000, would also be kept in place, though the new owner plans to add retail space to the ground floor of both buildings.
The project still needs several city approvals, including a conditional use permit for the sale and consumption of alcohol in the project’s retail spaces. After the initial study, the city will determine whether an environmental impact report would be required.
– Helen Zhao
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