Plans were filed with the city of Los Angeles this summer to add high-rise buildings to the property, which was acquired last year by Canada-based Onni Group of Cos. for $630 million from Tishman Speyer.
The project is being designed by architecture firm Solomon Cordwell Buenz.
The revamped complex will have 3.1 million square feet of space and will contain two new high-rise buildings: a 35-story tower and a 41-story tower, with the two to be linked by bridges.
Wilshire Courtyard’s two existing buildings will be partially demolished and renovated.
In addition to office space, there will be street-level retail and more than 2,000 additional parking spaces across eight levels. The top three levels of the parking area will be designed for potential conversion to office space.
Metro’s Purple Line extension will have a stop near the building, which may reduce the number of necessary parking spots.
The offices will have 35,000-square-foot floorplates.
The new Wilshire Courtyard will also have terraces, creating more than 60,000 square feet of private outdoor space for tenants.
There will also be a shared tenant amenity floor which will have a large outdoor terrace.
In addition to more than 115,000 square feet of retail, the ground level will have a public park and plaza with outdoor seating.
The retail space will include a grocery store, according to SCB.
The asking rent for Class A office space in Miracle Mile during the third quarter was $4.26 a square foot, the most of any area in the Wilshire Corridor, according to data from Jones Lang LaSalle Inc.
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