The Wells Fargo Center has long been considered one of the best office addresses in downtown Los Angeles with approximately 5,000 people that work there each day. The Wells Fargo Center is among the Bunker Hill population of nearly 40,000 workers which is more than the number of residents of Beverly Hills or West Hollywood. Take a look at the plans of the completed project of the Wells Fargo Center!
The New-York based landlords have embarked on a $60-million makeover of the atrium that will create an indoor-outdoor environment called Halo, with restaurants, bars, and coffee shops. Bert Dezzutti is part of the Brookfield Office Properties which acquired the center five years ago and decided that the center needed to make the center’s formal three-story atrium more modern and more open to the elements, a place where people want to hang out, meet friends, or perhaps work on a laptop. The decisions also come as Bunker Hill office landlords struggle to attract new tenants.
The newly renovated Wells Fargo center will include a tenant-only lounge with food, meeting rooms, and an outdoor deck. Brookfield will provide programs such as lectures and concerts to create a sense of community among tenants. Many young companies often want an open-plan, to host “collaborative” office spaces and the opportunity to spread work and leisure time with coworkers. Gary Horwitz, a real estate broker of JLL, said that what differentiates a lot of buildings is their outdoor areas.
Adjacent to the Wells Fargo Center would be a $1 billion collection of apartments, condominiums, hotel rooms and stores designed by architect Frank Gehry as a complement to his Walt Disney Concert Hall. The Grand Avenue Project is slated to have numerous outdoor terraces where visitors can relax, mingle, or dine. The nearby Music Center Plaza is also getting a multimillion-dollar makeover intended to make it more like a town square. The Wells Fargo Center would play a part in embracing the inclusive environment on Bunker Hill. The new indoor-outdoor environment should be completed by 2019.