With all the conversions and new development going on Downtown there are certain buildings that continue to sit vacant. Many theories have been presented to me as to why, ranging from absentee owners from other countries receiving tax breaks to the issue of not having adequate parking spaces as required by law. Here are 3 properties which I believe, at least in my pedestrian way of thinking, to be ripe for conversion.
Hotel Clark sits on the corner of 4th and Hill Street directly across from the newly converted Metro 417 and a Pershing Square Metro entrance. This building has sat vacant for a number of years and I have randomly heard rumors of some sort of conversion in the works but that hasn't happened. It was sold a few years ago but still, no sign of life anywhere. Actually this would be a great urban exploration building, ifyouknowwhatimean.
The Garfield Building sits on the corner of 8th and Hill Street directly next to the Golden Gopher and across the street from the soon to be converted Union Lofts. In the early 1990's about 9.3 million dollars was pumped into the building to spruce it up however to my knowledge is mostly vacant these days.
On the same block but up towards 8th and Olive is the old Commercial Exchange building that has a neon sign that Eric Lynxwiler covets every time we walk and or drive by.
If you want to look at great pictures of buildings downtown you should check out You-Are-Here.com. The color photographs above are from that fabulous site. The black and white photo is from another wonderful resource, the Los Angeles Public Library.
As I said earlier, I don't know all the legal ramifications concerning converting older structures but the 3 buildings that I listed are in great areas that are beginning to see a major upswing. I hope that developers looking at possible conversions at least consider these buildings and if anyone has concrete information on the issue of converting said properties I'd love to hear feedback.
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