Broadway Building to Become Office Space

DTLA – Another historic Broadway building is being revitalized, this time as creative office space.

Downtown-based development firm RYDA recently announced plans to transform the five-story structure at 510 S. Broadway, turning the top four levels into 45,000 square feet of office space while uncovering the property’s historic elements.

“It’s been covered up by a lot of stuff over the years. We’re going to bring the façade back to its original condition,” said Ryan Neman, a principal at RYDA.

The structure, also known as the Pettebone Building, opened in 1905. Businessman O.T. Johnson developed it, with designs from architect Robert B. Young. It was originally called the O.T. Johnson Building #2.

A new moniker came after the light fixture maker the Forve-Pettebone Company took over much of the building. That business manufactured many of the streetlights in Downtown’s Historic Core. It occupied the space through 1924.

The developer purchased the building in 2015. RYDA also owns an Arts District property at 810 E. Third St.

Neman said RYDA will restore the upper levels, which have long been vacant. With designs from Wolcott Architecture, the developer is currently working on structural upgrades, including new floors and overhauling the electrical system.

Construction crews started on the property in early December. Work is expected to last until the end of the year. The budget for the project was not disclosed.

The brokerage firm Industry Partners is leasing the office space. Robert Erickson, a partner with the company, said they are not targeting any particular business sector, but that the upper levels are being marketed as modern creative workspace.

The Mexican restaurant Mezcalero opened on the ground floor of the building last year. A second street-level space could hold retail or another restaurant.

The Pettebone Building received Historic Cultural Monument status in April 2016, following an application from RYDA.

Much of the building’s original brick exterior has been covered up over the years. RYDA plans to remove those layers. Work crews will also refurbish historic parts of the interior, such as wooden columns and a cast-iron staircase.

The Pettebone Building is the latest Broadway edifice to get an overhaul. The Broadway Trade Center on Eighth Street between Hill Street and Broadway is undergoing a major redevelopment, while a developer known as 640 S. Broadway plans to turn the mostly empty J.E. Carr Building at 646 S. Broadway into housing.