The Historic Core is gaining new creative offices right on Broadway. The Forve-Pettebone building, a five-story brick building between Fifth and Sixth streets, is being converted into four floors of creative offices over street-level retail by developer RYDA, reports Urbanize LA.
Save the ground floor, the building has been largely vacant since the 1980s. It will require a full structural renovation, as well as upgrades to make it attractive to creative office tenants, including the installation of high-speed fiber internet throughout the building, says ULA. A 2,500-square-foot rooftop “amenity deck” is also planned. RYDA is working with Wolcott Architecture on the project.
RYDA bought the Pettebone building in 2015, and the next year, RYDA principal Daniel Neman filed an application for the property to receive city historic-cultural monument status. (RYDA’s other principal is Ryan Neman.) The Nemans say the building has been awarded the status, which will mean that their restoration will held to high preservation standards.
According to its application for historic status, the Pettebone building dates back to 1905, and is “one of the earliest properties constructed on this stretch of Broadway.”
The structure was designed by architect Robert B. Young, and after construction wrapped up, it was leased by the Forve-Pettebone Company, which used several floors in the building for showroom and storage space, as well as on-site manufacturing. The company installed some of the first electric lampposts in Downtown, which were installed along Broadway, Spring, Hill, and Main streets.