Union Bank Plaza (UBP), a 701,888-square-foot, 40-story office tower and retail plaza, has been designated the first skyscraper in Los Angeles to become a historical landmark nominated by the Los Angeles Conservancy. At the same time, the office tower is undergoing a $20 million renovation. UBP is owned by KBS Real Estate Investment Trust II.
“The repositioning project provided the opportunity for Union Bank Plaza ‘to be seen in a new light’ while still maintaining the historic characteristics that make it so unique,” said Giovanni (Gio) Cordoves, regional president, western region for KBS. “We made several upgrades to the property that are aligned with the needs of today’s tenants and completely preserved the historic original shell of the building as well as the outdoor plaza.”
Built in 1967, the office tower was designed by New York-based architectural firm Harrison & Abramovitz and Los Angeles-based firm A.C. Martin & Associates in the Corporate International architectural style. The Modernist-style outdoor plaza was designed by pioneering landscape architect Garrett Eckbo.
In phase I of the renovation, KBS completed a variety of interior and exterior renovations to the property. In phase II, KBS will reimagine two-story retail level and a spacious, modern outdoor seating area with fire pits which is scheduled to be completed in April 2021. The architecture, interior design and landscape design services for the repositioning were provided by HLW International LLP.
UBP is located at 445 South Figueroa Street in Los Angeles, California, connecting the Bunker Hill business district with the burgeoning Figueroa Corridor.