Mixed-use
April 3, 2009
Korean Air has selected Thomas Properties Group Inc. to develop a $1 billion mixed-use redevelopment plan for the nearly three-acre Wilshire Grand Hotel in Los Angeles, Calif. The proposal will add a nearly two million square feet of class A offices, condominiums and hotel space. The proposal is to replace the existing complex with two high-rise towers, totaling approximately 1,750,000 square feet, a 40-story tower featuring a luxury hotel of up to 700 rooms topped by several floors of condominiums, and a 1 million-square-foot, 60-story office tower, connected with plazas and open space, designed to meet U.S. Green Building Council LEED certification standards. Korean Air acquired the current Wilshire Grand Hotel in 1989 under the name of Hilton Hotel & Towers. The airline also owns three hotels in Korea and another in Hawaii.
Korean Air has selected Thomas Properties Group Inc. to develop a $1 billion mixed-use redevelopment plan for the nearly three-acre Wilshire Grand Hotel in Los Angeles, Calif. The proposal will add a nearly two million square feet of class A offices, condominiums and hotel space. The proposal is to replace the existing complex with two high-rise towers, totaling approximately 1,750,000 square feet, a 40-story tower featuring a luxury hotel of up to 700 rooms topped by several floors of condominiums, and a 1 million-square-foot, 60-story office tower, connected with plazas and open space, designed to meet U.S. Green Building Council LEED certification standards. Korean Air acquired the current Wilshire Grand Hotel in 1989 under the name of Hilton Hotel & Towers. The airline also owns three hotels in Korea and another in Hawaii.
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