$60M refurbishment work at US Bank Tower in Los Angeles, California, completed

Home » News » $60M refurbishment work at US Bank Tower in Los Angeles, California, completed

The US Bank Tower in Los Angeles, the second-tallest skyscraper in the city, has completed a $60 million, two-year refurbishment. Approximately 35,000 square feet of common areas in the high-rise were upgraded as part of the project, which was created by Jeffrey Beers and the architectural firm A + I.

These improvements included the main entrance and lobby, which were redesigned. Further, the addition of a juice and cocktail bar and a grab-and-go market. “The Vista,” a tenant amenity space that also serves as a venue for meetings, has been remodeled onto the tower’s 54th floor.

Additionally, film cameras and projectors, noir movie posters, books, and presents from the Central Library across the street are just a few of the décor seen inside The Vista.

Development of the US Bank Tower in Los Angeles, California

Five leases totaling 72,000 square feet were announced by Silverstein in November 2022. These were to a variety of engineering, legal, and investment organizations. Silverstein Properties is widely known as the developer of the World Trade Center complex.

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Furthermore, they bought the US Bank Tower in 2020 for $430 million from OUE, Ltd., at a reported 34% discount from the building’s pre-pandemic worth. The supertall skyscraper, which was the city’s original tallest building, had undergone renovations by OUE. This included the creation of a glass slide-equipped observation deck on the 70th level. Since then, that installation has been taken down.

“A famous landmark in Downtown Los Angeles is the U.S. Bank Tower. With spaces and amenities that reflect the modern way of working, we have reinvented the facility. In a statement, Larry A. Silverstein, Chairman of Silverstein Properties, said, “We want to make sure it stays a beacon of the commercial area and also adds to a flourishing downtown – one of the best places in LA to work, live, and visit.