2Cal

History

Completed in 1992 by Hathaway Dinwiddie Construction Company, Two California Plaza has 1.329 e6ft2 of office space. The towers were designed by Arthur Erickson Architects and named BOMA Building of the Year in 1997 and 2001.

California Plaza was a ten-year, project. Started in 1983, the Two California Plaza tower was completed in 1992 during a significant slump in the downtown Los Angeles real estate market. The tower opened with only 30 percent of its space leased and overall vacancy rates in downtown office space neared 25 percent. It was nearly 10 years before significant tall buildings were completed again in downtown Los Angeles.

California Plaza was originally planned to include 3 high rise tower office buildings instead of the two completed. Three California Plaza at 65 floors, was planned for a site just north of 4th St., directly across Olive St. from California Plaza's first two office highrises and was planned to house the Metropolitan Water District's permanent headquarters.

The site is an entrance to the Pershing Square subway station.

The construction and US$23 million cost of the Museum of Contemporary Art (MOCA) was part of a city-brokered deal with the developer of the California Plaza redevelopment project, Bunker Hill Associates, who received the use of an 11 acre, publicly owned parcel of land.

In March 2012, the property went into receivership.

A tenant since 2000, Deloitte moved to the nearby Gas Company Tower in 2014.

In 2014, CIM Group acquired the building and made improvements to the restaurants and shops in the plaza which was popular but had been neglected. The California Plaza courtyard has an elaborate dancing-water fountain and the upper station of the funicular railway Angels Flight. The plaza also links to the Museum of Contemporary Art and an apartment tower.

Several clear shots of the tower under construction can be seen in the 1991 comedy/action film Harley Davidson and the Marlboro Man.

Tenants

• Reliance Steel & Aluminum Co.
• Munger, Tolles & Olson LLP
• City National Bank (California)
• Consulate-General of Japan, Los Angeles

Gallery

|File:California Plaza 1 and 2.jpg|California Plaza towers |File:California Plaza Towers.jpg|California Plaza towers one and two |File:Los Angeles - Skyline.jpg|California Plaza towers with the US Bank Tower in the background |File:Los Angeles (California, USA), South Olive Street -- 2012 -- 4847.jpg|Fountain and amphitheater at night

References

References

1. {{CTBUH. 1128
2. "Emporis building ID 116595". [[Emporis]].
3. {{Glass Steel and Stone. 3613
4. {{SkyscraperPage. 6415
5. {{Structurae. 20002171
6. (May 22, 2009). "Arthur Erickson dies at 84; architect of California Plaza towers". [[Los Angeles Times]].
7. Stevenson, Richard W.. (November 11, 1991). "Office Glut Spreads in California". [[The New York Times]].
8. (April 14, 1994). "LOS ANGELES : MWD Picks Union Station Site for Headquarters". [[Los Angeles Times]].
9. Rutten, Tim. (December 6, 2008). "What MOCA really needs". [[Los Angeles Times]].
10. Hayes, Tome. (May 12, 1985). "Los Angeles: For Downtown, An Ambitious Mixed-Use Project". [[The New York Times]].
11. (March 28, 2012). "Two California Plaza in Downtown Los Angeles Goes into Receivership". [[PR Newswire]].
12. Vincent, Roger. (June 12, 2014). "Deloitte to move downtown L.A. office to Gas Co. Tower". [[Los Angeles Times]].
13. Vincent, Roger. (February 13, 2014). "With sale of Two California Plaza, Bunker Hill is poised for comeback". [[Los Angeles Times]].
14. (February 12, 2014). "Veteran Developer CIM Group Buys Two Cal Plaza". [[Downtown News]].