Downtown Examiner -http://downtownexaminer.com/news/breaking-newsrumor-has-it-kor-group-is-back-developing-in-downtown-la/
"With the explosion of development, which started on 9th & Broadway (Eastern Columbia Building, Blackstone Apartments, Ace Hotel, 700 units planned by Geoffrey Palmer, 500 units planned by Barry Shy), ‘Rumor Has It’ Bringing Back Broadway keeps moving South with KOR Group purchasing the beautiful and historic Commercial Club Building also known as the Case Hotel on11th & Broadway! The KOR Group, one of the first historic downtown development groups, (Eastern Columbia Building, Barker Block, Molino Street Lofts, & The Pegasus) will be back to developing again in Downtown LA, this time converting a beautiful historic structure into a boutique hotel! The 107,200 sf 1923 building originally known as the Commercial Club Building was the original home of the Los Angeles Press Club, has 13 floors, a 22-space surface parking lot, and unencumbered views of LA Live. The Kor Group bought the building for approximately $13,500,000.
Kor is the force behind the origination and development of the renowned Viceroy in Santa Monica, repositioning a common economy hotel to one of Santa Monica’s most popular hotel destinations. With the success of the award-winning Viceroy Santa Monica , Viceroy Palm Springs and Beverly Hills’ famed Avalon Hotel and Maison 140, KOR expanded the company’s hotel portfolio to premier markets in the US and internationally.
Rumor has it set to work on the project with KOR is downtown LA renowned architecture firm Omgivning, whose principal architect Karin Liljegrenhas has worked on over 100 buildings in downtown LA. KOR is also rumored to have hired international interior designer Kelly Wearstler, whom The New Yorker once called “the presiding grande dame of West Coast interior design”. Wearstler, has published two books: Modern Glamour and Hue, has been a judge on Bravo’s reality show contest Top Design for the 2008 season, finds influence in Modernism and Old Hollywood glamour and her work has been described by theNew York Times as “retro-theatrical” interiors.
The South end of Broadway continues to develop at a revolutionary pace and we couldn’t be more excited for one of KOR Groups fabulous hotels to join our community!’
Another Top 10 finish for Viceroy Anguilla Residences!
CNT Traveler Top 25 resorts in the Caribbean
Construction continues to keep pace for a Winter 2013 debut.
Check out the latest photos which includes an update of the original Barker Bros logo.
The repostion of The Martin luxury high-rise was featured in Diamond Cake Magazine’s June issue. “Condo Confidence - like an elevator in a luxury high rise, Condo sales are going up”… Enjoy
The Kor Group’s VP of Development and Construction, Fabian Iobbi takes center stage at the Evolution of Downtown’s latest event on the growth and development of the Arts District.
We’re excited to announce a partnership with Ratkovich Properties and Waterton Residential to purchase the old City Hall in Downtown Long Beach, CA.
Together, we will transform the idle, 1959 10-story Mid-Century Modern office building into a vibrant, boutique apartment (150 lofts) and mixed use community.
Exclusive amenities will include a roof top pool-deck-spa and exciting ground-floor food and beverage destinations.
Construction continues to keep pace on Barker Block Lofts. 68 authentic adaptive re-use lofts will be available for sale this Fall. Stay informed at barkerblock.com
The transformation of Mid-Market continues with news that the Renoir Hotel will be converted to a high-end boutique hotel that will cater to the tech-oriented crowd. Kor Group, best known for Viceroy Hotels in Santa Monica and Palm Springs, purchased the 130-room hotel in February 2012. The 1926 building, near the corner of 7th and Market streets, has been on the National Register of Historic Places since 1986. The hotel closed on April 16, and will begin a $40 million remodel.
The remodel will completely revamp the hotel, both inside and out. Celebrity designer Kelly Wearstler will be in charge of interiors that the developer promises “will be very different from anything she has designed before and very different from anything else in San Francisco.” The outside of the building will feature revamped masonry, windows and terra cotta. Four or more retail spaces will be featured “including a 4,500 sq. ft. rooftop bar with 360-degree views.” No new name or renderings have been released, but we will update you promptly when they become available.
Pasta-making lessons, truffle tasting, and wine sampling are amongst the latest offerings at the taste of summer, Avalon Beverly Hills.