“I also believe in the future of Downtown L.A. “Informed by hospitality design, our repositioning plans will transform all aspects of the building to create a workplace environment that meets the evolving needs of the modern workforce.” Bank Tower will sport a look and feel more in line with the world’s leading boutique hotels,” said Jeremy Moss, executive vice president of leasing at Silverstein Properties, in a statement. The once-public areas of the 69th and 70th floors will be reverted back into office space, as reported by the Associated Press.Īs detailed by the Commercial Observer, other planned upgrades announced by Silverstein include a revamp of the main entrance and lobby and the addition of an amenity-driven shared tenant space on the 54th floor dubbed The Vista. The recently announced $60 million overhaul of the Tower completely will do away with Skyspace and its transparent slide feature. ![]() In July 2020, Silverstein Properties purchased the tower for $450 million in what the Commercial Observer described as “one of the biggest pandemic-driven steals of 2020.” OUE’s ownership of the landmark skyscraper was relatively short-lived: the company acquired the tower in 2013 for $367.5 million and invested $31 million in renovations, including the Gensler-led creation of Skyspace and Skyslide. Opening in 1989, it cost $350 million to build. Bank Tower, also locally known as the Library Tower, was designed by Henry Cobb for Pei Cobb Freed & Partners. Topping out at 73 stories, the glass crown-topped Postmodernist U.S. While Skyspace was more or less a traditional observation deck offering an outdoor terrace and sweeping panoramic views, Skyslide, a 45-foot-long appendage connecting the 70th floor to the 69th floor, added an additional level of abject terror to the affair. Located 1,000 feet above the city, both attractions debuted in 2016 as part of an effort by the tower’s then-owner, Singapore-based OUE Limited, to bring a tourist-drawing, sky-high attraction to Downtown L.A.
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