The Port of Los Angeles announced Tuesday that it is seeking a partnership with a private company to redevelop the historic Municipal Warehouse No. 1 as a commercial and visitor-serving facility.
Port officials said the warehouse’s location offers panoramic views of the L.A. waterfront and Catalina Island, and the massive building is one of its most recognizable structures.
The port’s Waterfront Commercial Development Group has issued a prospectus on the redevelopment opportunity to use the existing building, and more development plans are expected to be released later this year.
“Commercial interest in the LA Waterfront continues to build, and a redevelopment opportunity like historic Warehouse No. 1 doesn’t come up very often,” said Michael Galvin, the port’s director of Waterfront and Commercial Real Estate. “Because of its unique location, character and stunning waterfront views, we believe there is tremendous commercial upside for this property, limited only by the imagination of the development partner that we select.”
Often the first building seen by vessels entering the harbor, the six-story, 460,000-square-foot Warehouse No. 1 is located at Berth 60 in the Outer Harbor at the southern end of the port’s main channel. Port officials said the potential uses include office, creative office, hospitality, dining, entertainment, and other marine-related or visitor-serving adaptive commercial uses.
The warehouse was built in 1917 and served as the port’s only bonded warehouse, a function critical to trade with Europe following the opening of the Panama Canal in 1914, port officials said.
Warehouse No.1 is a California State Historic Landmark and is listed in the National Register of Historic Places. Portions of the warehouse are still in use, and it is used for movie and television production.
Developers with questions should can contact Michael Galvin at 310-732-3836 or email@example.com.
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