After sitting mostly-vacant for a decade, it appears that one of Downtown's oldest office towers is once again being marketed to prospective tenants.
611 Place, built nearly 50 years ago as the corporate headquarters of Crocker-Citizens Bank, rises 42 stories at the northwest corner of 6th Street and Grand Avenue in the Financial District. The 620-foot-tall modernist tower, designed by William Pereira, was briefly the tallest building in Los Angeles, reigning from the time of its completion in 1969 until the opening of what is now called City National Plaza in 1972.
A brochure advertises just over 715,000 square feet of rentable space in the building, inclusive of upper-level offices and ground-floor retail space, with rates between $39 and $60 per square foot. 611 Place currently provides parking for residents and tenants of nearby buildings, and houses a handful of tenants with month-to-month leases on its ground-floor - including an optometrist, a dry cleaner, and a dentist. However, it is almost entirely empty above street level.
Potential improvements to 611 Place are unclear beyond renderings showing a redesigned lobby.
The tower, which has also been known as the Crocker-Citizens Plaza and AT&T Center over the course of its five decades, is currently owned by the Chetrit Group, a press-averse real estate investment firm based out of New York. The family-owned company owns several historic buildings in Los Angeles, including the Clark Hotel and Trinity Auditorium, both of which are in the midst of slow reactivations as hotels. The Chetrits previously owned the posh Giannini Place building at 7th and Olive Streets, before selling it to Sydell Group in 2015, which has since reopened the 12-story office building as a NoMad hotel.
At 611 Place, the Chetrit's secured entitlements to convert the building into 135 commercial condos and 402 joint live/work condos in 2007, but saw those plans waylaid by poor market conditions. In 2014, the company obtained an extension of those entitlements to 2023, but have shown no other signs of pursuing the adaptive reuse project.
- Financial District Archive (Urbanize LA)