The monolithic structure, located at 101 S. Marengo Avenue, stands five stories in height and will consist of 320,000 square feet of Class A office space after the completion of its renovation.
Built in 1974 by developer McCaslin-Lloyd Investment Co., the building served as a credit card processing facility for Bank of America until 2018, when the company opted not to renew its longtime lease. The structure is currently windowless on all sides and surrounded by hardscaped plaza. Parking for 790 vehicles sits below the building.
Rios has been tapped to lead the design for 101 Marengo, building off of original work by modernist architect Edward Durrell Stone. Plans call for adding windows the exterior of the structure, as well as new green spaces and landscaping on the exterior and within an internal courtyard. Additionally, plans call for revamping the building's lobby.
Patrick Church and Anneke Greco of JLL are leading the leasing efforts for 101 Marengo, which will be able to accommodate tenants seeking anywhere from 50,000 to 320,000 square feet of space. The project represents one of the largest contiguous blocks of office space in Los Angeles County.
"Pasadena will continue to attract companies based on its rich history and access to both affordable and executive housing," said Church in a prepared statement. "101 South Marengo is ideal for all types of tenants who are seeking large floor plates near mass transit, retail amenities and an enjoyable working environment for their employees.”
The building, which is on pace to open for occupants in the first quarter of 2022, sits one block northeast of Metro's Del Mar Station, and a short walk south of Old Town Pasadena and Colorado Boulevard.
Atlas Capital Group, which is based out of New York, is behind a slew of projects across Los Angeles County, including the proposed College Station apartments in Chinatown.
- 101 S Marengo Avenue (Urbanize LA)