After a year and a half of construction, work on the Pettebone Building has drawn to a close.
Downtown-based developer RYDA purchased the five-story brick building in 2015 and transformed it into modern creative offices.
The project, located at 510 S. Broadway, includes 45,000-square-feet of office space above 15,000-square-feet of commercial space on the ground floor. Tenants will also have access to a 2,500-square-foot rooftop deck with views of the Broadway Theater District.
The Pettebone has a long history in Downtown LA. It was built in 1905 by developer O.T. Johnson and architect Robert B. Young. The historic building took its name from one of its early tenants - a lighting manufacturer called the Forve-Pettebone Company. They used the building as a design and manufacturing facility for the first street lamps used throughout Downtown's Historic Core. They occupied the space until 1924.
Before RYDA acquired the property, the building had deteriorated after decades of vacancy. RYDA secured Historic-Cultural Monument status for the building in 2016. The developer worked with Wolcott Architecture to renovate the building, which included electrical, mechanical, and structural upgrades.
The façade has been restored to its original condition, and the interior has retained historic elements such as wooden beams, exposed brick walls, and a cast-iron staircase. The interior also features some modern finishes, new elevators that open directly into the offices, and high-speed fiber internet throughout the building.
Cushman & Wakefield is the leasing broker for the Pettebone's office space. The two street-level spaces are already leased. Mezcalero, a Mexican restaurant and bar, has been in operation since 2016. Yardbird, a Hong Kong-based yakitori restaurant, is planning to open in the second space next year.
- Pettebone Archive (Urbanize LA)