{"id":502,"date":"2012-11-11T23:49:50","date_gmt":"2012-11-11T23:49:50","guid":{"rendered":"https:\/\/astanienterprises.com\/?p=502"},"modified":"2020-06-07T23:51:03","modified_gmt":"2020-06-07T23:51:03","slug":"state-bar-property-sale-opens-door-for-downtown-apartments","status":"publish","type":"post","link":"https:\/\/astanienterprises.com\/?p=502","title":{"rendered":"State Bar Property Sale Opens Door for Downtown Apartments"},"content":{"rendered":"<p id=\"yui_3_17_2_1_1591573785073_149\" class=\"\">Source ::\u00a0<em>Los Angeles Times<\/em><br \/>\nDate :: 11.11.2012<br \/>\nBy :: Roger Vincent<\/p>\n<p class=\"\">A decision by the State Bar of California to move its longtime headquarters in downtown Los Angeles has cleared the way for a $250-million apartment and retail complex on what is now the State Bar&#8217;s parking lot near Staples Center.<\/p>\n<p class=\"\">Beverly Hills developer Sonny Astani and parking lot giant L&amp;R Group of Cos. bought the 3-acre property from the lawyers&#8217; group for $29 million. It is surrounded by Olive Street, Grand Avenue, Pico Boulevard and 12th Street.<\/p>\n<div id=\"attachment_503\" style=\"width: 410px\" class=\"wp-caption aligncenter\"><img loading=\"lazy\" decoding=\"async\" aria-describedby=\"caption-attachment-503\" class=\"size-full wp-image-503\" src=\"https:\/\/astanienterprises.com\/wp-content\/uploads\/2020\/06\/parking-lot.png\" alt=\"\" width=\"400\" height=\"240\" srcset=\"https:\/\/astanienterprises.com\/wp-content\/uploads\/2020\/06\/parking-lot.png 400w, https:\/\/astanienterprises.com\/wp-content\/uploads\/2020\/06\/parking-lot-300x180.png 300w\" sizes=\"(max-width: 400px) 100vw, 400px\" \/><p id=\"caption-attachment-503\" class=\"wp-caption-text\">The parking lots purchased by developer Sonny Astani in downtown Los Angeles are outlined in red. (Astani Enterprises Inc.)<\/p><\/div>\n<p class=\"\">&#8220;This is probably the last large parking lot downtown that is unentitled and undeveloped,&#8221; Astani said.<\/p>\n<p class=\"\">His firm, Astani Enterprises Inc., plans to build 640 apartments in two seven-story buildings that would have shops and restaurants on the ground floors. He hopes to start work within a year.<\/p>\n<p class=\"\">The land sale helped fund the State Bar&#8217;s recent $50-million purchase of a building at 845 S. Figueroa St. where it will move after nearly 20 years in an AT&amp;T Center building on Hill Street. The seller was L&amp;R, which is renovating the 1960s-era building to make it into modern offices.<\/p>\n<p class=\"\">Astani has 2,500 apartments in $1 billion worth of mixed-use buildings in the pipeline for development in Hollywood, Koreatown, downtown and the Westside, he said.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Source ::\u00a0Los Angeles Times Date :: 11.11.2012 By :: Roger Vincent A decision by the State Bar of California to move its longtime headquarters in downtown Los Angeles has cleared the way for a $250-million apartment and retail complex on what is now the State Bar&#8217;s parking lot near Staples Center. Beverly Hills developer Sonny [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_et_pb_use_builder":"","_et_pb_old_content":"","_et_gb_content_width":"","footnotes":""},"categories":[1],"tags":[],"_links":{"self":[{"href":"https:\/\/astanienterprises.com\/index.php?rest_route=\/wp\/v2\/posts\/502"}],"collection":[{"href":"https:\/\/astanienterprises.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/astanienterprises.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/astanienterprises.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/astanienterprises.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=502"}],"version-history":[{"count":1,"href":"https:\/\/astanienterprises.com\/index.php?rest_route=\/wp\/v2\/posts\/502\/revisions"}],"predecessor-version":[{"id":504,"href":"https:\/\/astanienterprises.com\/index.php?rest_route=\/wp\/v2\/posts\/502\/revisions\/504"}],"wp:attachment":[{"href":"https:\/\/astanienterprises.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=502"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/astanienterprises.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=502"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/astanienterprises.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=502"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}