The BLOC
Los Angeles, CA
Built in 1973, the contiguous project consisted of a 32-story, 800,000-square-foot office building, an enclosed two-story 420,000-square-foot shopping mall (anchored by Macy’s), and a six-level parking structure with 2,000 parking spaces. The full block also included a 485-room hotel. In 2013, National and its local partner purchased the property. At purchase, the office building was only 56% leased and the retail component suffered from a lackluster mix of second tier tenants and dated design. National Development implemented a dramatic redevelopment plan, including renaming the project, The BLOC.
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