The historic Bilak Building, first built in 1928, at 688-698 South Alvarado Street and 7th Street in Westlake, is receiving a remodel. Many of the structure’s Art Deco design elements will be maintained. Midwood Investment & Development is behind the redesign.
688-698 South Alvarado Street. Image via Loopnet.
The two-story, mixed-use structure will have upgraded infrastructure and floorplans. Midwood aims to attract creative office users, restaurants, and retailers who want to be located in the popular area. “Renovation of The Bilak Building will result in a truly exceptional commercial building. Discerning companies are seeking unique spaces with character and this building will be a major draw,” stated Yansy Naranjo, Senior Associate of Avision Young, which is handling leasing within the site.
688-698 South Alvarado Street. Image via Loopnet.
The building has a total of 39,400 square feet. There is approximately 135 feet of Alvarado Street frontage and 173 feet of 7th Street Frontage. Unit sizes range from 500 – 14,000 square feet.
688-698 South Alvarado Street. Image via Loopnet.
Additional benefits of the site include a number of galleries, live music venues, eateries, and historical landmarks close by, with additional hotels, high-end retail and restaurants, and a multi-cultural performing arts center in the works. MacArthur Park is across the street, and is currently undergoing a multi-million-dollar renovation. The Westlake/MacArthur Park Metro station is adjacent to the site, providing easily accessible public transportation.
Subscribe to YIMBY’s daily e-mail
Follow YIMBYgram for real-time photo updates
Like YIMBY on Facebook
Follow YIMBY’s Twitter for the latest in YIMBYnews
Given all of the amenities, public transportation and the park access, it’s curious that the renovation doesn’t include at least a partial roof/tower addition of residential units. This would be a prime location!! (tower could be set back from the facades, and have a smaller footprint leaving a roof deck on the 2 story building……
I am interested in either a one bedroom one bath or a single.
Moving day is flexible maybe August 1st.
Do you accept section 8 ?
I am extremely clean, no pets, non-smoker.
Bet regards,
DMas
This is a horrible area with rampant crime.