PORT OF LOS ANGELES OFFERS HISTORIC
‘WAREHOUSE NO. 1’ ON THE LA WATERFRONT FOR COMMERCIAL DEVELOPMENT OPPORTUNITY
Just-Released Prospectus Provides Details on Prime Waterfront Property
SAN PEDRO, Calif. – March 3, 2020 – The Port of Los Angeles is seeking a public-private partnership to reimagine and redevelop the historic Municipal Warehouse No. 1 as a commercial and visitor-serving facility. Offering panoramic views of the LA Waterfront and west to Catalina, the massive building is one the most iconic and recognizable at the Port.
The Port’s Waterfront Commercial Development Group has issued a prospectus on the redevelopment and adaptive reuse opportunity, with release of a formal Request for Information (RFI) and Request for Proposals (RFP) expected later this year.
“Commercial interest in the LA Waterfront continues to build, and a redevelopment opportunity like historic Warehouse No. 1 doesn’t come up very often,” said Michael Galvin, the Port’s Director of Waterfront and Commercial Real Estate. “Because of its unique location, character and stunning waterfront views, we believe there is tremendous commercial upside for this property, limited only by the imagination of the development partner that we select.”
Often the first buildings seen by vessels entering the harbor, the six-story, 460,000 sq. ft. Warehouse No. 1 is located at Berth 60 in the Outer Harbor at the southern end of the Port’s Main Channel. The property features exceptional panoramic views from the roof—from Catalina Island to south Orange County, from the San Gabriel and San Bernardino mountains, to the Vincent Thomas Bridge and Palos Verdes Peninsula. Potential uses include office, creative office, hospitality, dining, entertainment, food and other marine-related or visitor-serving adaptive commercial uses.
Built in 1917, Warehouse No. 1 served as the Port’s only bonded warehouse, a function critical to L.A.’s trade connection with Europe following the opening of the Panama Canal in 1914. As a symbol of the Port’s growth into America’s largest trade gateway and link to the Pacific Rim economy, Warehouse No.1 is a California State Historic Landmark and listed in the National Register of Historic Places. Portions of the warehouse are still in use, and it is also a popular production location for movies and TV shows.
Interested parties can download a preliminary prospectus here. Developers with questions should contact Michael Galvin via email or at (310) 732-3836.
The Port of Los Angeles is America’s premier port and has a strong commitment to developing innovative, strategic and sustainable operations that benefit Southern California’s economy and quality of life. North America’s leading seaport by container volume and cargo value, the Port of Los Angeles facilitated $276 billion in trade during 2019. San Pedro Bay port complex operations and commerce facilitate one in nine jobs in the five-county Southern California region.