Park Wilshire Apartments
One month into the New Year – can you believe it is already February? – and we at Inovus are hopeful and excited for the projects ahead. As we begin to make plans for future projects, we cannot forget to look at past projects and reflect on our accomplishments. Because there was a bit of gap between postings there is a lot to be updated on!
A project we would like to announce the completion of is Park Wilshire which we finished in 2017. The historic eight-story apartment building is located at 2424 Wilshire Boulevard, sandwiched between Koreatown and downtown Los Angeles. The building is designated as a historic-cultural monument by the LA Cultural Heritage Commission and was designed by the famed architectural team of Clarence H. Russell and Norman W. Alpaugh in 1924. It originally opened as a residential hotel and was easily spotted by passerby due to its iconic neon sign which graced the building’s rooftop. The restoration of this neon sign was one of the top priorities of MWest Holdings LLC, a vertically integrated real estate investment and property management company which bought the building and began to transform it into the Park Wilshire Apartments.
Inovus was brought on to the project to renovate the infamous Mardi Gras Lounge. Located in the basement of the building, the Mardi Gras Lounge served as a popular speakeasy during the time of Prohibition in the 1920s. The restaurant and bar was a hot spot for Hollywood’s elite and was considered a hallmark of the Los Angeles dining and nightlife scene during that time. Today it is now an amenities space for the residents that includes a business center, conference room, vending store, coffee lounge, multiple seating and dining areas as well as a screening area and game room that includes a pool table, foosball and shuffleboard. We transformed a space that represented fun and entertainment in the past into a fun and entertaining space with a modern edge.
We are very pleased about the outcome; the basement area is both aesthetically pleasing and fun but also functional and is a great addition to the building and beneficial to its residents. Here are some of our amateur shots of the finished spaces!