Silverstein Properties has plans for a $60 million capital improvement program to upgrade and reposition the U.S. Bank Tower in downtown Los Angeles. Upgrades across 35,000 square feet of common spaces will include redesigning the building’s main entrance and lobby with the goal of bringing hospitality to this office building.

Amenities will include a new day-to-night juice and cocktail bar, a grab and go market, seating and collaboration areas. Silverstein also plans a new amenity destination for building tenants on the 54th floor featuring city views, food and beverage options, and an event space. Building upgrades are set to begin in summer 2021 and be completed by the end of 2022.

“This city is a global destination that continues to attract some of the country’s leading businesses. I also believe in the future of Downtown L.A. as a major creative and business hub,” said Lisa H. Silverstein, vice chairman of Silverstein Properties. “I have no doubt that once the pandemic is behind us, we will see the return of dynamic job growth, Millennial and Gen Z population growth, and residential migration into downtown.”

Silverstein and her team at Silverstein Properties are working with international design firm Jeffrey Beers and architecture firm A + I to lead the capital improvements program.

U.S. Bank Tower was designed by Pei Cobb Freed & Partners and built in 1989 by Maguire Properties. Located near the Pershing Square Metro station, it is the second tallest tower in Los Angeles at 1,018 feet. U.S. Bank Tower is LEED Gold-certified and its tenants include U.S. Bank, Lewis Brisbois Bisgaard & Smith LLP, Thomson Reuters and Marsh USA.

Silverstein Properties acquired the U.S. Bank Tower in September 2020.