A downtown Los Angeles site where Crown Coach school buses were once manufactured has been acquired for $15.4 million by high-profile developer Trammell Crow Co., which plans to build an industrial park.
The CleanTech Manufacturing Center, three large buildings on 20 acres, will be developed on speculation, said Bradley Cox, senior managing director of Dallas-based Trammell Crow’s Los Angeles office. That means work will begin on the $40-million complex even though no tenants have yet agreed to rent space there.
The former Crown Coach and railroad property at 2425 E. Washington Blvd. at Santa Fe Avenue has been dormant for decades. Public officials spent seven years trying to build a state prison there but gave up in 1992 in the face of opposition from neighbors and activists.
In recent years the city has tried to make the land a key piece of the proposed CleanTech Corridor, which is intended to house a cluster of environmentally sensitive manufacturing businesses located along a four-mile stretch of the Los Angeles River.