An unusually configured office, retail and residential building in downtown Santa Monica has been acquired by a Los Angeles developer who intends to figure out what it looked like 50 years ago and reestablish its authenticity.
Philip Orosco and his firm Pacshore Partners paid the Lionstone Group $20 million for the 631 Wilshire Blvd. structure. The four-story building looks art deco, a pre-World War II design style.
However, the facade probably dates to the 1990s, when a previous owner spent about $4 million adding a rooftop recreation room and two floors of apartments to the then two-story building, he said.
“It’s a confusing piece of architecture,” Orosco said. He plans to create a rear entrance for the office space and convert the 4,000-square-foot third-floor recreation room into creative office space with private roof decks facing the newly renovated Reed Park.