The 104-year-old Southern California Flower Market has a new plan to remain the luxurious and residential city center it always has been: mixed-use development.
Plans for 755 Wall St., which were recently filed with the city, include offices, apartments, and restaurants. The goal, says EVP for the market Scott Yamabe, is to improve the area and maintain the market.
Plans call for the demolition of one building to construct a 15-story residential tower with around 320 units, 10% of them below market rate, Yamabe said.
At the base of the tower would be shops and restaurants that would spill out onto a paseo connecting to the other Flower Market building, which will be renovated. There, flowers would be sold on the ground floor, and creative offices on the second story could be leased to technology firms and others.