Figueroa Corridor
Figueroa Corridor

The Figueroa Corridor is a stretch of Figueroa Street, one of the oldest and longest streets in Los Angeles, that links the downtown center with the University of Southern California (USC). In addition to USC, this corridor is home to the Los Angeles Memorial Coliseum, Exposition Park, the Shrine Auditorium, the Los Angeles Convention Center, Staples Center and L.A. Live.

The street was named in the 1850s after Jose Figueroa, a leading general in the Mexican War of Independence from Spain and one of the best Governors of California during the Mexican period. In the 1920s Figueroa Street emerged as the historic Auto Row of Los Angeles and today, the Corridor is home to several large auto dealerships.

Notable events along the Figueroa Corridor include the Olympic Games (1932 and 1984), Academy Awards, two Nobel Laureates, and excellent museums. Architectural landmarks in the area consist of the historic Doheny Mansion, the Science Center School designed by 2005 Pritzker Winner Thom Mayne, the oldest dealership in Los Angeles, Felix Chevrolet and its’ iconic Felix the Cat signage, and the Auto Club of Southern California’s 1921 Spanish Colonial Revival building designed by Sumner P. Hunt and Silas R. Burns.

Portfolio
Figueroa Corridor

3335 S. Figueroa Street

Tenant: University Gateway
Ground Lease
Student Housing & Retail
600,000 Square Feet

USC’s rising student population and the housing shortage in the area presented an opportunity for the Shammas Group, who owned the land previously used by Felix Chevrolet, to propose a plan to develop high-quality student housing. The Shammas Group worked with USC, Councilmember Bernard Parks, and the City of Los Angeles to alter the General Plan Amendment for Figueroa Street to allow mixed-use development in the Corridor.

After 2006, The University Gateway project provided housing for 1,700 students and paved the way for additional mixed-use projects along the Figueroa Corridor. In addition to helping to solve the student housing shortage in the area, the University Gateway project provided the community with new ground-level retail outlets and protected the character of the neighborhood by removing the incentive for landlords to convert single family, working class homes into units for student housing.

Figueroa Corridor

1800 S. Figueroa Street

Tenant: Build Your Dreams (BYD)
Office
30,000 Square feet

This two-story structure was built in 1915 as a showroom for the White Motor Company, a former manufacturer of cars and trucks. During the 1920s Figueroa became the Auto Row of Los Angeles with 52 new and used auto dealerships. In the early 1980s, the Shammas Group purchased the building with a Hyundai dealership as the tenant. In 2011, Mayor Antonio Villaraigosa brought BYD and The Shammas Group together, which resulted in bringing to Los Angeles the American Headquarters of the world’s largest manufacturer of battery-powered buses sold to municipalities worldwide. Today, more than 750 workers manufacture BYD buses in Lancaster, California.

Figueroa Corridor

2020 S. Figueroa Street

Tenant: Office Depot
Ground Lease
23,000 Square Feet

Conveniently located on the Figueroa Corridor near the thriving USC student population made the location of this land an ideal place for Office Depot to build an office supply store.

Figueroa Corridor

1037 S. Flower Street

Tenant: El Cholo
Restaurant
8,000 Square Feet

This one-story 1930s adobe-styled building with open truss ceilings, exposed brick walls, dining room, bar and patio is located one block from Figueroa Street, the Staples Center and L.A. Live. The tenant, El Cholo, is a locally owned restaurant chain known for their iconic Mexican food and pleasant ambiance. The family opened their first restaurant in 1923 on Western Avenue and have since expanded to multiple locations in Los Angeles and Orange Counties.