FAQ

What is the history of the 1330 W Pico Blvd building?

The building was originally occupied by Jeffries Banknote Company, which had offices and printing functions at the property from 1968 until at least 1991. The property was subsequently used by the Los Angeles School Police Department through the early 2000s. The building is currently vacant, and because the property is not zoned for housing, it must be used to build a commercial hotel property.

Why a hotel?

The property is currently zoned for commercial uses and would not permit a residential project without significant investment resulting in luxury housing. The Albany provides a high quality hotel that will integrate itself into the community without displacing residents or competing with existing housing stock.

What is the history of the 1330 W Pico Blvd building?

The building was originally occupied by Jeffries Banknote Company, which had offices and printing functions at the property from 1968 until at least 1991. The property was subsequently used by the Los Angeles School Police Department through the early 2000s. The building is currently vacant, and because the property is not zoned for housing, it must be used to build a commercial hotel property.

Why a hotel?

The property is currently zoned for commercial uses and would not permit a residential project without significant investment resulting in luxury housing. The Albany provides a high quality hotel that will integrate itself into the community without displacing residents or competing with existing housing stock.

Will Pico-Union residents be displaced?

No. The Albany project doesn’t displace a single resident or one single house.  Sandstone is committed to working with community groups and residents to make sure all Pico-Union residents, non-profits, schools and local organizations are informed throughout the project.

How will this project connect the Pico-Union and the Downtown Los Angeles communities?

The project will bridge the divide between the economic boom of South Park and Downtown Los Angeles with the Pico-Union neighborhood. It will enhance connectivity between Pico-Union and Downtown Los Angeles neighborhood via a vital pedestrian link and streetscape improvements to encourage growth of the Pico Boulevard corridor.

Will Pico-Union residents be displaced?

The Albany project doesn’t displace a single resident or one single house.  Sandstone is committed to working with community groups and residents to make sure all Pico-Union residents, non-profits, schools and local organizations are informed throughout the project.

How will this project connect the Pico-Union and the Downtown Los Angeles communities?

The project will bridge the divide between the economic boom of South Park and Downtown Los Angeles with the Pico-Union neighborhood. It will enhance connectivity between Pico-Union and Downtown Los Angeles neighborhood via a vital pedestrian link and streetscape improvements to encourage growth of the Pico Boulevard corridor.

What are the Pico-Union community benefits?

Sandstone is committed to ensuring the project is meaningfully integrated into the neighborhood from start to finish, and beyond. The Albany is projected to bring significant private sector investment, including 2,000 construction jobs, 700 permanent jobs, and an estimated $11 million of annual tax revenue to the City and Pico-Union community.

What street level improvements can be expected?

The streetscape will be transformed into an urban plaza to ensure the area around the entrance of the hotel is welcoming to residents of the Pico-Union community. The area will provide shaded seating, a landscape plaza, and retail food opportunities. Greenery will be used to create a tree canopy so that community feel like they’re in a tranquil streetscape. The Albany will be a true urban gathering space that everyone can use, feel safe in, and most importantly, be welcome.

What are the Pico-Union community benefits?

Sandstone is committed to ensuring the project is meaningfully integrated into the neighborhood from start to finish, and beyond. The Albany is projected to bring significant private sector investment, including 2,000 construction jobs, 700 permanent jobs, and an estimated $11 million of annual tax revenue to the City and Pico-Union community.

What street level improvements can be expected?

The streetscape will be transformed into an urban plaza to ensure the area around the entrance of the hotel is welcoming to residents of the Pico-Union community. The area will provide shaded seating, a landscape plaza, and retail food opportunities. Greenery will be used to create a tree canopy so that community feel like they’re in a tranquil streetscape. The Albany will be a true urban gathering space that everyone can use, feel safe in, and most importantly, be welcome.