As part of a commitment made in 199...

As part of a commitment made in 1993 on First Interstate Bank to invest $2 billion in California's "economically challenged" communities throughout a 10-year period, a design/build competition was held to redevelop a 75000-sq-ft parcel of land in southward central Los Angeles. The solely structure on the property is a 125-ft.-high Pepperdine University Art Deco tower building, left vacant after university offices mov to Malibu.

First Interstate secur an option in succession the property, which will be change the direction ofed over to the winning Caleb-Solomon design/build team to purchase the property with