Shybary Grand Lofts
312 West 5th Street, Los Angeles, CA
|Shybary Grand Lofts|
Shybary Grand Lofts
|Management Company||5th Street Lofts LLC|
|Number of Units||280|
|Number of Floors||12|
|Type of Roof||IRMA|
|312 West 5th Street, Los Angeles, CA|
|Distance to Public Transit||less than 200 feet|
|Title of Land||Condominium|
In 1921, the Fifth Street Department Store decided to replace the four-story building they were currently using on the corner of Fifth and Broadway with a larger twelve-story building. The developer, Faris-Walker Co., hired architect Aleck Curlett to build the new store. Aleck Curlett was a prolific architect who also worked on other building in the area including the Roosevelt Lofts and the Lofts at Hollywood & Vine.
The new Fifth Store Department Store building was completed in 1923. Throughout the 20th century, the building continued to be used as commercial space, but not always by the same owner. During the last century, it was occupied by Orbach's, Milliron's, and Faris & Walker Department Stores.
In 2004, the building was purchased by Barry Shy, renamed Shybary Grand Lofts, and converted to condominiums. The building now has 280 condominiums, limited parking for residents, and a few ground floor retail stores.
Shybary Grand Lofts is located on the corner of Broadway and Fifth in downtown Los Angeles between the Historic Core and the Jewelry District. The Historic Core was once the center of Los Angeles and is full of historic pre-1930s buildings. The Jewelry District is the second largest in the world and has nearly 5,000 retail and wholesale jewelry shops.
The area is well connected with public transportation and also has easy access to the major freeways. There are many coffee shops, restaurants, and grocery stores nearby. The area also has several good schools and lots of options for preschools and daycare centers. Shybary Grand Lofts is located right next to Pershing Square and there are several other green areas in the vicinity.
The Shybary Grand Lofts building was built between 1921 and 1923 by architect Aleck Curlett. The steel-framed building was 12 stories high and built to be a department store. In 2004, the building was converted to condominiums.
The building stands on a two story stone base, which has a series of arched openings across the street-facing facades. The stone is used again in a decorative string course above the third story and for the eleventh and twelfth story facades. The main shaft is of dark brick with little ornamentation. There is a simple fenestration pattern across the facades with wrought-iron fire escapes in the middle of each street-facing facade.
The 2004 conversion added a fitness center and a rooftop pool to the building.
Layout and Features
The Shybary Grand Lofts building was originally a department store built in the 1920s. It was converted to lofts in 2004. The lofts retain many original details such as large industrial windows and high ceilings.
However, the renovations also installed modern conveniences such as stainless steel appliances, custom-built cabinets, and central air-conditioning and heat.
Unit amenities include:
- Up to 15-foot ceilings with exposed beams
- Polished and stained concrete floors
- Eight-foot front doors
- Magnificent city views
- Private balconies (some units)
- Custom built vanity cabinets and sinks
- Over-sized oval bath tubs
- Stainless steel appliances
- Glass top ranges
- Granite/porcelain counter tops
- Washer and dryers
- Central air-conditioning and heat
- High speed internet and cable television
When the building at 312 West 5th Street was converted to condominiums in 2005, 280 residential units were built. This includes studio, one-bedroom, and two-bedroom apartments plus two penthouse suites. Loft Studios range from 470 - 935 square feet, one-bedrooms run from 470 - 1,956 square feet, and two-bedrooms are between 1,040 - 1,300 square feet.
Building amenities include:
- 24-hour valet or self parking
- Rooftop pool and hot tub
- Fitness center
- 24-hour security
- Trash chutes on each floor
|Shybary Grand Lofts Bylaws|
- This building allows pets.
- The building allows rentals.
- No restrictions on age are placed on residents.
- The communal rooftop terrace may be available for barbecues. Some of the apartments also have private outdoor space.
The Shybary Grand Lofts building was constructed in the 1920s as a department store. However, the 2004 conversion to condominiums kept sustainability in mind. If you are concerned about your carbon footprint, consider the following:
- Renovations have installed some energy-efficient appliances and central air-conditioning and heating in the units.
- Public transportation is very convenient with several subway and bus lines just a few blocks away.
- Some units contain outdoor space which could be used for patio gardening.
- There are lots of restaurants, grocery stores, coffee shops, and other amenities within walking distance.
- There are good bike lanes in the area.
- There are several car share centers less than a quarter of a mile away.
- The H. Jevne Company of Los Angeles baked cakes for the anniversary sales at the Fifth Street Department Store (now Shybary Lofts). The cake baked for the eighth anniversary was considered particularly impressive. It was seven feet high and five feet in diameter. The cake used two hundred pounds of flour, sixteen hundred eggs, ninety-five pounds of butter, sugar, spices, etc. The finished cake was about six hundred pounds. On the day of the anniversary sale, hundreds of patrons were given a piece of the cake.
- Barry Shy, the developer of Shybary Grand Lofts has been involved in more than 170 civil cases, often with residents in his buildings. Local real estate agents, brokers, and residents have accused Shy of everything from overcharging for parking to shoddy construction work to bank fraud. 
- In 2008, developer Barry Shy sued two homeowners in Shybary Grand Lofts for libel and slander.
- The "Shybary Lofts" building is located in the Broadway Theatre and Commercial historic district.
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