LaeRoc Investments, a leading real estate firm in Hermosa Beach, California, is pleased to announce that the Gerry Building in downtown Los Angeles has been approved for conversion to 72 commercial condominium units consisting of 122,213 square feet of retail and office space.

The Gerry Building is located in the Fashion District of downtown L.A., a 115-block stretch of fashion retailers, wholesalers, designers, manufacturers, and more.

According to the district’s website, property owners in the Fashion District contribute over $3 million each year to support the LA Fashion District Business Improvement District (BID). This non-profit organization, which was launched in January of 1996, has helped improve the area for businesses and residents over the last 17 years.

LaeRoc is proud to be a part of the movement that’s making Los Angeles’ Fashion District one of the trendiest, safest, and cleanest areas in the city. With the Gerry Building now approved to be converted into commercial condo units, LaeRoc hopes that it can bring even more life to this already bustling district.

A LaeRoc spokesperson commented on the recent approval, saying, “We expected the approval all along. Due to our sound business plan and successful track record, it would make sense that the Gerry Building would see this approval. Nevertheless, we all breathed a huge sigh of relief to see it officially go through.”

Construction on the Gerry Building’s 122,213 square feet is expected to begin shortly as final arrangements are made for the conversion. The same company spokesperson said, “LaeRoc always hires the best contractors and developers for renovation projects. The Gerry Building conversion is no exception. We look forward to signing contracts with a few of Los Angeles’ biggest and most trusted contractors over the next few weeks before we break ground on the Gerry Building.”

Despite construction still not being underway, executives at LaeRoc Investments report that inquiries about retail and office space availability are already trickling into the office. A LaeRoc executive commented, “We’ve been surprised and delighted by how enthusiastic the L.A. community has been about the Gerry Building conversion. We’re already receiving requests for information about available retail and office space from a few of the Fashion District’s most forward-thinking businesses.”

As the final details are finalized on the Gerry Building, LaeRoc welcomes questions and comments about the project. Contact information for LaeRoc Investments can be found below.