ABOUT
Izek Shomof of Shomof Group is the first developer to utilize the City’s Adaptive Reuse Ordinance. Izek Shomof of Shomof Group has been converting historic downtown Los Angeles office buildings into dynamic live-work lofts featuring retail spaces, sidewalk cafes, independent boutiques, bars and restaurants since 1999. As one of the first to recognize the potential of a revitalized Historic Core, Shomof Groups’ housing conversions helped set the stage for downtown’s remarkable renaissance, sparking the ongoing influx of new residents and businesses to the historic heart of the city we’re still witnessing today. At the same time, the Shomof Group started acquiring and developing low-income housing, as well as providing supportive services for the growing homeless population. In addition to their impressive array of historic downtown properties, Shomof Groups’ real estate portfolio also extends throughout Los Angeles, Long Beach, Orange County, the San Fernando Valley, and Las Vegas with a specialty in low-income and supportive housing. The Shomof Group takes pride in their work to improve the life of a building and the quality of life for all tenants regardless of their socioeconomic status. Preserving history. Advancing culture.
Izek Shomof, Founder and CEO of Shomof Group, is known for his dedication for rebuilding downtown’s historic core district while also working towards solving the homeless crisis our city has been facing. Izek has overseen the redevelopment of iconic Los Angeles properties such as: the Alexandria Hotel, Hayward Hotel, Spring Tower Lofts, Premier Tower Apartments, Panorama Towers, and The Historic Sears Distribution Building (which is planned to be developed into The Life Rebuilding Center- providing 5,500 beds as well as 250,000 sq ft of area for supportive services). A dedicated philanthropist, he remains actively involved in the Downtown Center Business Improvement District, St. Jude Hospital, Curing Kids Cancer, Bringing Hope to the Family, Larger than Life and many more.
TIMELINE
1991
Izek made his first real estate investment in Downtown Los Angeles with the purchase of 639 South Spring Street. Izek worked tirelessly for 8 years with the city to get the adaptive reuse ordinance implemented, which led to the boom of tens of thousands of units developed in Los Angeles.
2003
Shomof Group purchases and begins development of the City Lofts Building at 626 S Spring St. Shomof Group used the adaptive reuse ordinance to create 40 live-work lofts.
2010
Shomof Group started construction on 225 and 227 S Hamilton Dr, Beverly Hills to create the Villa Park Hamilton luxury apartments.
2000
Shomof Group completes construction and are the first to get a certificate of occupancy using the adaptive reuse ordinance converting Spring Tower Lofts into 40 live-work lofts with ground floor retail.
2005
Shomof Group acquires the Edwards and Wildey building on 6th and Grand, and uses the adaptive reuse ordinance to convert the building to 99 live-work loft condos—now known as Milano Lofts.
2011
Shomof Group purchases Desert Rose Apartments 29 N 28th St and immediately began renovations on the 237 Low income housing units.
2002
Shomof Group acquires the Hayward Hotel at 206 W. 6th Street, a 525 low income building that was heavily neglected/mis managed. Shomof group immediately renovated and restored the building as well as creating rooftops and recreational space bringing safety and dignity to its occupants.
2009
Shomof Group Acquires Bristol Hotel 423 W 8th St, and immediately convert the building into 107 low income housing units
2012
Shomof Group acquires the historic Baltimore/Leland Hotel, King Edward Hotel, the Alexandria Hotel. After years of neglect, Shomof Group immediately began renovating the nearly 1000 Low income House units and has maintained them to be the highest standard of affordable housing. Shomof Group also purchased the Corporation building and converted the building to creative office using the adaptive reuse ordinance.
2013
Shomof Group purchases the Sears, Roebuck & Company Mail Order Building in Boyle Heights, Los Angeles. Izek Shomof expresses his intention to revitalize this historic monument. Shomof Group immediately starts the entitlement process to convert the building to the Mail Order District which would comprise to 1030 high end residential live work lofts, 250,000 sq ft of Creative Office, and 110,000 sq ft of boutique retail including a 50,000 sqft food hall
2014
Shomof Group Purchases the land on 400 s Broadway and the Rialto Theater at 1023 Fair Oak Ave in South Pasadena.y the Shomof Group. Entitlements process begins for 400 Broadway to consist of 450 Residential Condos on a 34 story tower.
2015
Shomof Group acquires 211 Alpine and immediately begin entitlements for ground up residential/retail of 170 units. Sears Building entitlements approved for 1030 Residential units, 250k sqft of office, and 110k sq ft of retail. Shomof Group begins Construction documents with LADBS to get permits for Sears Development
2016
Shomof Group purchases Panorama Towers at 8155 N Van Nuys Blvd. Within the same year, Shomof Group is able to get permits pulled and construction started to convert the building into 194 affordable by design units using the adaptive reuse ordinance. Shomof Group also acquired Wall Street at 18705 Ventura Blvd, Tarzana
2017
Shomof Group acquires 5900 Sepulveda Building and Capri Plaza 19582 Ventura Blvd, Tarzana
2018
Shomof Group Acquired 3900 W Century Blvd and begin pulling permits to renovate the 184 room motel to 180 room boutique hotel across the street from the new Rams Stadium
2019
Shomof Group Acquired Encino Office Center at 5535 Balboa Blvd, Encino, CA 91316, Panorama tower construction completed and lease up begins. Sears Building permits acquired
2020
Shomof Group begins Entitlements for Panorama Tower Phase 2 on the 4 acres of land adding additional 200 residential units, parking structure accommodating 520 spaces, and 12k sq ft warehouse space. With the growing rise of homeless during the start of the pandemic, Shomof group decided to direct their attention at solutions in solving the crises, putting the Sears development on hold to pursue Life Rebuilding Center initiative which would take the 1,800,000 sq ft building and provide 5500 semi private beds with over 250,000 sq ft of supportive services.
2021
Shomof Group Acquired the Heritage Office building 30851 Agoura Rd and 1515 Orangewood Avenue in Anaheim. Construction completed on 3900 W Century Blvd and operation of the 180 room hotel begins. 211 Alpine Permits acquired for 170 residential units,