Comtemporizing while preserving its original 1930's Art Deco flavor was VTBS' goal in the renovation of the Flower Street Lofts condominiums located adjacent to the Staples Center in Downtown Los Angeles.  The existing structure of 150,000 sf was designed and built by UPS for use as a freight transfer and truck maintenance depot.  Permitted under the Los Angeles Adaptive Reuse Ordinance, the three-story space was gutted and three floors added to create 91 luxury loft units in 1 and 2-story configurations.  A 30-foot wide naturally-lit central court was created by rmoving sections of floor between beams and purlins.  An adjacent six-story residential parking structure is accessed by a new bridge spanning the alley into the loft building.

In 2004, the Flower Street Lofts was the winner of the LA Business Council Award of Excellence and the 2004 Gold Nugget Merit Award.