In renovating the Wiltern theater, the Oviatt building, the Fine Arts building and others, Ratkovich changed the attitude in a city that often viewed historical buildings as obsolete.
, a former fancy men’s clothing store and office tower from the 1920s containing literally tons of Lalique glass and other artisic flourishes, Ratkovich garnered a reputation as a developer who could bring faded stars back to the fore.
Among them were the elaborately decorated Fine Arts Building downtown and a cluster of buildings in Playa Vista that were once the base of Howard Hughes’ aviation empire, including the hangar where Hughes built his infamousDeveloper Wayne Ratkovich is seen at one of his former projects on Wilshire Boulevard in Los Angeles in 2008.. “There are some good years and some that aren’t so good.
“That was one of the very toughest projects in Los Angeles,” Rosenfeld said. “Wayne took on the most difficult and the most worthwhile challenges on the urban landscape.” Ratkovich’s 2010 investment in the decrepit former Howard Hughes campus when the Playa Vista mixed-use community was being created near Marina del Rey was a high-profile financial success, as was his redevelopment of the 45-acreAt the time of his death, Ratkovich and his partners had been working on another challenging high-profile project —
, a long-anticipated waterfront attraction in San Pedro that faced years of regulatory and financial hurdles.West Harbor had been in the works for more than a decade, when port officials selected Los Angeles developers Ratkovich Co. and Jerico Development Inc. to redevelop the 42-acre site of Ports O’ Call. The kitschy imitation of a New England fishing village built in the 1960s fell out of favor years ago and was razed in 2018.
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