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    Construction Today Magazine

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    Schofield Media
    Construction Today The Magazine for the People Who Build America Construction Today examines best practices in the general building, heavy construction and associated specialty trade sectors. Its readers are leaders at major contracting, engineering and design firms, equipment manufacturers and suppliers of construction materials and building products, as well as public and private project owners and regulators. Construction Today helps firms navigate the world of business through insightful, cross-industry articles on trends, opinions and legal issues, as well as intriguing interviews with the industry's most interesting and influential men and women.

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    Construction Today Magazine

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    Schofield Media
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    Construction Today The Magazine for the People Who Build America Construction Today examines best practices in the general building, heavy construction and associated specialty trade sectors. Its readers are leaders at major contracting, engineering and design firms, equipment manufacturers and suppliers of construction materials and building products, as well as public and private project owners and regulators. Construction Today helps firms navigate the world of business through insightful, cross-industry articles on trends, opinions and legal issues, as well as intriguing interviews with the industry's most interesting and influential men and women.

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    Construction Today The Magazine for the People Who Build America Construction Today examines best practices in the general building, heavy construction and associated specialty trade sectors. Its readers are leaders at major contracting, engineering and design firms, equipment manufacturers and suppliers of construction materials and building products, as well as public and private project owners and regulators. Construction Today helps firms navigate the world of business through insightful, cross-industry articles on trends, opinions and legal issues, as well as intriguing interviews with the industry's most interesting and influential men and women.

    Copyright:

    Attribution Non-Commercial (BY-NC)
    Download as PDF, TXT or read online from Scribd
    Download as pdf or txt
    51 views1 page

    Construction Today Magazine

    Uploaded by

    Schofield Media
    Construction Today The Magazine for the People Who Build America Construction Today examines best practices in the general building, heavy construction and associated specialty trade sectors. Its readers are leaders at major contracting, engineering and design firms, equipment manufacturers and suppliers of construction materials and building products, as well as public and private project owners and regulators. Construction Today helps firms navigate the world of business through insightful, cross-industry articles on trends, opinions and legal issues, as well as intriguing interviews with the industry's most interesting and influential men and women.

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    of 1

    BROADWAY 9/13/07 1:26 PM Page 292

    LOFT 7
    Gabriel Frig is the developer/contractor for
    Loft 7 and its 68 luxury for-rent lofts in down-
    town Los Angeles, a conversion project
    scheduled for end-of-year completion.

    Old Structure, New Use


    Developer/contractor Gabriel Frig knows working with old structures like the Broadway Exchange
    Building can involve unexpected delays, but he says the Loft 7 project will be well worth the wait.
    By Brian Salgado there may be fewer complexities in terms of progress re-

    G abriel Frig, one of Los Angeles’ youngest develop-


    er/contractors at age 36, is learning many lessons
    while constructing his first privately financed de-
    sign/build retrofit.
    Frig is the developer/contractor for Loft 7 and its 68 lux-
    ports and inspections, and maneuvering is easier, private
    owners have a stronger grip on their projects.
    “With everything that needs to be done, the bank doesn’t
    mind or care as long as it is in the scope of the construc-
    tion funds,” Frig says. “But with a private owner, they ask
    ury for-rent lofts in downtown Los Angeles. The project, questions all the time, whether it is to add a fixture here or
    owned by Broadway Exchange Building LLC, involves the do something different in any way. If it is not in the scope,
    conversion of the 91-year-old Broadway Exchange Building you may have a little quarrel. It is not in a bad vibe, but
    on Seventh Avenue in downtown Los Angeles. the owner has to see these things.”
    With a private owner financing the entire $10 million In addition to his role as a property developer/ contrac-
    project, Frig has found a level of flexibility he hasn’t expe- tor in the downtown area, Frig is actively involved in the
    rienced in the past. Frig says it is less comp- positive growth of the downtown Los Angeles. Frig serves
    Loft 7
    Project cost: $10 million licated to get change orders approved as the treasurer and vice president of the Historic Down-
    Location: Los Angeles with a private financier. town Business Improvement Board.
    Scope of work: Loft conversion “If you are working for a bank on a Frig was drawn into the construction industry by chance.
    Gabriel Frig from Arieden Inc.
    developer/contractor: “When design/build project, you have to get the He started his career as an entrepreneur in the high tech
    you are dealing with an existing blueprints, bids, bank inspections and industry, and when the bubble burst in 2000 he decided it
    structure where no original then bid for any change orders,” Frig says. was time to change his career. Growing up in Israel, Frig’s
    blueprints are available, it is like
    opening a can without knowing But private owners are demanding in a father, who was a general contractor, used his help during
    what is inside.” different way, according to Frig. Although summer breaks. However, his father always wanted him to

    292 ■ CONSTRUCTION TODAY ■ OCTOBER 2007

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