The first of two phases of the Silverampo Building Materials expansion project will begin in 2017 and expand into a new warehouse in the city’s East Side, with the remaining phases to follow by 2021.
This expansion will add 10,000 square feet of space for the company’s Silverado Building Materials subsidiary.
The company said it is expanding from a facility in the Eastside of Los Angeles into a warehouse in East Los Angeles, and will add another 5,000 to 10,00 square feet to the space.
The facility will open in 2018.
The company said that it is “very proud” of its partnership with the city to build a “new and innovative warehouse” in East LA.
The new Silverampos warehouse is located at 2145 S. Los Angeles Blvd., a building that was formerly home to the Los Angeles Police Department and has been vacant for more than two decades.
The building will be designed by local architects and built on a 50-acre parcel, with plans to add more than 1,500 new residential units, 1,200 commercial space, and 1,000 parking spaces.
Silverampo was founded in 2015 and has offices in San Francisco and New York City.
In January 2017, the company announced it had closed its Los Angeles headquarters, and that it would instead focus on expanding its global footprint.
The news was met with a swift backlash on social media, with critics questioning whether Silveramponos decision to relocate was driven by financial reasons and a lack of confidence in the company.
In a statement to Business Insider, the Silvermaros CEO, Mike Roper, said the move was not based on financial concerns and was not an attempt to sell the company to a buyer.
“We are working closely with Silverampons current partners in Los Angeles and are focused on our expansion plan to create a new and innovative manufacturing facility in East L.A. for the next 10 years,” Roper said.
“We are excited about the opportunity and look forward to sharing more information as we move closer to the start of our second phase.”