The Continental Building, one of Downtown Los Angeles’ first high-rise structures as well as the first old building to be turned into modern housing as part of the Downtown adaptive reuse craze, is getting ready for another change: It will become a hotel. Documents filed last week with the Department of City Planning detail plans to convert the 12-story building at 408 S. Spring St. into a 140-room boutique hotel.

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In October, Continental DTLA, an LLC affiliated with the Chicago-based hotel and restaurant group Rebel Hospitality, purchased the building from developer Tom Gilmore. The filings also call for the creation of a ground floor bar and restaurant, dining on a mezzanine, and event and banquet space on the second floor. There would also be a penthouse restaurant, a bar on the 12th floor, as well as a rooftop bar and restaurant.

The building originally opened in 1904. In 2000, Gilmore revamped it as an apartment building, the first revitalization in the Old Bank District. No plans have been announced for what would happen with current tenants, and no budget or timeline for the conversion have been revealed. Rebel Hospitality did not return calls for comment by press time.