Nine-story office building planned for the Arts District

Lowe Enterprises is developing the 97,000-sf complex

TRD LOS ANGELES /
May.May 19, 2016 02:00 PM

Development interest doesn’t seem to be slowing in Downtown’s Arts District, which may get a new addition: a nine-story office building at 2144 East Violet Street.

Based on plans filed with city planning, an LLC affiliated with real estate firm Lowe Enterprises is the developer, Urbanize reported. Lowe’s Garey Building, a $100 million mixed-use development, is also in the works nearby.

The proposed 108-foot tall building would sit on a half-acre lot and feature 91,000 square feet of office space, as well as 6,100 feet of commercial space on the ground floor.It would also have a 272-car garage. Currently, a small warehouse and a pile of metal scraps occupy the half-acre space.

For construction to begin, Lowe would have to request zoning changes by the city, Urbanize reported.

Office developers are excited by the Arts District, if developments by Hudson Pacific Properties and Shorenstein are any indication. According to a Transwestern report last month, L.A.’s Greater Downtown submarket, which includes the Arts District, had both the lowest vacancy and rent in all of DTLA this past quarter. However, now that rumor’s of Buzzfeed coming to the neighborhood have been squashed, the District lacks an office tenant of any significant size. [Urbanize]Cathaleen Chen


Related Articles

arrow_forward_ios
Spotify CEO Daniel Ek and At Mateo (Credit: Spotify)

Spotify expands to 150K sf in the Arts District: sources

Terreno Realty Chairman & CEO W. Blake Baird

Terreno Realty makes another industrial play in LA

The building with Cross Campus founder Ronen Olshansky and Suge Knight

From The Chronic to co-working: Cross Campus’ LA expansion now includes former Death Row Records HQ

From left: Tom Gores and Mark Falcone with the project site

Continuum Partners sells Arts District project site to Tom Gores’ Platinum Equity

Ron Burkle owns Soho House

Soho House is expanding into the Arts District

Miro founder Andrey Khusid and Row DTLA

Atlas and Square Mile sign lease with tech startup at Row DTLA

Christian Johnston and ARCspace

Amid LA’s housing shortage, enter the prefab — and stylish — home

Ghost Management CEO Doug Francis and Row DTLA

Weedmaps’ Ghost Management Group inks space at Row DTLA

arrow_forward_ios