Hillcrest Company plans 122-unit live-work lofts in Arts District

The 29,000-sf site is currently a parking lot

Jul.July 28, 2016 03:00 PM

Los Angeles developer Hillcrest Company is pushing ahead with its plan to build a 122-unit live-work complex at the corner of 7th and Decatur Streets in the Arts District.

Hillcrest has proposed a seven-story complex with 9,500 square feet of commercial and production use, including 1,050 square feet of outdoor dining space, as well as more than 5,800 square feet of amenity space, according to city planning documents. Among the 122 residential units, some will be designated as affordable housing.

The 29,000-square-foot parcel at 1800 East 7th Street, zoned for industrial use, is currently a parking lot.

The complex will be marketed as a highly amenitized, live-work loft, a Hillcrest representative told The Real Deal.

“We’re looking to market toward creatives that want to live in an urban setting,” he said, “and we’re hoping that the affordable units will accommodate the artists in the community.”

Hillcrest acquired the property for $2.4 million in 2014, according to PropertyShark.

Meanwhile, the most famous — or infamous — resi complex in the Arts District, One Santa Fe, is gearing up for a makeover under its new owner, the Berkshire Group. San Francisco-based Carmel Partners is planning a mixed-use development for a two-acre site at 520 to 532 South Mateo Street and 1310 East 4th Place nearby, TRD previously reported.

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