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

Los Angeles /
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.


Related Articles

arrow_forward_ios
VC firm takes 20,000 sf at Free Market complex underway in Arts District
VC firm takes 20,000 sf at Free Market complex underway in Arts District
VC firm takes 20,000 sf at Free Market complex underway in Arts District
Spotify unveils 155k sf podcasting hub in Arts District
Spotify unveils 155k sf podcasting hub in Arts District
Spotify unveils 155k sf podcasting hub in Arts District
Renderings of the Downtown Los Angeles‘ Arts District project (Maxxam Enterprises)
Next on Arts District canvas: Warehouse-to-residential project
Next on Arts District canvas: Warehouse-to-residential project
LIVWRK teams up to buys Arts District office building; plans overhaul
LIVWRK teams up to buys Arts District office building; plans overhaul
LIVWRK teams up to buys Arts District office building; plans overhaul
Hudson Pacific Properties CEO Victor Coleman and WeWork CEO Sandeep Mathrani with The Maxwell (Hudson, WeWork)
WeWork drops space at Hudson Pacific’s Arts District building
WeWork drops space at Hudson Pacific’s Arts District building
The Box Yard property and Rexford Industrial co-CEOs Howard Schwimmer and Michael Frankel (Box Yard LA. Rexford Industrial)
Rexford pays $94M for Arts District industrial park
Rexford pays $94M for Arts District industrial park
500 S. Santa Fe Avenue (CEB Construction)
SteelWave buys Arts District office campus for $80M
SteelWave buys Arts District office campus for $80M
Continuum Partners CEO Mark Falcone and the development site (Continuum, iStock, Google Maps)
Continuum Partners plans $2B megaproject to transform Arts District
Continuum Partners plans $2B megaproject to transform Arts District
arrow_forward_ios

The Deal's newsletters give you the latest scoops, fresh headlines, marketing data, and things to know within the industry.

Loading...