Atlas, Square Mile plan 430 units on plot near Arts District

Project will include roughly 8,700 square feet of retail

TRD LOS ANGELES /
Feb.February 02, 2017 01:00 PM
Center Street lot, Len O’Donnell (Google Maps/USAA Real Estate Co.)

UPDATED: Jan. 3 2.15 p.m.: The development boom in the Arts District is causing neighboring areas to see new projects.

Plans for a large mixed-use project at 234 North Center Street, just north of the Arts District near the Los Angeles River, were filed with the city Thursday, planning documents show.

The developer wants to build 430 units, with 47 set aside for low-income residents, as well as 8,742 square feet of retail.

The property is owned a partnership between Atlas Capital Investors, Square Mile Capital Management, and USAA Real Estate Company, which acquired the site for $357.4 million in 2014.

The deal was acquired through Atlas, Square Mile and USAA’s purchase of the real estate investment trust EVOQ Properties, which owned more than two million square feet of rentable space and more than 13 acres of prime development land in Downtown Los Angeles, including this parcel.


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