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

Los Angeles /
Feb.February 02, 2017 01:00 PM

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
Continuum CEO Mark Falcone and a rendering of the project (EYRC Architects via Urbanize)

Continuum Partners, Platinum Equities plan Arts District office tower

Continuum Partners, Platinum Equities plan Arts District office tower
Tim Naughton and a rendering of the project (Credit: OFFICEUNTITLED and AvalonBay)

AvalonBay secures $167M loan for Arts District resi project

AvalonBay secures $167M loan for Arts District resi project
Lowe co-CEO’s Mike and Rob Lowe, Related Fund Management’s Justin Metz, 2130 Violet Street

Related affiliate joins with Lowe to build Arts District office complex

Related affiliate joins with Lowe to build Arts District office complex
View of Carmel Partners' 520 Mateo

Huizar arrest fallout: Carmel Partners places exec on leave

Huizar arrest fallout: Carmel Partners places exec on leave
Rossano de Cotiis and the Violet Street development site (Credit: Google Maps)

Onni Group back with a new plan for Arts District project

Onni Group back with a new plan for Arts District project
A rendering of the project

Jade Enterprises to build campus-like project near Soho Warehouse

Jade Enterprises to build campus-like project near Soho Warehouse
Spotify CEO Daniel Ek and At Mateo (Credit: Spotify)

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

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

Terreno Realty makes another industrial play in LA
arrow_forward_ios

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

Loading...