New York art collector plans 140 live-work units in Arts District

Los Angeles /
Feb.February 24, 2017 02:00 PM

Looks like art collector Adam Lindemann is testing out a new hobby: real estate.

But he won’t have to stray far from his roots — the investor and owner of the Venus Over Manhattan gallery in New York is pursuing a residential project in none other than L.A.’s Arts District.

Through an entity registered to his Madison Avenue gallery in New York, Lindemann filed plans Thursday for a 140-unit live-work complex at 641 South Imperial Street, city documents show.

The project also calls for nearly 15,000 square feet of ground floor commercial space and a four-level underground parking structure, as Urbanize first reported. Lindemann purchased the site, now occupied by a small office building, for $9.2 million last month, according to property records.

The development requires a general plan amendment as well as a zone change from manufacturing to commercial and a height limit change — which means it would be halted if Measure S passes.

Lindemann’s gallery has a Los Angeles outpost as well. Venus Over Los Angeles opened in 2015 at 601 South Anderson Street. The art connoisseur could not be immediately reached for comment.

Lindemann made real estate headlines late 2015 when he purchased Andy Warhol’s Montauk estate for $50 million. [Urbanize]Cathaleen Chen


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...