Amidi Group plans mixed-use project in DTLA

Los Angeles /
Mar.March 09, 2017 11:30 AM

Redwood-based Amidi Real Estate Group, a family-owned firm headed by brothers Rahim and Saeed Amidi, is planning a $20 million, 37-unit mixed-use development in Downtown’s Financial District.

Amidi has owned the 0.2-acre site, a small commercially-zoned parking lot at 1018 W. Ingraham Street, since 1998, according to Mehrdad Jafari, who works for Amidi’s construction arm. One floor would be set aside for commercial space, city documents show.

The developer is requesting a parking variance to allow for off-site parking for the project. The filing was first reported by Urbanize, which did not identify the developer.

Amidi is the firm behind a furnished rental complex at 1010 Wilshire Boulevard, which it built a decade ago, as well as the Hollywood Production Center facilities in Hollywood and Glendale.

The project is across the 110 freeway from FIGat7th, the Downtown shopping center and food court. It’s also just blocks from Japanese developer Mitsui Fudosan’s planned 40-story, 409-unit tower at 754 South Hope Street.


Related Articles

arrow_forward_ios
Charles Company's Mark and Arman Gabay and a rendering of 550 E. Colorado Boulevard in Pasadena (WATG)
195-room hotel planned for Pasadena’s Playhouse District
195-room hotel planned for Pasadena’s Playhouse District
Bardas Investment Group's David Simon with 6311 Romaine Street
Hollywood’s Television Center readies for $600M makeover
Hollywood’s Television Center readies for $600M makeover
Century Plaza project at 2025 Avenue of the Stars and Woodbridge Capital Partners' Michael. Rosenfeld (CoStar)
Stake in the Century Plaza Hotel heads to auction block
Stake in the Century Plaza Hotel heads to auction block
Valley Central at 44400 Valley Central Way in Lancaster (Google Maps, Getty)
Lancaster shopping center trades for $45M
Lancaster shopping center trades for $45M
UCLA chancellor Gene Block; former Marymount California University campus (UCLA, MCU)
UCLA pays $80M for former Marymount California campus
UCLA pays $80M for former Marymount California campus
IDS Real Estate Group’s co-CEOs David Mgrublian and Murad Siam with Irwindale Speedway at 500 Speedway Drive in Irwindale (Irwindale Event Center, IDS Real Estate, Getty)
Irwindale Speedway site to transform into industrial park
Irwindale Speedway site to transform into industrial park
Commercial real estate, Orange County, Proposition 13
Large landowners in OC could pay more property taxes, critics say
Large landowners in OC could pay more property taxes, critics say
Drawbridge Realty's Mark Whiting and Pacific Center office park at 1600-1610 Saint Andrew Place (Loopnet, Drawbridge Realty, Getty)
Collectibles outfit backed by Mets’ owner Cohen, Nets’ star Durant adds 102K sf at Santa Ana campus
Collectibles outfit backed by Mets’ owner Cohen, Nets’ star Durant adds 102K sf at Santa Ana campus
arrow_forward_ios

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

Loading...