AvalonBay’s live-work Arts District project gets go-ahead

The developer plans 475 units in the changing neighborhood

Oct.October 04, 2018 08:00 AM
AvalonBay CEO Timothy Naughton and renderings of the AvalonBay Communities mixed-use project (Credit: Avalon Communities and Curbed LA)

AvalonBay Communities’ large mixed-use project in the Arts District has been approved, adding to the flurry of projects that are transforming the neighborhood.

The Los Angeles City Council has given the development’s 475 live-work units the go-ahead, with the complex set to rise near the corner of Alameda and Seventh streets, Curbed reported.

The project at 668 Alameda Street, designed by R&A Architecture, will also include a grocery store and commercial space, as well as art galleries and studios. The Virginia-based developer will set aside 24 of the units as affordable.

AvalonBay will also include a 1,000-vehicle parking garage on the property that will include street-level parking. The developer said it is designing the structure with an eye to future of transportation, with ride-sharing services such as Uber and Lyft reducing the need for as many parking spaces.

Four industrial properties will be demolished to make way for the new development. Construction is expected to begin next year, and completed around 2022.

AvalonBay, led by CEO Timothy Naughton, is also building a 695-unit complex in Hollywood. Called AVA Hollywood, it is set to rise on Santa Monica Boulevard, and will wrap up construction late next year.

The Arts District, once a haven for artists and musicians, has become increasingly gentrified as developers take note of the area’s potential. Developer Hudson Pacific Properties recently redeveloped a former Coca-Cola manufacturing plant on Fourth Street into a 130,000-square-foot office complex, now leased entirely by coupon company Honey. Carmel Partners, a New York-based firm, is also planning a sprawling mixed-use campus nearby on Mateo Street, set to include residential units, retail and office space. [Curbed] — Natalie Hoberman

Related Articles

510 Park Avenue and CEO of Monster Beverage Rodney Sacks

Monster Beverage affiliate guzzles down industrial project in San Fernando

Governor Gavin Newsom and Senator Nancy Skinner (Credit: Getty Images and iStock)

Developers rejoice: Newest state law aims to boost housing production

Assemblyman David Chiu and Gov. Gavin Newsom (Credit: Wikipedia and iStock)

California passes landmark rent control law

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

Ron Galperin and an overview of LA (Credit: iStock)

LA owns thousands of properties, many of them vacant. LA’s controller has an idea to spur development

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

Bob Halavi and 827 South Grand View Street (Credit: LinkedIn and Google Maps)

This 60-unit resi project would add to MacArthur Park’s growing pipeline