Bolour Associates restarts live-work complex project in Arts District

The 310-unit building will include 27K sf of commercial space

TRD LOS ANGELES /
Nov.November 09, 2018 10:30 AM
Rendering of the project and CEO Mark Bolour of Bolour Associates (Credit: Ankrom Moisan Architects)

A large live-work loft development in the Arts District that was first proposed in 2014 is again moving forward, with plans to demolish the existing warehouse to make way for the complex. It would add to the growing list of construction projects in the booming area.

Beverly Hills-based Bolour Associates wants to build a 310-unit apartment complex at 527 S. Colyton Street. The 12-story building would encompass 320,000 square feet. The number of units — expanded two years ago from the original design — will include studios to three-bedrooms, Urbanize reported. Thirty of the units would be set aside for very low-income families. There will also be 27,400 square feet of commercial space.

A 10,000 square-foot warehouse is set to be razed to make way for the new development.

Portland, Oregon, based Ankrom Moisan Architects designed the project, which is highlighted by a seven-story opening for an open-air plaza. Construction is expected to last more than two years, with the opening slated for 2023, according to a city report.

Bolour acquired the property for $5.4 million in 2014, property records show. Nearby, Bolour and Greystar are building a 320-unit mixed-use project called the AMP Lofts.

The projects are among several planned in the area. Last month, the City Council approved AvalonBay’s live-work project that will bring 475 units to the district. And Tishman Speyer is planning a three-building office campus spanning 203,000 square feet there as well.[Urbanize]

Gregory Cornfield


Related Articles

arrow_forward_ios
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
Fareed Kanani and Sean Hashem, with a rendering of the project (Credit: HED via Urbanize, and Greenbridge)

Greenbridge Investment plans 169-unit tower in Koreatown

Greenbridge Investment plans 169-unit tower in Koreatown
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
Architect Simon Park and a rendering of the project (Credit: SSPSTUDIO ARCHITECTURE & URBAN DESIGN)

Boyle Heights slated for another mixed-use project

Boyle Heights slated for another mixed-use project
Jason Illoulian and the Cemex plant

Faring makes $30M assemblage play on WeHo/LA border

Faring makes $30M assemblage play on WeHo/LA border
110-unit mixed use development

Pourbaba gears up for 115-unit West Adams project

Pourbaba gears up for 115-unit West Adams project
arrow_forward_ios

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

Loading...