Luzzatto to convert South LA warehouse to creative offices

Developer paid $17M for site next to planned Crenshaw Line

TRD LOS ANGELES /
Nov.November 21, 2018 01:45 PM
Marc Luzzatto and 3636 South Bronson Avenue (Credit: Google Maps)

Local developer Luzzatto Company wants to bring creative offices to Metro’s planned Crenshaw Line construction, banking on the city’s transit expansion.

The Beverly Hills firm intends to build out the new office space inside an existing warehouse at 3636 South Bronson Avenue, according to planning documents filed this week. The building is 42,000 square feet.

The property is near the city’s ambitious new light-rail line, which will run to Los Angeles International Airport starting in 2020.

Luzzatto paid $17 million in October for the South L.A. building, property records show. The expanding transit network is meant to help ease congestion and expand the range for what is considered commutable.

The site’s proximity to the Crenshaw Line also makes it eligible for the city’s transit-oriented communities program, potentially entitling it to the steepest development incentives allowed.

Luzzatto is partnering with the McGregor-Brown Company on the project, according to William McGregor, the firm’s owner.

Luzzatto did not immediately respond to request for comment.

As the traditional office supply tightens up, developers are increasingly turning to industrial conversions and speculative building to meet demand. In July, Luzzatto secured a buyer, the University of Southern California, for its large, spec-built creative office at 12414 Exposition Boulevard in Sawtelle. And Seritage Growth Properties and Invesco joined to turn a now-defunct Sears into offices in March.


Related Articles

arrow_forward_ios
Jeff Bezos and the IAC Commerce Center (Credit: Phillip Faraone/Getty Images and IAC Commerce Center)

Amazon expands LA footprint with big warehouse lease

Amazon expands LA footprint with big warehouse lease
The development site at 2830-2900 E. Washington Boulevard (Credit: Google Maps)

Camfield Partners plans warehouse-office combo in Boyle Heights

Camfield Partners plans warehouse-office combo in Boyle Heights
First District Supervisor Hilda Solis (Credit: Rebecca Sapp/Getty Images)

LA County select reopening target date for restaurants and retailers

LA County select reopening target date for restaurants and retailers
Construction is still on at the LA County art museum

Los Angeles construction projects continue amid CA confusion

Los Angeles construction projects continue amid CA confusion
Construction in Los Angeles (Credit: Sam Lafoca/Construction Photography/Avalon/Getty Images)

Construction work hasn’t stopped in LA

Construction work hasn’t stopped in LA
Eric Garcetti orders a moratorium on LA commercial evictions (Photo credit: iStock photo)

Garcetti orders a moratorium on commercial evictions in LA

Garcetti orders a moratorium on commercial evictions in LA
LA promo

Coming Soon: The Real Deal Los Angeles’ Winter 2020 issue!

Coming Soon: The Real Deal Los Angeles’ Winter 2020 issue!
From left: Howard Schwimmer and Michael S. Frankel, with 1601 W. Mission Boulevard and 2757 E. Del Amo Boulevard (Credit: Google Maps)

Rexford Industrial adds to LA portfolio with $100M in acquisitions

Rexford Industrial adds to LA portfolio with $100M in acquisitions
arrow_forward_ios

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

Loading...