Local developer proposes 4-story office building in West Adams

Project calls for adding 50-60k sf of retail and creative office space

TRD LOS ANGELES /
Feb.February 05, 2019 03:30 PM
Rendering of the project set at 5760 West Adams Boulevard. (Credit: Redcar)

Redcar Properties has applied for permits to build a four-story retail and creative office building in West Adams.

If approved, the Los Angeles-based development firm would add 50,000-60,000 square feet of space at 5760–5780 West Adams Boulevard.

Chinatown-based Redcar bought the property for $2.7 million in 2016 through an entity named 5760 West Adams Owners LLC, records show. The firm hasn’t yet filed an application with the city.

With the expansion of the Metro Expo Line, West Adams has recently seen a jump in residents, office tenants and retailers, as well as more investment in real estate.

CIM Group recently filed plans to build an office complex at 5600 West Adams Boulevard, which would add to its expanding portfolio of properties in West Adams. Last year, the firm filed plans to build a 78-unit hotel with more than 48,000 square feet of space at 2545 S. Mansfield Avenue in West Adams just months after it won construction permits for a live/work complex on South Western Avenue a few miles away.

CIM is also building a 10-unit apartment complex at 5135 West Adams Boulevard, and it purchased a warehouse site at 5211 West Adams Boulevard last April for $2.9 million.

The firm 4D Development also recently filed plans for a 115-unit mixed-use project nearby at 5181 West Adams Boulevard.


Related Articles

arrow_forward_ios
Michael Rosenfeld,,Simon Reuben and David Reuben, with a rendering of Century Plaza (Credit: Presley Ann/Getty Images, and Dave Benett/Getty Images)

Michael Rosenfeld’s Woodridge Capital lands $275M loan for Century Plaza

Michael Rosenfeld’s Woodridge Capital lands $275M loan for Century Plaza
California is allowing barbershops and salons to reopen under new coronavirus mitigation guidelines (Credit: Noam Galai/Getty Images)

California allows barbershops to reopen, but LA holds back

California allows barbershops to reopen, but LA holds back
California State Senator Scott Wiener and Senate President Pro Tem Toni Atkins

Statewide bill would allow duplex development on single-family parcels

Statewide bill would allow duplex development on single-family parcels
LA County assessor Jeffrey Prang

LA County properties valued at nearly $2 trillion…before pandemic

LA County properties valued at nearly $2 trillion…before pandemic
Jose Huizar and Nury Martinez (Credit: Desiree Stone/Getty Images)

LA City Council moves to “close loopholes” in the development process

LA City Council moves to “close loopholes” in the development process
Jose Huizar (Credit: Kent Nishimura / Los Angeles Times via Getty Images)

Jose Huizar’s trial now set for June 2021

Jose Huizar’s trial now set for June 2021
Jose Huizar and a rendering of the project (Getty, City Market LA)

Huizar-tied community benefits fund linked to DTLA megaproject faces scrutiny

Huizar-tied community benefits fund linked to DTLA megaproject faces scrutiny
California State Senator Scott Wiener and Construction Trades Council President Robbie Hunter

Construction union pulls “anti-Semitic” Scott Wiener attack ad

Construction union pulls “anti-Semitic” Scott Wiener attack ad
arrow_forward_ios

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

Loading...