Local developer proposes 4-story office building in West Adams

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

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
IGP Business Group's Matt Ilbak and Moreno Valley Mall (IPG Business Group, Moreno Valley Mall)
Indoor mall in Moreno Valley up for mixed-use makeover
Indoor mall in Moreno Valley up for mixed-use makeover
Michael Shabani with 8400 Melrose Avenue (Google Maps, iStock) Gucci, Melrose
Gucci plans flagship at Melrose & Melrose
Gucci plans flagship at Melrose & Melrose
Argent Retail's Terence Bortnick (LinkedIn, iStock)
OC commercial brokerage Argent Retail Advisors files for bankruptcy
OC commercial brokerage Argent Retail Advisors files for bankruptcy
LuMar's Babak Nehoray with10756 W Wilkins Ave (Avvo, Labyrinth)
Developers plan five-story apartment building in place of single-family home in Westwood
Developers plan five-story apartment building in place of single-family home in Westwood
Artist Guild Hotels' Daniel Hyde and the Palmer Building (LinkedIn, AGI)
Hollywood’s historic Palmer Building could become hotel with rooftop restaurant
Hollywood’s historic Palmer Building could become hotel with rooftop restaurant
Ben Shaoul and 1457 North Main Street (Getty, LoopNet)
NYC developer Ben Shaoul eyes 376-unit resi complex near L.A.’s Chinatown
NYC developer Ben Shaoul eyes 376-unit resi complex near L.A.’s Chinatown
BH Properties' Andrew Van Tuyle and 601 Potrero Grande Drive (Google Maps, BH Properties)
Distressed asset specialist buys Monterey Park campus from Blue Shield
Distressed asset specialist buys Monterey Park campus from Blue Shield
Cushman & Wakefield’s Dan Broderick, Phil Brodkin; and (formerly) Cresa’s Matthew Miller (Cushman & Wakefield, Cresa)
Cushman & Wakefield buys three Cresa offices in LA
Cushman & Wakefield buys three Cresa offices in LA
arrow_forward_ios

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

Loading...