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
Renderings of One Beverly Hills and Beny Alagem. (One Beverly Hills, Getty)
Beny Alagem’s $2B Beverly Hills project gets go-ahead
Beny Alagem’s $2B Beverly Hills project gets go-ahead
Downtown Burbank's Transit Oriented Development Specific Plan (Photo via Downtown Burbank TOD/City of Burbank)
Burbank’s downtown specific plan could add thousands of units of housing around its Metrolink station
Burbank’s downtown specific plan could add thousands of units of housing around its Metrolink station
The San Pedro Fish Market is one of the top-grossing restaurants in the U.S. (Getty, Facebook via San Pedro Fish Market and Restaurant / Photo Illustration by Alison Bushor for The Real Deal)
San Pedro Fish Market plans new “supersize” restaurant
San Pedro Fish Market plans new “supersize” restaurant
The Chateau Marmont (Getty) and protest signs (Unite Here Local 11)
Chateau Marmont workers say iconic West Hollywood hotel misused rescue funds
Chateau Marmont workers say iconic West Hollywood hotel misused rescue funds
A rendering of the project with East End Capital managing principals Jonathon Yormak and David Peretz. (Relativity Architects, East End Capital)
East End Capital to convert cold storage into movie studio
East End Capital to convert cold storage into movie studio
(Proper Hotel, Google Maps)
Downtown LA’s Proper Hotel to open in July after years of delays
Downtown LA’s Proper Hotel to open in July after years of delays
Small Business Administration administrator Isabel Guzman (Getty, iStock)
Starved for relief: Restaurants seek $76B, far more than budgeted
Starved for relief: Restaurants seek $76B, far more than budgeted
Goodman CEO Greg Goodman and a rendering of the facility. (Goodman)
Goodman’s massive logistics center will target e-commerce tenants
Goodman’s massive logistics center will target e-commerce tenants
arrow_forward_ios

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

Loading...