Joint venture advances with live-work project in Arts District

The complex will include 106 units, office space, retail and a restaurant

May.May 17, 2019 12:00 PM
Renderings of the project (Credit: Gensler)
Renderings of the project (Credit: Gensler)

UPDATED, May 20, 10: 20 a.m.: A plan to convert an industrial building into a brand new mixed-use complex with housing, office space, retail and other amenities is moving full steam ahead in the Arts District.

A joint venture between two LLCs — Dart Partners and Mateo Arts — is developing the eight-story building. It is set to rise at 1000 South Mateo Street, Urbanize reported. Dart is affiliated with SRG Properties, business records show.

Once completed, the complex will include 106 live-work apartments — nine of which are affordable — and 120,000 square feet of commercial space. Out of that 120,000 square feet, roughly 14,000 square feet will be for retail while another 13,000 square feet is dedicated to a restaurant.

Renderings by Gensler depict a modern glass-and-steel structure with several outdoor decks.

Amenities include a swimming pool, fitness center and a co-working area. There will be parking for 402 cars.

The LLCs paid $10 million to acquire the site in February 2016, property records show. They filed plans for the project later that year.

Nearby, Bolour Associates is building another live-work project. The Beverly Hills-based firm filed plans to construct a 310-unit structure with 27,400 square feet of commercial space. A 10,000-square-foot warehouse is slated to be demolished to make way for the project. [Urbanize]Natalie Hoberman

Related Articles

A rendering of the project

Jade Enterprises to build campus-like project near Soho Warehouse

Spotify CEO Daniel Ek and At Mateo (Credit: Spotify)

Spotify expands to 150K sf in the Arts District: sources

Terreno Realty Chairman & CEO W. Blake Baird

Terreno Realty makes another industrial play in LA

The building with Cross Campus founder Ronen Olshansky and Suge Knight

From The Chronic to co-working: Cross Campus’ LA expansion now includes former Death Row Records HQ

From left: Tom Gores and Mark Falcone with the project site

Continuum Partners sells Arts District project site to Tom Gores’ Platinum Equity

Ron Burkle owns Soho House

Soho House is expanding into the Arts District

Miro founder Andrey Khusid and Row DTLA

Atlas and Square Mile sign lease with tech startup at Row DTLA

Christian Johnston and ARCspace

Amid LA’s housing shortage, enter the prefab — and stylish — home