DTLA ARTS DISTRICT ADJACENT DEVELOPMENT SITE

Transcription

1 DTLA ARTS DISTRICT ADJACENT DEVELOPMENT SITE

2 INDUSTRIAL LAND FOR SALE 5,104± Sq.Ft. Buildings 15,900± Sq.Ft. of Land S Clarence Street, Los Angeles, CA Ideal for conversion to creative offices, artist's lofts, etc. Located between the Los Angeles River and the 101 Freeway Just south of 3rd Street and north of 4th Street Rapidly developing neighborhood with unlimited potential One-half mile east of DTLA Arts District Close proximity to Pico/Aliso Gold Line Station on 1st Street Includes 3 buildings totaling 5,104 sq.ft. built 1923 & 1940: Buildings A & C are steel frame/metal structures totaling 4,420 sq.ft. Building B is a wood frame/stucco structure totaling 684 sq.ft. Assessor's parcel number ,004 Zoned LA MR-1 Asking price: $3,300,000 ($ per sq.ft. land value)

3 Subject Photos 3 Buildings on Site Building C Parking and Loading Yards Building B Building A Subject From Clarence Street

4 Subject Aerial Photo

5 Subject Plat Map

6 Nearby Developments

7 Nearby Developments 1. One Santa Fe The $160 million project from developers McGregor Brown Company, Cowley Real Estate Partners, Polis Builders and Canyon Capital Realty Advisors created 438 apartments at 300 S. Santa Fe Ave., across from the Southern California Institute of Architecture E 3rd The project will include rooftop decks, 22,000 square feet of retail and a courtyard. The Arts District development broke ground in March and is on schedule for a late 2018 opening. 3. Fourth & Traction (Coca Cola Building) The century-old Coca-Cola bottling facility in the Arts District is being transformed into a 130,000 square foot mixed-use complex with creative office space, retail and restaurants. 4. Barker Block 297 residential units renovated in Developed by The Kor Group. 5. Barker Block Phase 2 68 condominium units. 6. La Kretz Innovation Campus The 60,000-square-foot, $47 million La Kretz Innovation Campus is filled with clean technology and digital companies as part of the Los Angeles Cleantech Incubator, which aims to support start-ups in the clean technology field. 7. Arts District Park The $1.6M community attraction includes benches, trees, a children s playground and a performance space. 8. AT MATEO Four buildings with 130,000 square feet of retail space, 50,000 square feet of office space, a rooftop deck and 540 parking spaces. 9. Maxwell Coffee Building Los Angeles-based Hudson Pacific Properties is quietly beginning work on the conversion of the Arts District's Maxwell Coffee Building into 56,635 square feet of leasable creative office space S Mateo Carmel Partners is seeking entitlements for a project that would rise on a twoacre plot along Santa Fe Avenue and Fourth Place in the Arts District. It would include 60,000 square feet of retail space. 11. Santa Fe Business Center A four-story office building is now under construction. The project features over 90,000 square feet of leasable floor space in addition to 199 parking spaces and a rooftop amenity center th & Hewitt Shoreham Capital filed plans to construct a seven-story building with 93 live/ work units and 20,000 square feet of retail space, replacing a one-story warehouse S Hewitt The site is slated for an 11-story, 190-foot tall building that would feature 255,000 square feet of offices above nearly 15,000 square feet of ground-floor commercial space. The project will also include a 7,800-square-foot museum building S Alameda A seven-story development would offer 186 live-work apartments, in addition to 22,000 square feet of retail space and 402 parking spaces. 15. Arts District Center A proposed mixed-use complex could result in a 12-story tower featuring multifamily residential units, retail space and a hotel th and Seaton Plans call for 218 live/work lofts above 18,400 square feet of retail space, 22,000 square feet of open space and amenities, and parking for up to 225 vehicles in an on-site garage. 17. Palmetto Colyton The project features 310 residential condominiums, 11,375 square feet of retail space, 11,700 square feet of production space and a 394-car garage. The proposed development would rise to a maximum height of 12 stories. 18. Hauser, Wirth & Schimmel Gallery The project at 901 E. Third St. is the sixth location for the Switzerland-based gallery owners and art dealers rd & Garey 20. The Garey Building The project has 320 apartments. The studio to two-bedroom residences are in a pair of five-story buildings that are separated by a pedestrian paseo.

8 Arts District Retailers

9 Arts District Future Retailers

10 Arts District Demographics