A large 440-unit residential mixed-use project called Avant is now nearing completion on the southern edge of South Park in Downtown LA just south of Pico and across from the LA Convention Center. The three phase project — developed by Century West Partners and designed by local Downtown LA architect firm GMP — is comprised of three separate 7-story buildings with studios, 1 and 2 bedroom apartments. Situated between Figueroa and Flower Streets, the first phase facing Flower with 76 rental apartments (including 4 live/work units) is now accepting move-ins with already 30 units leased out and 10 units scheduled to be occupied by the end of May. The second phase facing Figueroa with 171 units is slated to open next month in June with an exciting designer showcase event spanning three days (June 24 thru 26) that will allow prospective residents to check out some really decked out designer model units. With 193 units, the third and largest phase — also along Figueroa and just south of the second phase portion separated by a surface parking lot — is actively under construction with the wood framing still exposed and scheduled to be completed by early 2015. Building Los Angeles reports that another mixed-use project is already in the initial planning stages to fill in the surface lot between the two Avant buildings.
Avant plays a critical role helping to revitalize the southern section of South Park along the Figueroa Corridor, which will be getting a much needed and exciting complete streets road diet called the “MyFigueroa Project” that will widen sidewalks, remove traffic lanes along the gratuitously wide street and add in a fully protected bike lane along with other pedestrian-oriented enhancements that will help strengthen the urban connection between Downtown LA and USC/Expo Park. In addition, Avant sets a new precedent along an otherwise desolate stretch of Flower Street that will help pull investment southward toward the 10 freeway.
And to help with the activation along this southern stretch of Figueroa, Avant has leased out one of three ground floor retail spaces to local restaurant chain Caffe Primo, which has another downtown location at the Pegasus Apartments in the Financial District. This will be a massive 6,500 square foot restaurant with an exciting retail component akin to Bottega Louie where customers can purchase a variety of grab-and-go items. Food delivery will be available for residents in Avant as an added convenience. Caffe Primo at Avant is slated to open in early to mid 2015.
For more info about Avant, visit them online.