With so many new developments under construction in the Arts District, Downtown LA’s industrial chic community is about to get even hotter in the next few years. Adding to the fire is a new exciting retail project aptly named AT MATEO that just broke ground in mid-January last month. So aptly named because you can bet a lot of Angelenos will be “at Mateo” when this thing is finished in about two years. Purchased last summer for $32.5 million by a joint venture between ASB Real Estate Investments and local real estate firm Blatteis & Schnur, five large warehouses occupying a huge block bounded by Mateo and Palmetto will be converted into an open-air 130,000 square foot retail hub consisting of a major retail anchor, grocery store (I’ve heard they are courting the ever elusive Trader Joe’s), and numerous restaurants and retail shops. In addition, a 400-space parking structure will be incorporated into this $30 million redevelopment project.
One of the main reasons why AT MATEO is such an exciting project is what it’ll do for the Arts District by acting as an “urban glue” tying this part of the neighborhood nicely together. Currently, existing businesses like Urth Caffe, Blue Bottle, and Zinc Cafe — although each strong and destination oriented — are still separated from each other by distance with unactivated space in between, which prevents strong pedestrian synergy from forming and dilutes walkability. When AT MATEO is completed in fall of 2016, the retail complex itself — with over 900 feet of activated street frontage along Palmetto and Mateo — will fill in a void by helping to create a cohesive walkable urban community within this section of the Arts District.
Ultimately, the goal is to connect the entire sprawling and disjointed Arts District into one strong cohesive walkable urban community. And luckily, that vision isn’t too far off as another very large “connector” project called 950 Third just broke ground by SCI-Arc last week that will connect 3rd Street with Traction. This 472-unit mixed-use development will be finished by 2018. Head on over to one of my favorite sites, Building LA, to read more about it.
AT MATEO TODAY
AT MATEO TOMORROW