With over 5,000 residential market rate units under construction right now in Downtown LA — from South Park to Chinatown, Bunker Hill to the Arts District — only one development project will actually offer condo units for sale as opposed to apartments/lofts for rent. The highly anticipated second phase of Barker Block — located in the Arts District, one of the hottest up-and-coming urban neighborhoods in the country — will be bringing 68 new condo units to the market. Out of ~5,000 units under construction, the new Barker Block Warehouse No 1 units only represent about 1% of the total! Given the low supply and the pent-up demand for new condos, you can only imagine the buyers’ interest for these new Barker Block units. According to the co-developer, KOR, there are 2,800 registered on the interest list.
Category Archives: arts district
Rumors were leaked earlier this year that Stumptown was looking for space in the Arts District, and now Los Angeles coffee lovers can rejoice the new addition. The Portland-based Stumptown Coffee Roasters opened their first LA location in the Arts District last month (Sept 10, 2013) nearby a slew of other new eatery businesses including: Bestia, Bread Lounge, and Urban Radish specialty market.
There was a time in Downtown LA’s not-so-distant past where the nicest fashionable items you’d find were knock-off designers somewhere within the maze of Santee Alley. Not that I have anything against downtown’s own bargain fashion bazaar (it kind of reminds me fondly of New York’s chaotic Canal Street), but I am very glad to see an influx of new higher end shops (i.e., Acne Studios, The Well, Brigade, Apolis: Common Gallery, and Zara to name a few) making their way into LA’s urban center, adding that much needed balance to Downtown LA’s retail scene (we got a lot of lows but very few highs). Guerilla Atelier is the newest addition to Downtown LA’s growing high-end retail stock, bringing lux designer labels to the Arts District.
Several sources have informed me that London-based Soho House is currently searching for Is location in Downtown LA, and specifically, in the very up-and-coming Arts District on the eastern side of downtown. The private membership club “for those in film, media, and creative industries” is rumored to be looking at a couple different sites in the creative heart of the Arts District: one near Bestia and a more serious contender at 405 Mateo, which is a gorgeous but vacant 5-story industrial edifice at the junction of the 4th Street Bridge and the Molino Street Lofts. 405 Mateo could be a perfect match for Soho House as the building is ideally located (near One Santa Fe) and looks almost identical to the Soho House brand logo.
Over the last decade, the Arts District on the eastern edge of Downtown LA has become increasingly more residential as opposed to being a strictly industrial district. As more residents moved in over the years into industrial buildings turned into lofts, the demand for basic amenities became ever more apparent. Even though numerous high profile restaurants and eateries have opened here in the last several years (i.e., Urth Caffe, Wurstkuche, Church & State, Bestia, Handsome Coffee to name a few), sorely missing was a neighborhood grocery store. And now with the opening of Urban Radish at 660 Mateo St near the Biscuit and Toy Factory Lofts, the Arts District finally gets its own specialty market helping to fulfill that basic residential need.
One of the largest projects under construction right now in Downtown LA is the massive quarter-mile long One Santa Fe mixed-use project in the burgeoning Arts District, designed by Michael Maltzan. When completed late next year, One Santa Fe will add 438 apartments for rent and 79,000 square feet of commercial space (office, retail, and a 99-seat community theater). As to be expected with a growing residential population, grocery stores are all the rage in Downtown LA, so the developer of One Santa Fe was smart to allocate 15,000 square feet for just that purpose. But what kind of grocery store will it be?
Construction Watch: “One Santa Fe” Mixed-Use to Bring 438 Apartments to Arts District in Downtown LA
As the Arts District in Downtown LA continues to grow with the addition of more dining and retail — Stumptown Coffee, Eat.Drink.Americano, Poketo, and Apolis: Common Gallery to name a few — the next exciting game changer on the horizon that will have the single largest impact on the burgeoning urban neighborhood is the $160 million One Santa Fe mixed-use project being developed by three entities forming “One Santa Fe PMC, LLC” (“PMC” includes Polis Builders/Nick Patsaouras, The McGregor Company/Bill McGregor and Cowley Real Estate Partners/Chuck Cowley) with two financial partners (Goldman Sachs and Canyon-Johnson Urban Fund).
Several credible sources have confirmed that Portland-based Stumptown Coffee Roasters has secured a location in the Arts District of Downtown LA. The exact location for LA’s first Stumptown is still being kept secret but a source has narrowed it down to an area somewhere between “Handsome Coffee and 7th Street.” In addition to a cafe, the new LA Stumptown will have a large roasting facility to better serve their wholesale clients in the LA area, which includes Spring for Coffee and Cafe Dulce among others. The current timeline is to have Stumptown open by the “end of summer.”
Last month, Kyle Fitzpatrick of the LA I’m Yours blog introduced us to Poketo’s first retail store in the Arts District, which was already in the initial stage of building out. Now two months later, Poketo is ready to shine as the new flagship store will open today on Saturday, June 23, 2012.
After four months of construction, Eat.Drink.Americano finally opened its doors yesterday in the Arts District, replacing what used to be Cafe Metropol. The new gastropub on Third Street is a stone’s throw from SCI-Arc and much of the latest new restaurants and retailers (i.e., Wurstküche and Apolis: Common Gallery) making their way into one of Downtown LA’s most creative and charming nabes.