A few weeks ago, we posted about three major Los Angeles Commercial Real Estate Developments. With all of the construction going on in the area, we had to talk about recent updates in three more huge developments in the DTLA area.
Art District Hotel:
A new 66-room boutique hotel is being proposed at Fourth and Alameda Streets, where a three-story warehouse currently stands. The project was approved by the City Planning Commission in September and is being developed by Creative Space, which is owned and will be operated by Grupo Habita, a Mexican boutique hotel chain. The design will maintain the current warehouse’s brick façade and will add a fourth floor on top of the existing three floor structure. An initial study published in May laid out an 18-week construction timeline.
Downtown LA’s much anticipated Soho House is finally underway. Soho House has been preparing to convert a building at 1000 S. Santa Fe since the $18.5 million sale of the 62,000-square foot closed in October of 2015. Two years later, DTLA based hospitality group BLVD745 is developing the 100-year-old brick warehouse. The space will include a private 48-room hotel, a gym, theater, rooftop pool and multiple bars.
Arts District Office Space:
An environmental study was filed with the Los Angeles Department of City Planning, which reveals information about a proposed office structure at Fourth and Hewitt Streets. The proposed development showed an 11-story building on the 1.31-acre lot on Fourth Street between Colyton and Hewitt Streets. The site includes the A+D museum which would be maintained, while other structures would be demolished to make way for the new building. The proposed building would be 255,000 square feet of office space and 15,00 square feet of commercial space on the ground floor. Construction is slated to start in 2019 and finish in 2021. No renderings have been made available as of yet.