A new mixed-use development is under construction at 520 Mateo Street in the Arts District, Downtown Los Angeles. The project proposal includes the development of a 35-story high tower offering residential, office, parking, and retail spaces.
San Francisco-based Carmel Partners is the project developer. Works Progress Architecture and Solomon Cordell Buenz are leading the design team.
Named Alloy, the project will bring the first high-rise tower to the Arts District. After years of inactivity, the developer has revved up the construction of high-rise and mid-rise structures on the site, in order to develop 475 live-work apartments, 105,000 square feet of offices, and 18,000 square feet of ground-floor commercial space. The building will also feature a 650-car garage on the premises.
520 Mateo Street Pedestrain Paseo via Works Progress Architecture
The visual centerpiece of the project is a new 35-story, a 390-foot-tall tower which is set to become the Arts District’s tallest building at completion. Renderings for Alloy depicted a contemporary look showcasing amenity decks atop its rooftop and podium levels. Plans also call for reactivating a former rail spur between Mateo and Santa Fe as a pedestrian paseo.
The project earned some controversy in 2020, following the revelation of the project’s connections to a City Hall corruption scandal centered on former Los Angeles City Councilmember Jose Huizar, who is now awaiting trial in federal court facing charges of accepting bribes from real estate developers. Huizar is alleged to have accepted political contributions from Carmel on behalf of his wife’s short-lived City Council run during the approval process for the project. During that process, Huizar pushed to reduce the amount of affordable housing required within the project. Since then, Carmel Partners has paid a $1.2-million fine to resolve its involvement in the corruption probe.
The project consrtuction timeline has not been revealed yet. The project site is located on the east of downtown, abutting the 4th Street Bridge and Santa Fe Avenue.
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