Excavation has started at 520 South Mateo Street. The project is in development by Carmel Partners, a firm with offices from Hawaii to New York. The building aims to be the first high-rise in Los Angeles’ historic Arts District.
Plans for the one million square-foot, mixed-use development, call for a 35-story residential tower; a six-story, 105,000 square-foot creative office building, and 20,000-square-feet of retail space. The residential tower will contain 475 apartments, ranging from studios to two-bedroom units. Affordable income, loft-style units will be on the ground floor, intending to serve as live/work studios for local artists, and all of the units will include at least 150-square-feet of clear and unobstructed space to support the practice of creatives.
There will be two levels of basement garage, helping to accommodate the 748-car parking spaces. Amenities include a gallery bar and event space, pool deck, a fitness center, spa, wellness rooms, and a top floor sundeck with views of Downtown LA and the San Gabriel and San Bernadino Mountain ranges. There will also be a landscaped terrace on the third floor.
SCB Architecture drafted the project, which caters to tenants in the creative fields by incorporating flexible floor plans and column-free floorplates to support open and collaborative work environments. The exterior was designed to complement historic warehouses and factories in the region, with a shifting grid façade.
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