HUGE PROJECT WITH TWO 58-STORY TOWERS PLANNED FOR ARTS DISTRICT

HUGE PROJECT WITH TWO 58-STORY TOWERS PLANNED FOR ARTS DISTRICT

Last year, Irvine-based developer SunCal dropped $130 million on a 14.6-acre property bordered by Sixth, Alameda, Mill, and Wholesale streets in the Arts District, and now, we finally know what’s planned for this enormous parcel. Developers have shared with Curbed renderings and plans for a massive multi-use complex that includes two, 58-story towers, rental units and condos, office space, retail, and a school; the site is currently home to two warehouses mainly used by food distributors.
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THE ARTS DISTRICT OF DOWNTOWN LA

THE ARTS DISTRICT OF DOWNTOWN LA

The Arts District, just east of downtown LA has become one of the hottest real estate markets in Los Angeles.  About 30 years ago, artists who were being priced out of areas like Santa Monica, Silverlake and other artsy areas of LA found that the old factory lofts in the district were reasonably priced and would make good artists lofts.  Now it is a trendy up and coming area.  RENTV has produced a film of the area.  If you have interest in this part of Los Angeles, spend a few minutes watching this video.

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