Site Prep in Progress for 475-Unit Arts District Development
With a $167-million construction loan in hand, developer AvalonBay Communities has started work on a mixed-use housing development in Downtown Los Angeles.
The latest project, AVA Arts District, will rise from a 3.75-acre site at the southeast corner of Alameda and Industrial streets that was most recently home to a cold storage facility. Crews are now razing the existing industrial building, which will be replaced with a seven-story building featuring 475 studio, one-, and two-, and three-bedroom apartments – including 53 very low-income affordable units – above 61,000 square feet of ground-floor office, retail, and restaurant uses. Plans also call for a two-level, 842-car subterranean parking garage.
OfficeUntitled is designing the live/work development, with Togawa Smith Martin serving as executive architect.
