Any Angeleno knows that DTLA has experienced the utmost renaissance of all renaissances in the past decade or so. What was once a shabby neighborhood brimming with ramshackle art studios is now a burgeoning locale teeming with, well, some of the most notable artists in the world. But how and why has DTLA enticed countless renowned developers in recent years? And which new constructions should you keep your eye out for? Lucky for you, we’ve created the ultimate renaissance rundown—all below.
The Dawn of a New DTLA Age
First, let’s discuss why DTLA has experienced such an epic resurgence. In 1999, an Adaptive Reuse Ordinance was introduced to the area, allowing for older and historic commercial buildings to be converted into lofts and apartments. This, of course, resulted in thousands of new housing units, drawing countless Angelenos back to DTLA (hello low rent). With this ever-growing population came a new, vibrant culture, spanning from trendy restaurants to art galleries and, yes, new developments. And the best part? DTLA is a highly walkable ‘hood, allowing Angelenos to live, work and play within one locale. Thus began Downtown’s undeniable renaissance.
Now let’s get to the nitty gritty. Which new developments should you keep your eye out for in 2019? See below for what the SBP team believes to be the most inspiring projects this year.
6AM at 6th + Alameda
Currently in the works on 6th & Alameda in DTLA is 6AM, brainchild of renowned developer SunCal and design firm Herzog & de Meuron. The mixed-use project will feature twin 58-story towers complete with 1,739 new residences, two hotels, creative offices, a school, two parks and an additional 23,000 square feet of “art opportunity space.” 6AM is perhaps the most ambitious new DTLA development—both in scale and scope—so be sure to keep your eyes peeled in the upcoming months for what could be a true architectural feat.
670 Mesquit—an industrial riverfront site in DTLA owned by the Gallo family—is currently being transformed into a new mixed-use development with flexible, creative office space, affordable and market-rate housing, two boutique hotels, and a range of commercial and retail uses. Designed by acclaimed architect Bjarke Ingels, the massive development will feature an array of indoor and outdoor spaces, as well as a striking glass framework, to maximize bright, airy California living along the LA River—which Angelenos will FINALLY be able to take advantage of.
If you haven’t heard, Soho House is opening their third LA location in the Arts District. The exclusive, members-only club—dubbed Soho Warehouse—is poised to set up shop in a historic, five-story industrial building on 1000 South Santa Fe Avenue. The new club will include 48 rooms, a rooftop pool, three restaurants, six bars (sign us up!), a gym, event space and a 14,000-square-foot public market. In usual, trendy Soho House fashion, the building will reflect DTLA’s vibrant culture and showcase murals from LA’s most renowned artists.
Bay Street Mixed-Use Project
We all know that genius attracts genius, so you better believe that the property directly east of the new Soho Warehouse is going to be a killer mixed-use development. Located at 2110 Bay Street (a sprawling 1.8-acre site), the project will be comprised of 110 chic live-work units, offices and retail. Designed by Studio One Eleven, the Bay Street complex will be uber contemporary in framework with a strategically-adapted “shed-like” structure to house restaurant and shopping space. Construction is expected to commence this summer so stay tuned for this highly-anticipated urban campus.
Each member of our team is uniquely qualified with the expertise, relationships and focus to represent buyers, sellers, developers, investors, business and entertainment managers, and all others interested in the opportunity to be a part of the Los Angeles real estate dream.