Downtown LA's Arts District Alameda Square will be converted to massive mixed-use complex. Also, the developers have already set their eyes on several warehouses in the 7th and 8th streets.
LA Curbed reports the historic neighborhood in Downtown LA's Art District is up for restoration. There are already several projects in mind for some developers who want to continually transform the area. Report says that "developers now have their sights set on a row of old warehouses between Seventh and Eighth streets off Alameda."
Alameda Square has been the home to a handful of American Apparel offices and manufacturing and a handful of retailers."However, it is expected that at the later part of 2016 the place will already be converted to a "massive multi-use complex complete with shopping, restaurants, and creative office spaces."
This multi-use complex rebranded as ROW DTLA is under Runyon, a partner of Atlas Capital Group for this project. Report says that the "owner Atlas Capital Group plans to offer 1.3 million square feet of office space at ROW DTLA with hopes of housing up to 20,000 employees." Despite the plan transformation of the area, it is noted that the "offices will maintain the factory feel of the historic buildings with high ceilings, sandblasted walls, and vintage factory windows."
It is also the goal that this massive mixed-use complex will become the "major shopping and nightlife destination with some 200,000 square feet of commercial space available for the most progressive luxury brands."
Urbanize LA has published the renderings of ROW DTLA. The architectural perspective of the multi-use complex features a 30-acre industrial complex which is "highlighted by its trio of hulking 98-year-old warehouses." The entire structure has two-million-square-foot ready to function as "creative offices, green spaces, shops and restaurants."
It is noted that Atlas Capital Group's Industry Partners, a commercial real estate brokerage that is based in Santa Monica, "is working to lease the office space."
ROW DTLA is scheduled to open in summer 2016.
Do you think this newly reborn Alameda Square will become the major shopping and nightlife destination in Downtown LA's Arts District? Share your opinions in the comment box below.
