Tag Archives: arts district

Coca-Cola Building in DTLA Arts District

The online coupon company, Honey, has signed a lease to occupy the former Coca-Cola syrup manufacturing plant in 2019. Hudson Pacific, the property owner,  paid $49 million in 2015 and renamed the site to Fourth+Traction. They purchased it from GPI who purchased it for $19 million in 2014. One of my colleagues and I represented the buyer in that sale, where they then more than doubled their money flipping it. The seller then was a woman related to the man that once occupied the building as a toy distributor, T.T. Toys.

The Honey lease follows other recent DTLA Arts District transactions such as Warner Music at the Ford Building and Spotify at the At Mateo complex.

Historical photo below showing occupancy of Coca-Coca at the building.  

Redevelopment Boundary Moved South in Arts District

7th-and-santa-fe.jpgThe Los Angeles City Council last week approved a plan to expand the southern boundary of the Arts District, paving the way for redevelopment of the industrial area between 6th and 7th Streets just west of the river.  This area includes a scattering of modern warehouses amongst mostly older and sometimes multistory brick warehouses built in the 30’s and 40’s.  New residential grown in the current industrial area is expected.  Councilman Huizar proposed the modification to the former boundary set by the Planning Commission and CRA.