Tag Archives: arts district

Arts District of DTLA

Historically, the Arts District was home to industrial users who manufactured, distributed, and warehoused goods ranging from toys to frozen fish. Over time, the multi-story industrial buildings became antiquated and functionally obsolete – they began transitioning to lofts and studios for artists during the 1970’s.

Then in 1981 the Artist-In-Residence ordinance was passed by the city and it legalized the use of industrial buildings as work/live spaces for artists. During the 1990’s the area petitioned to be officially recognized as a city neighborhood called the “Arts District”.

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About a decade ago, developers started converting the former warehouses into live/work lofts – starting with Barker Block Lofts, Toy Factory Lofts, and Biscuit Company Lofts. These projects helped spark a renewed interest in the Arts District, and the retailers have followed suit. Award-winning restaurants, designer apparel brands, and a multitude of breweries and cozy coffee shops make this neighborhood of mural-splashed warehouses truly unique.

The Arts District has also become a hotbed of residential and mixed-use development, with projects aimed at luring new residents to the live-work-play atmosphere of the area. The real estate players in area have shifted from private/local investors to developers with institutional funding, such as Shorenstein, Tishman Speyer, Hudson Pacific, etc. Office tenants are also vying to call this neighborhood home – Warner music Group, Adidas, Spotify and more will soon be settling into their world-class creative office spaces.

Although the landscape of the Arts District is changing dramatically, the intent of the developers and the local community is to keep the integrity, character, culture, and aesthetics intact for the most unique district of Downtown Los Angeles.

7,450 SF DTLA Creative Warehouse

7,450 SF Warehouse For Lease, DTLA

Classic Brick Building with fenced parking lot. DTLA

■ Great Creative Studio/Warehouse Space
■ Classic Brick Building, Constructed 1968
■ Fenced Parking
■ 1st Floor: Previously an Art Gallery, Air Conditioned
■ 2nd Floor: Beautiful Wood Floors & Bow-Truss Roof
■ Only one block from 10 Freeway Onramp
■ Fashion District Near South Park, Historic Core, & Arts District

3-5 year lease term. $1.50/SF/mo. Marketing brochure package. The larger property can be made for sale for a buyer.

First floor was previously an art gallery and can be used as creative space or warehouse.

Beautiful upstairs with wood floors and bow-truss ceiling, natural lighting from windows.

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.  

Street Art – Enhancing Los Angeles Buildings

Los Angeles has an abundance of street art, especially DTLA and in the DTLA Arts District. I and many downtown dwellers view and define “street art” as artwork in a public space that has a generally pleasing design. Contrast that with typical street-gang graffiti, which was primarily composed of dreadfully designed words and dominated the public realm prior to 2000. Most denizens consider graffiti to be blight. Street art adds value to the public realm as well as property values, especially in areas such as the Arts District. Check out some great examples here: https://www.instagram.com/explore/tags/lastreetart/. A large portion of DTLA street art has been painted on industrial buildings.

Street art is not exclusive to gentrifying areas. See below in the heart of Skid Row with homeless encampments.

Redevelopment Boundary Moved South in Arts District

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The 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.