Two years after completing work on a two-building development in Little Tokyo, AvalonBay Communities has turned its sights to the Arts District.
Yesterday, the Virginia-based real estate firm filed plans with the City of Los Angeles for a mixed-use complex at the southwest corner of Alameda Street and Industrial Avenue. The proposed development, slated for the site of a 130,000-square-foot cold storage facility, would offer 475 live-work lofts, 45,000 square feet of ground-floor retail space and parking for 703 vehicles. AvalonBay would set aside 5% of the total residential units as affordable housing.
AVA Arts District, the limited liablity company listed in the project's case filing, suggests that the property is being developed as part of AvalonBay's AVA brand, which caters to younger renters seeking traditional urban neighborhoods.
The applicant has requested several discretionary approvals for the development, including a general plan amendment and a zone change.
AvalonBay is the latest developer to take advantage of the City's hybrid-industrial live/work ordinance, which facilitates residential development in the Arts District and other manufacturing districts flanking Downtown. Other proposals making use of the ordinance include the 2110 Bay development and projects from Bolour Associates and Carmel Partners.
The property sits immediately south of SunCal's 14.5-acre 6th & Alameda development site and a similar project planned by Camden Property Trust. Across Alameda Street, ROW DTLA office and retail campus is repurposing the former Alameda Square campus.
