An architecture and planning firm will become the first new tenant in The Trust Building, a freshly-restored Art Deco office building in Downtown Los Angeles.
KTGY Architecture + Planning announced this week that it will relocate its Los Angeles area offices from Playa Vista to a 15,730-square-foot space at the Trust Building, which is located at 433 S. Spring Street. The move is expected to occur in the first quarter of 2020.
“KTGY’s dynamic new environment at the Trust Building continues our commitment to architecture and planning for residential and mixed-use environments,” said David Senden, Principal and Board Member of KTGY Architecture + Planning. “This is a building brimming with both history and promise, where we will create a contemporary space that speaks to living and working in Los Angeles.”
The new space, located on the seventh floor of the building, will include an outdoor deck and an open floor plan capable of accommodating approximately 60 employees.
The Trust Building, built in 1928, was designed by architects John and Donald Parkinson. It is now owned by Rising Realty Partners and Lionstone Investments, which have completed a full renovation of the historic building.
KTGY was represented by Gary McArdell, a senior vice president and principal of Lee & Associates' Newport Beach office. Rising Realty and Lionstone Investments were represented by Mike Condon, Jr., Kelli Snyder, Peter B. Collins, Scott Menkus, and Brianna Demus of Cushman & Wakefield.
Spotify, already the largest tenant in the Arts District's At Mateo complex, is expanding.
The Real Deal reports that the music streaming company has leased an additional 45,000 square feet at the property, increasing its total footprint to 155,000 square feet.
Spotify is one of a handful of technology and media companies taking space in the Arts District, including Warner Music Group, which has moved its West Coast headquarters to a former Ford Factory at 7th Street and Santa Fe Avenue.
Across the street from At Mateo, a 1980s warehouse is now being demolished to make way for a 35-story tower featuring housing, retail, and office space.
- This Week's Leases (Urbanize LA)