Trending

Hines gets key approval on Arts District office project

City Council OKs 13-story tower, as vacancy hits 31% in Downtown

Hines gets key approval on Arts District office project in DTLA
Listen to this article
00:00
1x

Key Points

AI Generated.
This summary is reviewed by TRD Staff.
  • Hines has overcome a second appeal to construct a 13-story, 435,000-square-foot office building at 2045 East Violet Street in the Arts District of Downtown Los Angeles.
  • The project, designed by Rios, will include shops, restaurants, a parking garage, and extensive terrace decks, and is expected to take three years to build.
  • Despite high office vacancy rates in Downtown Los Angeles, this project is one of several new office developments in the Arts District, although some developers have recently withdrawn similar plans.

Hines has beat back a second appeal trying to block a 13-story office building, winning a final go-ahead in Downtown Los Angeles.

The Houston-based developer was approved by the City Council, which denied a labor-backed appeal against the 435,000-square-foot tower at 2045 East Violet Street, in the Arts District, Urbanize Los Angeles reported. It will replace two commercial buildings.

The approval scotched  the appeal by Creed LA, a coalition of building trades unions, which argued the project flaunted zoning rules and would hurt the environment. The Planning Commission initially denied the appeal last fall.

Plans call for a 217-foot tower next to the historic Ford Factory complex near the Los Angeles River.

The offices would soar above 15,500 square feet of ground-floor shops and restaurants, and a seven-level parking garage. The 6-acre site can also accommodate 211,000 square feet of future offices and shops.

The project, designed by locally based Rios, features a sloping gray facade clad in glass, steel, and brick, with 74,000 square feet of terrace decks and open space.

Sign Up for the undefined Newsletter

The building will take three years to build, according to Hines. A cost and timeline for construction were not disclosed.

In Downtown Los Angeles, office vacancy topped 31 percent in the first quarter, while federal leasing activity — once a key pillar for local landlords — faces scrutiny due to government cost-cutting, according to Cushman & Wakefield.

The proposed Ford Factory expansion is the latest and largest block of new offices in the works for the Arts District, joining similar projects from Jade Enterprises and Skanska, according to Urbanize.

But as market conditions have soured for offices, other developers such as Tishman Speyer and Onni Group have recently stepped away from plans to build nearby offices.

Dana Bartholomew

Read more

Commercial
Los Angeles
Hines beats back appeal against 13-story office tower in DTLA
Commercial
Los Angeles
SoCal commercial real estate market buffered by economic turbulence
Skanska Updates Purple Office Tower Plan in Arts District
Los Angeles
Skanska details plan for purple office tower in LA’s Arts District
Recommended For You