Company developing Elon Musk’s Hyperloop is setting up shop in an Arts District warehouse in Downtown L.A.
The Hyperloop, an idea developed by technology oracle Elon Musk, will transport passengers in capsules through a pneumatic tube at more than 700 miles per hour.
The Los Angeles Times recently reported that Hyperloop Technologies, a company involved with the supersonic transportation plan, has leased warehouse space, and is now quickly hiring new engineers, technicians and other staff at the 6,500 sq ft Downtown industrial space. The company has also contracted for an additional 32,000 sq ft of space in the Arts District neighborhood.
Given as a free intellectual property gift to the public by Musk in 2013, the Hyperloop has attracted experts in technology and finance, raising around $29 million so far. The train of the future will implement a combination of vacuum tubes, rail gun and air skids to shoot passengers and freight at speeds of 750 mph, zooming from Los Angeles to San Francisco in 3o minutes.
Located at the South-east edge of Downtown’s Arts District by the Los Angeles River and railroad tracks, Hyperloop has chosen a nondescript industrial building to work out of, but the gentrifying Arts District neighborhood has become a hotspot of creative types, and now boasts an assortment of trendy, new restaurants and stores, including a Stumptown Coffee roastery, the Greenbar Craft Distillery liquor company, Bestia and Factory Kitchen restaurants and the artsy bar Villains Tavern.
LOFT & CONDO LISTINGS DOWNTOWN L.A. [MAP]