The Arts District Becomes the Coffee District of Downtown Los Angeles

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A reason why the Arts District is becoming the place to work and live.

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Portland’s Stumptown moved into a 7,500-square-foot space on Santa Fe Avenue in September. Handsome Coffee Roasters celebrated its one-year anniversary at 582 Mateo St. in March. Urth Caffe, the first specialty coffee house to move into the then-predominantly industrial area back in 2008, keeps increasing sales of whole bean coffee from its headquarters at 451 S. Hewitt St.

They’re not the only ones brewing up business.

Santa-Cruz based Verve Coffee Roasters is planning to open a training facility and tasting room in the neighborhood dotted with industrial brick and concrete lofts. Citing the area’s growth, co-owner Colby Barr said he’s looking forward to participating in the Arts District’s “evolution.” The temporary training center will open above Bestia, he said. Additionally, Zinc Café which will be more restaurant than coffee, will also be pushing caffeine drinks when it debuts at 580 Mateo St. early next year.

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Then there are the other places to sit down and grab a double decaf cappuccino or a half-caf, nonfat double pump mocha: Novel Café has long had a spot on Traction Avenue, and Daily Dose is a small cafe on Industrial Street near the Toy Factory and Biscuit Company lofts.

So, what is it about the Arts District, which comprises approximately 52 blocks and has only a few thousand residents, that makes it a percolating coffee district?

Representatives of the three big roasting companies all point to the increasingly vibrant community. The neighborhood in the last few years has experienced a commercial and residential renaissance, and these days common sights include parents pushing strollers and loft dwellers walking dogs, running, bicycling and skateboarding. Additionally, hundreds of new apartments and condominiums will be opening in the next few years, bringing even more customers through the coffee houses’ heavy glass doors.

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“Community develops around restaurants and coffee bars. It’s a historical precedent, and it certainly rings true here,” said Anthony Carnazzo, general manager for Handsome Coffee, a 3,500-square-foot establishment with concrete floors, a high ceiling and interior windows that offer a peek at its Probat roaster. Carnazzo believes the more amenities a neighborhood offers, the better it is for everyone in the area.

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Historic Broadway Building to Become Four-Star Boutique Hotel

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When Los Angeles preserves the historical buildings it insures it’s prosperity!

By Jon Regardie of DOWNTOWN LOW ANGELES NEWS – In one new project, Downtowners will see the continuation of two trends: the growth of the hotel industry and increased activity on Broadway.

A joint venture between developers Frank Stork, Channing Henry and longtime Downtown player the Kor Group has purchased the Case Hotel, a 1924 building at 1106 S. Broadway. They plan to turn the 107,000-square-foot edifice into a four-star boutique hotel.

The 13-story building, which is vacant now but recently housed facilities for the YWCA of Greater Los Angeles, sold for the asking price of $13.5 million. The acquisition was funded with private capital and a loan from Karlin Real Estate Lending.

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A hotel operator and building transformation details have not been revealed, though the acquisition team said it intends to redesign the red brick and stone masonry property and target “Downtown’s growing population of creative professionals and leisure travelers.”

It is the latest move in the Central City for Kor Group, which was one of the first on the housing scene when it opened the Pegasus Lofts in the Financial District in 2003. The developer has also worked on the Eastern Columbia Lofts, Santa Fe Lofts and the Barker Block.

“We are thrilled to continue to participate in the re-emergence of Downtown Los Angeles,” the Kor Group’s Brad Korzen said in a prepared statement.

Stork and Henry are real estate veterans who have worked on numerous hotel projects in the United States and Mexico.

The project would continue a rush of development on the southern portion of Broadway in Downtown. An Urban Outfitters will open in the former Rialto Theatre at 812 S. Broadway next week and a boutique Ace Hotel, with 180 rooms, is scheduled to debut at 929 S. Broadway on Jan. 15.

Housing developers Barry Shy and Geoff Palmer also have plans to build residential complexes in the vicinity of Ninth Street and Olympic Boulevard on Broadway.

A timeline and budget for the new hotel project have not been announced.

Mike Condon and Ben Stapleton of Jones Lang Lasalle represented the purchasers in the transaction, while seller Jade Enterprises was represented by CBRE.

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