At Mateo is an upcoming $80 million Grove-style shopping center that will replace five old warehouses with 128,000 square feet of shopping. Arts District locals and visitors will enjoy a bounty of new artisanal food options along with hip, upscale retail stores in chic industrial buildings. The modern outdoor mall is sheduled to open some time in 2017. At Mateo has provided a helpful map of Arts District neigborhood businesses. Check it out. More info is also at the new Arts District Facebook page.
The project combines some original historic industrial buildings with several new buildings clad in recycled brick. Locally harvested cobblestones pave a common area, while broad multipane windows bring in natural light. #atmateo #artsdistrict
On land once occupied vineyards and orange groves, then by 1970s warehouses, the center will bring also two floors of creative workspace above the retail. Restaurant and cool chain-free shops will attract large number of visitors, who will have plenty of parking thanks to the new parking structure included in the new construction.
When At Mateo opens, those who do not yet understand the meteoric rise of the Arts District will suddenly get it. Those quick learners who want to own or lease in the Arts District can get a free list of nearby homes for sale including lofts, condos and apartments. Fill out the online form:
After a brief standstill, Oceanwide Plaza is again under construction in Downtown’s South Park neighborhood between L.A. Live / Staples Center and the Flower Street Lofts. The $900 million mega project mixed-use development brings tremendous commercial space and hundreds of residential condominium units atop more than 1,440 parking spaces.
Construction giant Lend Lease has entered into a US$814 million contract with Chinese developer Oceanwide to build a mixed-use complex in Los Angeles, adding a significant project to its workbook in southern California.
Oceanwide Plaza, a subsidiary of the Hong Kong-listed China Oceanwide Holdings, is developing the large-scale mixed-use complex consisting residential properties, hotel and shopping centres with a total gross area of about 138,249sq m in downtown LA.
The existing neighbors across the street at Flower Street Lofts have expressed concerns about the new behemoth building that will be blocking the sunset views and sights of L.A Live. The developer changed plans to make the Flower Street side of Oceanwide Plaza less of a loading dock area, and more of an attracive retail face, more open and accessible on Flower Street.
The Australian, a news publication, recently reported on Oceanside Plaza as a Huge LA deal for an Australian builder named Lend Lease. Construction giant Lend Lease has entered into a $814 million contract with Chinese developer Oceanwide to build a mixed-use retail and residential complex in Los Angeles.
Oceanwide Plaza, a subsidiary of the Hong Kong-listed China Oceanwide Holdings, is creating the large-scale mixed-use complex that will consist of residential condominiums, hotel and retail shopping areas.
The two companies have entered into a contract to build the complex, also known as Oceanwide Plaza, according to a stock exchange filing by China Oceanwide.
The project is Oceanwide’s first overseas development. They plan for three huge towers over a large podium on a 4.6 acre site.
The 49-story north tower will be a five-star luxury hotel with 183 rooms and 164 condominium units. The other two twin towers, each 40 stories high, will become 340 luxury condo units. The podium of eight levels of retail and parking with over 1,440 parking spaces will ensure that all of the residential units will have a great view.
The tower 1 concrete foundation pour has been completed.
Lendlease, an international property and infrastructure company, has announced the completion of the initial mat foundation pour for the Oceanwide Plaza development in Downtown Los Angeles. This milestone will allow for vertical construction of the project to begin.
See how 18,000 truckloads of concrete are being poured:
The initial pour was completed March 26th, one of the largest construction mat pours in the Los Angeles history. Crews from Lendlease worked with 700 concrete trucks to pour 7,000 cubic yards of concrete over 700 tons of rebar.
The full foundation will be completed in four phases, consisting of more than 25,900 cubic yards of concrete and six-million pounds of rebar. >> MORE
New home prices have net yet been released, but the L.A. Loft Blog is providing guidance in the form of estimated asking amount based on the current market and projections for 2017/2018. South Park luxury condominium tower studios are expected to start in the $700,000s, 1 bedrooms in the $900,000s and 2 bedrooms around $1,100,000. Actual prices will vary based on supply and demand.
Prospective Downtown home buyers are encouraged to take advantage early of free home buyer protection with no obligation to buy. This can help the buyer negotiate a better deal by placing the buyer’s interested above the seller’s interests. It can often allow home buyers to see unlisted units that are not on the developer’s public list. Developers require home buyers to sign up for any desired free home buyer protection early before seeing the properties. With no obligation to buy, some of these free home buyer protection programs offer guaranteed savings, such as the free Save 25 Grand certificate at www.Save25Grand.com.
Receive Oceanwide Plaza or Circa at 1200 Figueroa new listings in your email. Fill out the online form:
Get priority access to new homes, Free Home Buyer Protection and $25,000 Savings Guarantee Certificate at www.Save25Grand.com
AT MATEO – 551 Mateo Street, Los Angeles, CA 90013
DTLA is growing at a head-spinning pace, and the Arts District is the epicenter of much of that new construction. A new, mini “The Grove” style commercial shopping and dining center development is well under way across the street from Molino Lofts and Barker Block Lofts Warehouse 1.
From the vineyards and citrus groves of the 19th century emerges:
The developer has announced The Arts Districts’ preeminent destination for shopping, dining and gathering. What is looking like it till be kind of a “The Grove Jr” will bring a substantial shopping, dining and entertainment center.
Under construction in the east edge of Downtown L.A., near the Los Angeles River and three major arterial freeways, the Los Angeles Arts District has evolved into one of the country’s most talked about, imaginative, authentic and upscale urban neighborhoods. This small area of historical brick, concrete and wood beamed industrial warehouses and manufacturing plants is enhanced by the colorful character of local artist murals and converted historic industrial buildings.
Upon completion, AT MATEO promises to become the social epicenter of the Arts District, providing locals and visitors with artisan eateries and drinking establishments, fashion-forward retailers and local services that complement the avant garde and sophisticated culture of this exciting neighborhood.
The developer is credited with utilizing existing portions of the existing historic architecture in creating the authentic look for the new center.
For more than 10 years now, downtown L.A. has been gentrifying right before our very eyes. Besides the monthly Downtown L.A. Art Walk, a new Whole Foods market, and amazing live-work industrial-residential lofts for sale and for lease, we can now look forward to a newly renovated open-air shopping mall in DTLA.
Originally opened in 1973, Macy’s Plaza property is now undergoing a $160 million modernization as visualized above.
A Ratkovich spokeswoman says that when it’s finished, The Bloc, as it will be known, will be “the single largest mixed-use property in L.A.”
The huge building will contain 1.8 million square feet of retail, office and hotel space at 7th and Hope streets in Downtown Los Angeles. Construction is well under way, and while some of it may be completed by the end of 2015, much will not be done until sometime in 2016.
The Bloc will be an open, pedestrian, bicycle, and commuter-friendly complex. The project will also include a luxury office tower and a remodeled 485-room Sheraton Hotel. A new Italian steakhouse, TLT, Urban Oven, and Popbar are all slated.
One restaurant, already open, is called District on the Bloc. There diners can enjoy Scottish salmon, porcini-dusted whole branzino, sunchoke puree, rapini, heirloom carrot, sundried tomato and sherry jus. A visit there is not complete without a Moscow mule.
The remodeled mall is also expected to welcome a Starbucks Evenings location with on-site beer and wine licenses not far from where a new subway access point is being built.
A new pedestrian tunnel will LA’s busiest subway station, 7th Street-Metro Center, with The Bloc, allowing convenient roaming between Metro trains, shopping and dining.