The proposed development, slated for a property at 520-532 S. Mateo Street, calls for the construction of a 13-story, 150-foot-tall building featuring 600 live/work apartments, 20,000 square feet of office space, 30,000-square feet of shops and restaurants and 10,000 square feet of cultural space. Additionally, the mid-rise tower would set aside up to 11 percent of its residential units for very low-income households.
W. PA Works Partnership Architecture is designing the project, which calls for a U-shaped form rising above a podium. Open space would be provided through two pedestrian paseos at the ground level, as well as multiple elevated decks.
Construction of the project would occur over approximately 31 months.
520 Mateo is the third Downtown development for Carmel Partners, following mixed-use buildings at opposite corners of 8th and Olive Streets in the Financial District. The company is also behind a $200-million project now rising next to Expo/Sepulveda Station.
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