Construction has wrapped up for the $80-million At Mateo development, the latest in a stream of office developments in Downtown's Arts District.

The project, developed as a joint venture between ASB Real Estate Investments and Blatteis & Schnur Incorporated, consists of multiple low-rise buildings featuring commercial offices above shops and restaurants, as well as an adjoining 540-car parking structure.

When first proposed, At Mateo was imagined as an open-air retail center, featuring 125,000 square feet of space for shops and restaurants and just 50,000 square feet of offices.  However, after signing a 29,000-square-foot lease with Soylent earlier this year, the Real Deal reported that the project had been reconfigured with a greater emphasis on office space, citing sources at the project's leasing agent, Cushman & Wakefield.

An official website now advertises approximately 100,000 square feet of office space available.


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The City of Los Angeles Isn’t Creating As Much Housing As It Used To. Why?

"Starting two years ago, things started to change in the City. A series of policies were enacted that have made it much more difficult to create housing...."

If every jurisdiction in California addressed housing the way the City of Los Angeles has over the past few decades, the state would have nothing close to the crisis we have today.

In Los Angeles, planning case timelines are some of the fastest in the state. Unlike other jurisdictions, the City has honored state laws that mandate cases that conform to zoning be approved. Historically, fees have been low. The processing of permits and inspections are better than any jurisdiction I have worked in during my career.