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San Francisco-based Carmel Partners continues to move forward with plans for a mixed-use complex in the Downtown Los Angeles Arts District, with hopes to complete the project by 2020.

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.

Image via LADCP
Image via LADCP
Image via LADCP
Image via LADCP
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This Week in Leases - September 22, 2018

The Pacific Design Center's RedBuilding fills out.
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Independent entertainment company A24 will relocate its offices to the Pacific Design Center's RedBuilding in West Hollywood.  The company, which is relocating from an existing facility on Beverly Boulevard, has leased the entire 12th floor of the RedBuilding, amounting to a 25,000-square-foot office.