After two years, Los Angeles-based RYDA has wrapped up work on its renovation of a 113-year-old warehouse in the Arts District.
The property, located at the corner of 3rd Street and Traction Avenue, includes a four-story structure which was built in 1905 by the Richards-Neustadt Construction Company.
RYDA's renovation of the building, as designed by Abramson Architects, activates previously unused rooftop areas and alleys as tenant amenity spaces. The building will include four live/work apartments and 40,000 square feet of combined retail and restaurant space.
RYDA, led by brothers Daniel and Ryan Neman, are not strangers to commercial rehabilitation projects, having previously restored the historic Pettebone Building on Broadway, The five-story building sold last year for $22-million to Korean gaming company NHN Global, which uses the early 20th-century structure as its American headquarters.
A short distance east on 3rd Street, Fairfield Residential and Legendary Development completed construction of a 472-unit apartment complex earlier this year. The project, called The Aliso, replaced a vacant lot adjacent to SCI-Arc.
- 3rd & Traction (Urbanize LA)