Renderings of the project (Credit: Gensler)
A plan to convert an industrial building into a brand new mixed-use complex with housing, office space, retail and other amenities is moving full steam ahead in the Arts District.
A joint venture between two LLCs tied to AMT Enterprises and SRG Properties is developing the eight-story building. It is set to rise at 1000 South Mateo Street, Urbanize reported.
Once completed, the complex will include 106 live-work apartments — nine of which are affordable — and 120,000 square feet of commercial space. Out of that 120,000 square feet, roughly 14,000 square feet will be for retail while another 13,000 square feet is dedicated to a restaurant.
Renderings by Gensler depict a modern glass-and-steel structure with several outdoor decks.
Amenities include a swimming pool, fitness center and a co-working area. There will be parking for 402 cars.
The LLCs — Dart Partners and Mateo Arts — paid $10 million to acquire the site in February 2016, property records show. They filed plans for the project later that year.
Nearby, Bolour Associates is building another live-work project. The Beverly Hills-based firm filed plans to construct a 310-unit structure with 27,400 square feet of commercial space. A 10,000-square-foot warehouse is slated to be demolished to make way for the project. [Urbanize] – Natalie Hoberman