Plans Revealed for Latest Arts District Development
SOURCE: Urbanize.LA - By Steven Sharp (03/31/2016)
Four months after purchasing a 1920s warehouse in the Arts District for $21.6 million, real estate investment firm Est4te Four Capital has filed redevelopment plans for the property with the City of Los Angeles.
According to a case filing from the Department of City Planning, the British company intends to add nearly 65,000 square feet of space - or approximately three new floors - atop the two-story structure at 2nd and Vignes Streets. The upper levels of the building would be used as a private club featuring office space, a gym and a swimming pool. At ground level, plans call for commercial uses including a food market, a cafe and other retail establishments.