Quickly materializing at 530 Mateo Street, near the 4th Street Bridge and Santa Fe Avenue, construction is underway on the creative office building, known as Forge at Alloy, with an expected completion date in the summer of 2024.
This new mixed-use development, totaling approximately 1 million square feet, will offer DTLA a 127,500-square-foot, six-story creative office building, alongside a new 35-story, 475-unit apartment tower.
In addition to the 127,456 square feet of creative office space on five floors, the ground floor will host 18,000 square feet of ground-floor retail.
The building boasts a design inspired by the historic warehouses and factories of the Arts District, featuring high ceilings and ample natural light. The outdoor space between the office and apartment towers offers seating and lounge areas as on-site amenities for tenants.
Office tenants will surely gain exclusive access to a rooftop deck atop the office building.
A key feature of the project is a new pedestrian and retail paseo, formerly a rail spur, connecting Mateo Street and Santa Fe Avenue. This paseo will serve as a year-round gathering place with various programmed activities, including public art installations, outdoor concerts, movies, and special events. Parking, with a desirable 3/1000 ratio, will be available across three levels, two above ground and one subterranean, exclusively for office and retail use.
Carmel Partners has enlisted DTLA real estate firm Cushman & Wakefield in Los Angeles to lead the leasing efforts for Forge at Alloy.
“Forge at Alloy is a first-of-its-kind ground up creative office development that was very thoughtfully designed and strategically located in the heart of Downtown Los Angeles’ Arts District, a desirable submarket with immense growth potential,” said Mike Condon Jr, Vice Chair. “This is a luxury development that will bring together upscale residential, office space, and a highly curated mix of retail and event programming, becoming a sanctuary and a hub for creativity, innovation, and connection. Forge at Alloy will offer a tremendous single-tenant headquarters opportunity or a multi-tenant environment that can accommodate a variety of industries.”
“Forge at Alloy is a first-of-its-kind ground up creative office development that was very thoughtfully designed and strategically located in the heart of Downtown Los Angeles’ Arts District, a desirable submarket with immense growth potential,” said Cushman & Wakefield’s Vice Chair Mike Condon Jr.
“This is a luxury development that will bring together upscale residential, office space, and a highly curated mix of retail and event programming, becoming a sanctuary and a hub for creativity, innovation, and connection. Forge at Alloy will offer a tremendous single-tenant headquarters opportunity or a multi-tenant environment that can accommodate a variety of industries.”
“We were drawn to the opportunity to develop a mixed-use project in the Arts District, which has been a vital area for commercial and residential growth and demand. Our vision is to create a unique destination which presents a true live-work-play environment while embodying the industrial aesthetic and creative energy of this cultural hub of Los Angeles,” said Will Cipes, Senior Vice President Development with Carmel Partners.
This pioneering development surely promises to transform the once baron Arts District to a thriving urban core, attracting a diverse range of tenants across various industries, including tech, law, music, fashion, gaming, and more.
