Los Angeles Development

The development of downtown Los Angeles just keeps on rolling along as yet another multi-use project is being planned to invigorate the area located just south of the 10 Freeway. The project, which is reportedly named SoLA Village, will incorporate residential, hotel and retail space in an exciting new concept that officials hope will extend the boundaries of the neighborhood and the enlivened spirit of the project just a little further out.

The project is being proposed just south of Washington Boulevard on a block-and-a-half area that is adjacent to the space that the LA Mart, a design and home furnishings center, used to occupy. Currently, LA Mart is known as the Reef Building, which is a 1950s high-rise that houses artist studios and creative firms.

This will be the first major renovation project to be made in any area south of the 10, which has both developers and local home owners excited for the proposed elements that the development will bring.

“SoLA Village will be about place making,” Ava Bromber, head of operations for the Reef and the SoLA Village project, said to the LA Times. “With the Reef, we are turning crative space into more of a community to the surrounding neighborhoods.”

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Grand Plans for an Underserved Part of Los Angeles

Although plans have yet to be officially drawn up and approved by city officials, many are eagerly anticipating the prospects of such a development in this area. The architecture firm Gensler has taken on the task of designing the center, and are reportedly leaving no detail overlooked.

The project plans to be as in vogue, as it is grandiose. The 1.66-million-square-foot development will include a 208-room hotel, approximately 1,500 residential units, retail, restaurants, bars and a grocery store.

Home owners in the area can look forward to changes in the sky scape as the hotel is anticipated to be 19 stories tall and the nearly 1,500 residential units will be spread across two condo towers that will be 32 and 35 stories tall.

Outdoor space is not to be overlooked in the development either. Developers are planning to work in plenty of public plazas, courtyards and patios in order to maximize the urban feel of this pedestrian-friendly zone. There is also hope to amp up use of the nearby Blue Line on Washington Boulevard and a bike sharing program for area dwellers.

“We’re not looking at this project as a singular fingerprint,” Shawn Gehle, a design principal at Gensler, said to the newspaper. “It’s multiple projects within one project with diverse forms and materials.”

The massive project, which is expected to cost around $1 billion, is set to be constructed in phases, with the hotel set to be number one priority in the construction queue.

With developments like SoLA Village, Los Angeles is adding to its allure every day. Contact our luxury property experts for more information on real estate in the area today.

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(all data current as of 11/24/2017)

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