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Excavation Begins for 35-Story Arts District Tower
LOS ANGELES, CA — Heavy equipment is on-site at 520 Mateo Street in the Arts District, as developer Carmel Partners breaks ground on a mixed-use high-rise development.
The centerpiece of the project, which abuts both the 4th Street Bridge and Santa Fe Avenue, will be a 35-story tower containing 475 live/work apartments – including 29 affordable units. Plans also call for the construction of a six-story structure containing 105,000 square feet of office space.
A shared podium structure spanning across the property would include parking for 748 vehicles, masked from view by roughly 20,000 square feet of ground-floor shops and restaurants.
Rising approximately 390 feet in height, the 520 Mateo development will be the tallest structure in the Arts District upon completion. Solomon Cordwell Buenz (SCB) and Works Progress Architecture have designed the project as a contemporary glass-and-steel structure, with large amenity decks at the podium and roof levels. A former rail spur which flanks the southern property line is to be repurposed as a pedestrian passageway linking Mateo Street with Santa Fe Avenue.