creative office/showroom space dtla lease …...creative office/showroom space dtla lease...

CREATIVE OFFICE/SHOWROOM SPACE DTLA LEASE OPPORTUNITYAdjacent to Fashion District & Arts District 1800 ESSEX STREET, LOS ANGELES, CA 90021

Offering Memorandum

Commercial • Industrial • ResidentialREAL ESTATE

WASHINGTON&

CENTRAL

Jesse McKenzie Ira Flusberg Jonathan L Johnson Sion Khakshour213.747.4156 213.222.1203 213.222.1205 [email protected] [email protected] [email protected] [email protected] #01939062 BRE #01487601 BRE #02063776 BRE #00697373

Spectacular Creative or Professional Office Space 200-1,700± SF Available

• Adjacent to Fashion District and close to Arts District

• Prime DTLA location one block north of Washington Blvd and one block west of Central Avenue

• Easy access to public transit and all Downtown LA freeways via the Santa Monica (I-10) Freeway (one block north)

• Lease rental: $2.00–$3.00 per SF MG

• Term: 1-3 years

• All smaller units (under 500 SF) include internet, water and electric

• Gated parking available at $75 per month per space

• Fantastic creative or professional office space

• 7 units available: 200 SF to 1,700 SF

• Completely refurbished with open floor layouts

• Beautiful hardwood floors

• Fully sprinklered

• Light and bright! Most units have skylights

• HVAC throughout with exposed ducts

• Wood bow truss with 9' to 15.5' ceiling height in most units

• Common area includes lounge and restrooms

1800 E Essex Street, Los Angeles, CA 90021


WASHINGTON&

CENTRAL


Subject Photos

Unit 314/315 Brick facade; exposed bow-truss; sprinklered; hardwood floor; HVAC with exposed ducts; skylights


WASHINGTON&

CENTRAL


Subject Photos

Unit 321Hardwood floor; skylight; exposed bow truss; 15.5' ceiling height; HVAC with exposed ducts; sprinklered; 2 separate entrances


WASHINGTON&

CENTRAL


Subject Photos

Unit 323Hardwood floor; brick facade; exposed bow truss;

9'–15.5' ceiling height; HVAC with exposed ducts; sprinklered

Unit 324Windows; Hardwood floor; brick facade; exposed bow truss;

9'–15.5' ceiling height; HVAC; sprinklered

Unit 323


WASHINGTON&

CENTRAL


Building Layout

18th Street

Washington Blvd

Ess

ex S

treet

Cen

tral A

venu

e

323

211

106

324

401

321 & 322314 & 315

Unit 106 200 SF

Unit 211 250 SF

Unit 314/315 1,700 SF

Unit 321/322 1,250 SF

Unit 323 200 SF

Unit 324 350 SF

Unit 401 500 SF


WASHINGTON&

CENTRAL


Aerial Photo


WASHINGTON&

CENTRAL


Subject Area Map


WASHINGTON&

CENTRAL


Development Projects Near Subject


WASHINGTON&

CENTRAL


"The Reef" Development ProjectIn 2015, he Los Angeles Department of City Planning published a new draft environmental impact report (DEIR), revealing new information about the mixed-use development, which is now called "The Reef."

The West Block - 1933 South Broadway

180,000 SF of space within the 12-story Reef building would be repurposed as creative office space. The building's ground-floor would be redesigned to include a combined 30,000 SF of retail and restaurant space, while its rooftop would receive an additional 8,000 SF of restaurant and outdoor event space.

New construction on the West Block would occur on the parking lot immediately south of the Reef building. Plans call for a 20-story, 240-foot tall hotel tower on the Hill Street side of the property, featuring 208 guest rooms and amenities such as an outdoor swimming pool. A sev-en-story structure would be built on the Broadway side of the property, featuring 100 rental units, ground-level retail space and seven live-work lofts along 21st Street.

The southwest corner of the West Block would be developed with an eight-story above-grade ga-rage, offering parking accommodations for a minimum 1,158 vehicles, ground-floor commercial stalls and space for outdoor entertainment on its roof level. The West Block would also include a mid-block paseo known as "the Exchange," which would provide pedestrian access between Hill Street and Broadway. In addition to shops and restaurants with outdoor seating, the paseo would feature a roughly 17,500 SF gallery designed to host local, national and international exhibitions.

The East Block - 1900 South Broadway

The East Block, located at 1900 South Broadway, will be developed with low-rise structures featuring rental apartments and a pair of high-rise towers featuring condominium units at the northeast and southwest corners of the block.

The North Tower (32 stories and 388 feet in height) and the South Tower (35 stories and 420 feet in height) would combine to create 895 residential units, while the low-rise buildings of three-to-seven-stories in height would add an extra 428 rental units and 14 live-work apartments. All buildings would be served by residential amenities including multiple swimming pools, a fitness center and community rooms.

The East Block would feature a mid-block paseo known as "the Strand." The paseo is intended to serve as the Reef development's main gathering space, designed with a public terrace featur-ing performance space with ampitheater-style seating. In addition to shops and restaurants, the Strand may also include a pharmacy, a grocery store and a fitness center.

Architecture

The project is being designed by a collaboration between architecture firms P-A-T-T-E-R-N-S and Gensler and would incorporate a variety of materials and styles.

Artistic renderings included in the DEIR portray the two residential towers with glass exteriors. The developer has requested a signage supplemental use district which would allow for both stat-ic and animated graphics on the buildings. The signs could be used for advertisements, building identification or even public art.

The Reef development would also result in significant streetscape upgrades for the surrounding community. In addition to the new gathering space proposed in the East and West Blocks, plans call for a new mid-block crosswalk on Broadway, improved landscaping and better connectivity to the nearby Grand Station on the Metro Blue Line.

Construction

The reef project would be built over approximately 60 months.

Groundbreaking on the West Block could occur as early as 2016, with an expected timeline of 30 months. Construction on the East Block (expected to last 32 months) would not begin until the completion of the West Block's parking structure. A small amount of overlap between the two phases may occur.

The Reef project is pursuing LEED certification, with environmentally-friendly features such as drought tolerant plants, deep infiltration wells and low-flow water fixtures. A full build-out of the Reef development is projected by the end of 2021.


WASHINGTON&

CENTRAL


DTLA Demographics

creative office/showroom space dtla lease …...creative office/showroom space dtla lease...

Documents