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$100M Office Building Replaces Cold Storage Facility in DTLA Arts District
Denver-based Continuum Partners commenced demolition work at the future site of its ProduceLA project, a $100-million, ground-up creative office development in DTLA’s Arts District at 640 S. Santa Fe Ave. An existing 37,000-square-foot cold storage facility will give way to 100,000 square feet of creative office and ground floor showroom space and 15,000 square feet of retail and restaurant space, with a below-grade parking garage.
Continuum Partners’ Roger Pecsok says, “ProduceLA is an extremely rare site as it sits both within a Qualified Opportunity Zone and in the heart of one of the West Coast’s hottest markets, DTLA’s Arts District.”
The four-story, ground-up mixed-use development consists of three floors of creative office space, ground floor with showroom, restaurant and retail space and a 4,200-square-foot activated rooftop. The developer is targeting LEED Gold certification for a project being built on spec and expected to deliver by the end of 2020. CBRE’s John Zanetos is managing the leasing.
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