Est4te Four Capital has been given permission to redevelop a historic butter and cream factory in downtown Los Angeles into offices and artist studios.
The Beverly Hills-based developer has received approval from the Los Angeles City Council for zoning changes and environmental permits for the eight-story complex at 929 East Second Street, Reported by Urbanize Los Angeles. It will expand a century-old former Challenge dairy.
Plans call for a six-story addition atop the two-story, 44,500-square-foot industrial building at 2nd and Vignes Streets.
The expansion will include 70,300 square feet of offices, 17,200 square feet of artist studios and screening rooms, and 21,000 square feet of event space. In the basement there will be an automated garage for 270 cars.Earlier plans called for the building 120,000 square feet total area.
Designed by New York-based Morali Architects, the 143-foot-tall project will feature the historic Challenge Cream and Butter building topped by floor-to-ceiling glass offices, with each floor separated by cantilevered balconies, some of which are landscaped .
Decks will be built on the historic base and roof, including a swimming pool.
Construction is expected to take 18 months, according to a 2017 environmental study, but no ground has yet been confirmed.
Approved project is very different from previous projects ever planned for this site, when Es4te Four wanted to build a private club with offices, screening room, gym and event space, as well as a restaurant and bar at street level.earlier program requirements Five layers of addition.
December 2021, developers Abandoned plans for private clubciting changing market conditions caused by the pandemic.
Es4te Four Capital led the round Alessandro Cagierati Crivellitransforming historic buildings in former industrial areas with modern design, from Milan to New York, London and Los Angeles According to its LinkedIn page.
While the office space market has faced challenges in recent years, major developers are advancing similar projects, including Omni Group, Emerald Enterprises, Skanska, Tishman Speyer and Hinesaccording to urbanization.
