LOS ANGELES--(BUSINESS WIRE)--Atelier, the exquisite 33-story tower rising at Eighth and Olive Street in Downtown Los Angeles, announced today that pre-leasing for the highly anticipated premium residences will begin early December 2016. On the heels of the success of Eighth & Grand, Atelier is the second Southpark project by developer Carmel Partners, ushering in a new iteration for evolved living in the vibrant Downtown Los Angeles neighborhood, with special architectural attention paid to the indoor and outdoor living associated with traditional Southern California design. Atelier will soon welcome new residents to a collection of 363 artfully-appointed studio, one-, two- and three-bedroom and penthouse residences with floor to ceiling windows that offer unencumbered views of the expanding skyline.
“We are privileged to continue our work in creating a vibrant new residential core in one of the most in-demand neighborhoods of Los Angeles,” said Dan Garibaldi, Managing Partner, Development and Construction at Carmel Partners. “Atelier will be unlike any other residences on the market, offering the flexibility of a lock-and-leave apartment home while becoming a standard-bearer for full-service living that affluent urban-dwellers insist upon today.”
Future residents of Atelier will be welcomed each day by an artistically-influenced lobby and 24-hour concierge ready to cater to every request. A short elevator ride to the fifth floor reveals an unparalleled amenity deck with a 25 meter long Olympic-size lap pool and spa, poolside cabanas outfitted with fans and HD televisions, a BBQ and Game Terrace with a regulation bocce court and two fire pits, a dog run and pet spa for furry friends, a nearly 3,400 square-foot, state-of-the-art fitness center and yoga terrace, fully-equipped business lounge and conference rooms, 20-person screening room, and a clubroom with demonstration kitchen. Designed by Solomon Cordwell Buenz, the chic glass tower will culminate in a Skyline Rooftop Terrace rising 340 feet in the air, complete with private cabanas, spa, pool tables and elegant entertainment spaces, offering a refined escape from the energetic urban jungle below.
Atelier will overlook the 700-unit mixed-used Eighth & Grand, home to downtown’s flagship Whole Foods Market®, and will also include 9,900 square feet of carefully curated retail space to enhance the resident experience. With a variety of accommodating floorplans, ranging in size from 466 -1,842 square ft, residences will feature 9-ft ceilings through the 29th floor, up to 10 and 11-ft on the penthouse levels on floors 30 to 32. All residences will also include 3rd generation Nest Learning Thermostats, front-loading washer and dryer, German hardwood-style flooring, Italian cabinets, Bosch stainless steel appliances, polished chrome Brizo fixtures, and security-focused keyless entry locks accessible by phone through ButterflyMX™.
Situated amid the increasingly pedestrian-friendly retail and entertainment district of Southpark, Atelier has reserved nearly equal bicycle and automobile parking spots for its future residents. A short distance from STAPLES Center, L.A. Live, Nokia Theatre, the Orpheum Theater, The Broad Museum and countless other museums, galleries and restaurants, residents will enjoy a vast array of cultural destinations and experience the rich tapestry of DTLA.
The Atelier pre-leasing office is located at 433 West 7th St, Los Angeles, CA 90014.
About Carmel Partners
At Carmel Partners, we are entrepreneurs and multifamily real estate experts. We seek superior risk-adjusted returns across varying market cycles by adhering to a philosophy of specialization in U.S. multifamily investments, executed through a vertically integrated platform. Our forward-looking manner and disciplined process help us identify and execute compelling investment opportunities. Since our founding in 1996, Carmel Partners has bought and renovated 22,525 apartment units with a total market value of $5.0 billion and has developed, or is in the process of developing, 13,839 apartments units with projected project costs of $4.5 billion. Headquartered in San Francisco, Carmel has offices in New York, Los Angeles, Irvine, Seattle, Washington, D.C., Denver and Honolulu. For more information please visit www.carmelpartners.com.
All drawings and imagery are artist renderings, conceptual only, and the developer expressly reserves the right to make modifications. All features, dimensions and specifications are subject to change without notice.