LOS ANGELES--(BUSINESS WIRE)--Lowe, a national real estate developer, investor and manager, announced today the topping out of construction at 2130 Violet Street, an approximately 113,000-square-foot, nine-story office building located in the vibrant Arts District in downtown Los Angeles. Completion is anticipated in early-2022.
“The Violet Street office building will offer companies and individual employees a work environment with abundant natural light, operable windows and doors to bring fresh air and connection to California’s mild enticing climate, flexible space design options and outdoor gathering spaces, located in a burgeoning creative district,” said Tom Wulf, executive vice president, Lowe. “The events of the recent pandemic have highlighted and focused our efforts to deliver a new building that will meet the needs of employer’s health and wellness objectives.”
The Violet Street office building is a state-of-the art, ground-up development providing open floorplates, high ceilings, operable windows, and energy efficient building systems and HVAC. The building’s top four floors are dedicated to contemporary and flexible office space, with substantial terraces allowing for increased circulation of fresh air and connected indoor/outdoor work and meeting spaces. With large 27,000-square-foot floorplates, 2130 Violet Street offers companies the ability to design the interiors to comfortably meet new office design needs while maintaining individual identity.
The approximately 3,000-square-foot rooftop deck will provide a safe and welcoming meeting option and gathering area for employees to relax and enjoy the uninterrupted downtown and mountain views. The building offers 3,400 square feet of ground floor retail, and four levels of parking with 275 spaces, a rarity in the Arts District.
As part of the 2130 Violet Street development, Lowe is installing public sidewalks, crosswalks, a traffic signal, tree grates, street lighting, and landscaping along its Violet Street frontage as well as a “green alley” with pervious pavement technologies. These efforts combine to create an appealing environment that is easily walkable to the neighboring cafes and businesses.
The building was designed by architect Ware Malcomb, with Swinerton as general contractor. The Cushman & Wakefield brokerage team of Mike Condon, Jr., Pete Collins, Scott Menkus, and Brittany Winn is managing leasing.
Los Angeles-based Lowe, formerly known as Lowe Enterprises, is a leading national real estate investment, development and management firm. Over the past 48 years, it has developed, acquired or managed more than $32 billion of real estate assets nationwide as it pursued its mission to build value in real estate by creating innovative, lasting environments and meaningful experiences that connect people and place. Lowe currently has more than $2 billion in commercial real estate projects in the pipeline or under development. In addition to its Los Angeles headquarters, Lowe maintains regional offices in Southern California, Northern California, Charleston, Denver, Seattle, and Washington, DC. Lowe’s hospitality affiliate, Coraltree Hospitality, operates numerous hotel and resort properties across the US and in Puerto Rico and Mexico. Lowe’s commercial property operations affiliate, Hospitality at Work® brings hospitality inspired-property management service to office buildings nationwide.