The Lowe Enterprises and Management of related funds joint venture has completed 2130 Violet, a 113,000 square foot office building in downtown Los Angeles, in the Arts District. Developers broke ground on the $60 million project in 2020, funding construction with a $54.2 million loan from OZK Bankaccording to data from CommercialEdge.
The nine-story Class A facility includes four floors of office space, along with 3,300 square feet of retail space and a parking ratio of over 3 spaces per 1,000 square feet. Terraces and balconies are found on each floor, as well as a 3,000 square foot rooftop terrace. Cushman and WakefieldSpearheading the property’s rental efforts are Mike Condon Jr., Pete Collins, Brittany Winn, McKenna Gaskill and Scott Menkus.
The office building at 2130 Violet St. is near the confluence of Interstates 10, 5 and Highway 101, connecting it to Glendale, CA, Santa Monica, CA and Santa Ana, CA. The property is just 1.5 miles from the next Arts District Regional Link Station.
Well-being and workspaces
Incorporating various wellness and health elements, the building has a modern HVAC system with 100% outdoor air circulation and touchless systems. Lowe also installed public infrastructure during the development of the property, including tree grates, landscaping and sidewalks, to create a pedestrian zone to nearby restaurants and retail businesses. Other features are floor to ceiling glass, solar panels and efficient systems to reduce utility costs.
The focus on health, wellness and workspaces has become a key factor for developers and landlords, especially in Los Angeles, where many office buildings are being built or renovated. One of the projects underway is the $300 million redevelopment of the Trident Center in the Sawtelle neighborhood of West Los Angeles.