Developer Carmel Partners’ 520 Mateo in LA’s Arts District Takes Step Forward
Developer Carmel Partners brought its project 520 Mateo closer to shovel-ready this week after the publishing of its final environmental impact report.
The document is one of the final steps before construction can start, according to Curbed LA, who first reported about the report’s release. Though, this requires first the demolition of already existing 80,736-square-foot warehouse building.
Works Progress Architecture designed the proposed 13-story mixed-use development in the Arts District at 520 S. Mateo St., along Fourth Place between Santa Fe and Mateo. It will offer up 600 live-work units, a portion of which will be restricted affordable units, 20,000 square feet of office space, 15,000 square feet of restaurant space, 15,000 square feet of retail space and 10,000 square feet of cultural space.
According to the first environmental impact report, Carmel Partners plans to start construction in 2020, taking around 30 months to compete.