LOS ANGELES, CA - One Santa Fe, the iconic, Michael Maltzan Architecture-designed community in Downtown Los Angeles, has completed construction and announced major openings and leasing milestones. Since opening in September, 2014, the 500,000-square-foot, 438-residence, mixed-use development has signed over 260 leases (including 88 designated affordable), with over 240 residences occupied. The development leads approximately $2 billion in institutional investment in the booming Arts District of Los Angeles.
One Santa Fe's exclusive amenities have opened to residents, Los Angeles Metropolitan Transportation Authority (Metro) has begun moving into approximately 35,000 square feet of One Santa Fe's creative office space, and One Santa Fe has begun unveiling a comprehensive resident transportation plan. The Yards, a curated collection of 25 unique retail shops, restaurants and community art spaces, has announced tenants for a spring 2015 opening.
"One Santa Fe, which debuted its iconic profile on the Los Angeles cityscape in September 2014, begins 2015 with exciting news," said Charlie Rose, Director at Canyon Capital Realty Advisors. "The leasing success to date validates the investment mandate of Canyon Capital Realty Advisors and the vision of One Santa Fe's development partners. The property is 55% leased, with residents eager for homes within this architectural landmark which is quickly becoming the heart of the Arts District."
At over one-quarter of a mile (1,624 feet), One Santa Fe is L.A.'s longest building and one of the longest residential structures in the world. Rents – studios to two-bedroom, two-bath townhomes – range from $1,580 to $4,530.
One Santa Fe's exclusive recreational facilities respond to the surrounding creative environment and comprise a set of "architectural moments" within Michael Maltzan's design. They include a zero-edge pool, whirlpools, pool-side cabanas, a fitness club with technogym cardio and weight-training equipment, a yoga and spinning studio, an outdoor movie theater, gaming deck and fire pits.
One Santa Fe's advanced Transportation Program combines bike-share, ride-share, public transit, Zipcar and concierge booking. The 50 customized beach-cruiser bicycles comprise the largest shared-bike fleet by a private development in the U.S.
One Santa Fe is a joint development between One Santa Fe PMC, LLC and Canyon Capital Realty Advisors, through its Canyon-Johnson Urban Fund III. One Santa Fe PMC, LLC is comprised of industry leading developers, The McGregor Brown Company, Cowley Real Estate Partners and Polis Builders, Ltd. One Santa Fe was built by Bernards, the multidisciplinary commercial builder and construction management company. The associate architect is award-winning KTGY. Sacramento, CA-based FPI Management, Inc. is responsible for the residential leasing and management.