Lowe, Related Fund Complete LA Office Building

2130 Violet

The Lowe Enterprises and Related Fund Management joint venture has completed 2130 Violet, a 113,000-square-foot office building in downtown Los Angeles, in the Arts District neighborhood. The developers broke ground on the $60 million project in 2020, financing the construction with a $54.2 million loan from Bank OZK, according to CommercialEdge data.

The nine-story, Class A facility includes four floors of office space, as well as 3,300 square feet of retail space and a parking ratio of more than 3 spaces per 1,000 square feet. Terraces and balconies are found on every floor, as well as a 3,000-square-foot rooftop deck. Cushman & Wakefield’s Mike Condon Jr., Pete Collins, Brittany Winn, McKenna Gaskill and Scott Menkus spearhead the leasing efforts at the property.

The office building at 2130 Violet St. is near the confluence of interstates 10, 5 and Highway 101, connecting it to Glendale, Calif., Santa Monica, Calif., and Santa Ana, Calif. The property is only 1.5 miles from the upcoming Arts District Regional Connector Station.

Wellness and workspaces

Incorporating various wellness and health elements, the building has a modern HVAC system with 100 percent outdoor air circulation and touchless systems. Lowe also installed public infrastructure when developing the property, including tree grates, landscaping and sidewalks, to create a walkable area to the dining and retail options located nearby. Other features are floor-to-ceiling glass, solar panels and efficient systems for reduced 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 constructed or renewed. One of the ongoing projects is the $300 million redevelopment of Trident Center, in West Los Angeles’ Sawtelle district.