Atlas Capital Expands Row DTLA with 1,000 New Apartments

Key Points:

• 🏗️ Two new apartment buildings with 1,000 units planned for Row DTLA.
• 📍 Location: 777 Alameda Street, replacing an existing parking lot.
• 🌆 Development reflects DTLA 2040’s vision to revitalize underutilized spaces.

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Atlas Capital's Ambitious Row DTLA Expansion

Atlas Capital Group, a New York-based developer, is poised to reshape Downtown Los Angeles with a major addition to its Row DTLA mixed-use hub. Plans have been filed for 1,000 residential units across two new apartment buildings, reinforcing Row DTLA’s role as a cornerstone of the city's revitalization.

The new development will occupy a 32-acre site at 777 Alameda Street, blending seamlessly with the existing mix of retail, office, and cultural spaces. Atlas Capital aims to integrate modern housing with vibrant ground-floor retail, replacing a parking lot with a more dynamic use of space.

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Development Details 🛠️

• Two Eight-Story Buildings:
  • North Building: 367 units.
  • South Building: 633 units.
• Parking: Underground facilities for 1,000 vehicles.
• Retail Space: 6,131 sq. ft. of ground-floor dining and shopping.
• Timeline and Costs: Not disclosed.

This project reflects Downtown L.A.’s growth projections, with new zoning regulations encouraging dense, mixed-use development in historically industrial areas.

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Driving Growth with DTLA 2040 📈

This expansion aligns with the DTLA 2040 plan, a zoning framework designed to accommodate 125,000 new residents and 100,000 new jobs by 2040. Atlas Capital’s plan to transform parking spaces into vibrant communities is a direct response to these zoning changes, which prioritize live-work-play environments.

Key highlights of the DTLA 2040 plan:

• Encourages redevelopment of industrial and parking areas.
• Supports a shift toward mixed-use projects.
• Anticipates large-scale urban population growth.

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Row DTLA’s Transformation

Once the L.A. Terminal Market, Row DTLA has become a cultural and economic hub since its revitalization in 2016. It spans 1.3 million square feet, housing:

• Shops, restaurants, and art galleries.
• Office spaces and historic architecture near Southern Pacific Railroad tracks.

Atlas Capital’s investment ensures that Row DTLA remains a centerpiece of Downtown’s evolution into a bustling urban destination.

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Atlas Capital’s Broader Vision for L.A. 🌇

This development is part of a larger portfolio of transformative projects by Atlas Capital, including:

• Production studio at the former Los Angeles Times printing plant across Alameda Street.
• 725-unit residential development near Metro’s Chinatown Station.

These projects underscore Atlas Capital’s long-term commitment to Downtown Los Angeles, a role they’ve embraced since acquiring assets from Meruelo Maddux over a decade ago.

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Conclusion

Atlas Capital’s 1,000-unit expansion at Row DTLA signals confidence in Downtown Los Angeles’ future as a thriving, mixed-use community. With the DTLA 2040 plan paving the way, this project is not only reshaping the city’s skyline but also setting the tone for the area’s growth over the next two decades.

Stay tuned as Atlas Capital continues to lead the transformation of Downtown Los Angeles. 🏗️