A joint venture between Los Angeles-based Lowe and Related Fund Management (RFM), the investment management affiliate of Related Companies, has begun construction of 113,000-square-foot, nine-story office building located at 2130 Violet Street in the vibrant Arts District in downtown Los Angeles – a designated Opportunity Zone.
Lowe and Related Fund Management (RFM) recently formed a partnership for the Violet Street development which has been in planning and predevelopment by Lowe since 2017.
“Located in one of Los Angeles’ most distinctive markets, Violet Street will be a contemporary office building that also offers many features that have become even more desirable as companies transition their offices to meet new requirements. With large contiguous spaces, floor-to-ceiling windows, outdoor terraces, operable windows and rooftop deck, Violet Street’s combination of location and building features make it a compelling option in today’s office market,” noted Tom Wulf, Executive Vice President, Lowe.
“Across industries, wellness-minded workplaces in dynamic city centers are increasingly important for building strong corporate culture, serving clients and attracting and retaining great talent,” said Jason Morrow, Managing Director, Related Fund Management. “Violet Street’s unique combination of indoor/outdoor workspace and proximity to the Arts District’s vibrant array of cultural and dining makes it the ideal office solution for forward-thinking businesses expanding in Southern California.”