Oct
03
SunCal Plans $2B LA Mixed-Use Project
ByThe 15-acre 6AM development will be a live/work/play destination in every sense of the term.
This artist’s rendering depicts SunCal’s proposed 6AM mixed-use development in the Los Angeles Arts District. The City’s downtown skyline appears in the background. (PRNewsFoto/SunCal)
Los Angeles—Downtown Los Angeles’s blossoming Arts District is about to get one show-stopper of a piece. SunCal has announced plans for 6AM, a 15-acre mixed-use project with a development cost of, according to Los Angeles Downtown News, a whopping $2 billion.
6AM will sprout up on an urban infill site SunCal acquired from Lowe Enterprises in March 2015, and like the project, the land cost a pretty penny. The real estate developer paid $130 million for the former industrial property, once home to a produce center. The site would be like catnip to many an investor, as it’s the largest remaining parcel in the neighborhood. But size isn’t all that matters…
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