The center's location is at 12th and Towne Avenue, a keyintersection within the Fashion District of Los Angeles, notesBehrouz Soroudi, a Maxxam principal. The new development, whichfeatures space for stores and showrooms on its ground and mezzaninelevels, also includes parking, a big selling point in ahigh-traffic commercial area like the Fashion District, Soroudipoints out. In addition to the stores and showrooms, the buildingfeatures a branch of Pacific City Bank that recently opened on thesecond floor.

The 777 E. 12th St. project expands a growing portfolio ofproperties owned and under development by Maxxam. The companyspecializes in the acquisition of value-added properties as well asthe development and repositioning of unique assets. Its portfoliocomprises retail, office, hotel, industrial, residential andmixed-use properties throughout California, Hawaii and the WesternUS.