LOS ANGELES—The downtown arts district is set to get 150,000 square feet of creative office space in the former Coca-Cola production facility. GPI Companies and Atlas Capital formed a joint venture LLC under the name Atlas LA 4th St to purchase the property in April of this year for $19 million. The transaction was the largest industrial transaction in the downtown market for the past three years. Now, the owners have revealed plans for a multi-million dollar renovation project to convert the warehouse into creative office and retail space. The development is set to come online in the fourth quarter of 2015.

HLW International is designing the project, dubbed Fourth & Traction. The five-story, class-A development will include 70,000 square feet of retail space on the street and subterranean levels. Creative office will be on the top four floors, and will feature 35,000-square-foot floor plates and 14-foot ceilings as well as large windows that show off panoramic views. The project will also include communal features, like an atrium lobby and a 10,000-square-foot rooftop penthouse and deck with outdoor kitchens and fire pits.

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