The center's location is at 12th and Towne Avenue, a key intersection within the Fashion District of Los Angeles, notes Behrouz Soroudi, a Maxxam principal. The new development, which features space for stores and showrooms on its ground and mezzanine levels, also includes parking, a big selling point in a high-traffic commercial area like the Fashion District, Soroudi points out. In addition to the stores and showrooms, the building features a branch of Pacific City Bank that recently opened on the second floor.
The 777 E. 12th St. project expands a growing portfolio of properties owned and under development by Maxxam. The company specializes in the acquisition of value-added properties as well as the development and repositioning of unique assets. Its portfolio comprises retail, office, hotel, industrial, residential and mixed-use properties throughout California, Hawaii and the Western US.
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