The fund, through its affiliated entities, plans to develop a 120-room hotel, operated under a nationally recognized brand, and a six-story, 144-unit apartment community at the site.
Quartermaster owner Sky Management has partnered with architecture firm Digsau and is currently implementing a host of capital improvements that are expected to be completed by the spring of 2020.
Despite the record levels of new construction, apartment vacancy has held strong in Downtown Los Angeles.
Sponsored by ADP
Sponsored by 370 Lex
- Exclusive discounts on ALM and GlobeSt events.
- Access to other award-winning ALM websites including ThinkAdvisor.com and Law.com.
Copyright © 2019 ALM Media Properties, LLC. All Rights Reserved.