LOS ANGELES—Trumark Urban is not done with the Downtown Los Angeles market. The developer is about half way through the construction of Ten50, a for-sale mixed-use condominium project, and is already looking for new development opportunities in the market, GlobeSt.com has learned exclusively. The developer is still focused on for-sale condo projects, but says that it is also looking at creative office, and notes the phenomenal fundamentals in the Downtown market that make it an attractive place to build.

“We are actively negotiating multiple large projects, and we are still focused on for-sale and mixed-use opportunities as well as creative office in Downtown Los Angeles,” Arden Hearing, managing director at Trumark Urban, tells GlobeSt.com. “We were really attracted to the market dynamics. I think it is common knowledge now that there is a renaissance of culture and lifestyle in Downtown Los Angeles. With 500,000 jobs and a great urban fabric of food and art, it has become a great place to be. At the same time, the apartment market has done a good job of pioneering in Downtown Los Angeles, and right now there are 8,000 residential units under construction, which catalyzes the pedestrian realm, street activation and quality of life, but almost known of those are for-sale condos.” Hearing said that the projects are too early to discuss details.

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