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The City Market by Lena Group, Los Angeles, CA

Listing status
Pending
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1057 San Pedro Street, Los Angeles, CA
Condo
945 Units, 38 Stories
Preconstruction

Overview

The City Market is a new condo community By Lena Group currently in preconstruction at 1057 San Pedro Street, Los Angeles. The City Market has a total of 945 units.
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The City Market details

Building Type:Condo
Ownership:Condominium
Selling Status:Pending
Sales Start:To Be Determined
Construction Status:Preconstruction
Construction Start Date:To Be Determined
Estimated Completion:To Be Determined
Builder(s): By Lena Group
Architect(s): By HansonLA
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The City Market marketing summary

The City Market of Los Angeles was founded in 1909 as the central produce distribution market for the City of Los Angeles. As the company expanded its operations from the central produce market, its real estate portfolio grew in the neighborhood that is now the Fashion District of downtown LA. The Company, structured as a private REIT corporation, now owns 17 buildings and more than 12 acres of land in this dense urban area.

When the Company's produce operations ended in 2009, the Company looked towards other urban uses for its properties and land. Recently, the Company has sought to re-develop and entitle the central 10 acres of the market, which has produced the award-winning City Market South adaptive re-use project featuring destination restaurants, creative-office businesses, fashion showrooms and first-in-class event/banquet space.

The next phases of development will be ground-up projects that include up to 1.7 million square feet featuring 945 residential units, 312,112 SF of educational/corporate campus, 272,283 SF of office space, 224,862 SF of retail space, and a 210-room hotel.

Source: The City Market LA
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Last update: Nov 26, 2023
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