Friday, October 24, 2014

Details Emerge for Coca-Cola Building's Mixed-Use Conversion


The rapid evolution of the Arts District continues to pick up steam, with yet another adaptive reuse project on the way.  Earlier this year, a subsidiary of the New York-based Atlas Capital Group purchased Coca-Cola's former West Coast headquarters, with the intention of converting it into a mixed-use development.  Now, an initial study published by the Department of City Planning has shed light on what's to come.

Per the new environmental document, the three-story edifice at 963 E. 4th Street will feature a combination of office, retail and restaurant uses.  Upper floors in the former warehouse will become approximately 78,000 square feet of creative office space.  This will give the Coca-Cola facility roughly the same footprint as South Park's Desmond Building, a similar adaptive reuse project which was recently leased by Convention Center overlord AEG.

At ground level, the Coca-Cola building will feature 25,000 square feet of  retail and 20,000 square feet of restaurant uses.  The restaurant space will be split between two different eateries, with total seating for slightly over 300 patrons and operations between 7 a.m. and 2 a.m.

These combined uses are anticipated to generate up to 1,000 daily car trips, thus spawning the final aspect of the project: a 306-vehicle garage.  The seven-story structure will rise from an existing surface parking lot, located immediately east of the Coca-Cola building.

In addition to Atlas Capital's adaptive reuse project, several residential and retail developments are also in the planning stages nearby.  On a vacant property adjacent to SCI-Arc, Legendary Development and Associated Estates Realty are collaborating on a controversial 472-unit mixed-use complex.  A few blocks south, a 125,000 square foot shopping center is planned along Palmetto and Mateo Streets.


No comments:

Post a Comment