 LOS ANGELES, CA — MARCH 19, 2020 — Centre Urban Real Estate Partners as exclusive advisor is pleased to present for sale 717-759 North Hill Street, an irreplaceable development opportunity comprised of approximately 82,120 square feet or 1.89 acres of land located within the rapidly expanding downtown-adjacent market of Chinatown in Los Angeles, California. With favorable C2-2D Regional Commercial zoning and Transit Oriented Community (TOC) Tier 3, the opportunity allows for incredible development flexibility. With its walkability and access, Chinatown is currently one of the hottest neighborhoods experiencing rapid development and revitalization. Chinatown has had consistent delivery of new product in the past couple years. Most recently, the historic Capitol Mill Building has been converted to creative office, and LA Plaza Village has brought 355 new residential units to the neighborhood. Major planned developments to be completed in the coming years include College Station with 725 planned units and Llewellyn Apartments with 318 planned units. The Property is offered on an unpriced basis. Please email [email protected] to be qualified as a respondent for the Request for Proposal that will be distributed on March 23, 2020. All responses will be due on or before April 30, 2020 at 5:00PM PDT.
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