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All Eyes on DTLA Icon with Lofty Goals

Written by Nook Real Estate on Friday, June 3rd, 2016 at 4:13pm.

At Nook Real Estate, we’re always on the hunt for the best homes in SoCal. Not just any properties, mind you. We look for “nooks” with unique architecture, unparalleled vibe factor, in the best locations. A bit of history helps, and adaptive reuse takes it up a notch.

Which is why, when Nook’s Downtown LA expert David Hernandez got the inside scoop on The Catalina (www.thecatalina.la) - an incredible adaptive reuse project set to start later this year in DTLA - we had to share.

The Catalina project (completion expected 2018) will bring new life to a beauty of a building that was built in 1923 as the headquarters of the Catalina Swimwear Company. The company commissioned the six-story Neoclassical building from architect William Douglas Lee, who would go on to design the iconic Chateau Marmont hotel and the El Royale apartments. As often happens, after Catalina Swimwear left the building a few decades later, this grande dame on the southern perimeter of Little Tokyo fell into disrepair.

Recently, Statewide Acquisitions Corp., a Newport Beach-based investment firm, bought the building and now is investing $11 million to convert it into a mixed-use complex consisting of 78 live-work lofts and 7,000 square feet of ground-floor commercial space. Here’s what we can expect from The Catalina once it’s complete in 2018:

Live/work lofts with 12-Foot Ceilings + 17-Foot Penthouse Ceilings

14 Penthouse Units | 12 with Mezzanines & Private Rooftop Decks

Glass-walled Rooftop Gym with Views of Downtown Los Angeles

On-Site Leasing Office + Gated Private Parking

For more information on The Catalina and other loft properties in Los Angeles and Long Beach, contact David Hernandez at Nook Real Estate, 213.808.4324, and click the links below to view a chic collection of lofts for sale customized for you by our Nook Curators.

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