A preferred equity capital investment by the Canyon-Johnson Urban Fund (CJUF) has jump-started the development One Santa Fe, a $160-million, mixed-use project in downtown Los Angeles’ arts district.
The project’s team also includes The McGregor Co., Polis Builders Ltd. and Goldman Sachs Urban Investment Group (UIG). Locally based KTGY Group, Inc. is the executive architect for the project, which was designed by Los Angeles architect Michael Maltzan. KTGY has already completed construction drawings and the general contractor, Bernards, has commenced predevelopment work onsite. The project is anticipated to be completed by December 2014.