One Santa Fe

Los Angeles,
CA
(2011)

One Santa Fe

Affordable Housing, Grocery and Fresh Food, HFFI, Housing, Mixed-use, Retail, Retail and Commercial, Transit Oriented Development

The new construction of the commercial component of One Santa Fe, a mixed-use, transit-oriented development in the Arts District, a low-income community within Downtown Los Angeles.

Investment

NMTC Amount: $37,450,000
Total Project Cost: $37,450,000

IMPACT

400 FTE jobs
358 construction jobs
77,000 sq. ft. of real estate

CDEs

Clearinghouse CDFI, Genesis LA CDE, Los Angeles Development Fund

Investor

Unknown

Project Description

This project entailed the new construction of the commercial component of One Santa Fe, a mixed-use, transit-oriented development in the Arts District, a low-income community within Downtown Los Angeles. The project comprises 77,000 sq. ft. of commercial space supporting 438 rental residential units.

The commercial component created 293 permanent jobs, 51% of which was held for low- to moderate-income individuals. It also generated 358 construction jobs.

The project promotes sustainable growth in Los Angeles. Additionally, the project brings a grocery store and convenience retail to a low-income community that is under served in these areas.