Canyon-Johnson Urban Fund has provided preferred equity capital to the joint venture partnership developing One Santa Fe, a $160 million mixed-use project located in Los Angeles’s Arts District. The financing will allow The McGregor Company, Polis Builders Ltd. and Goldman Sachs Urban Investment Group to begin construction and site improvements this month.
The fully entitled and permitted project, situated on land owned by the Metropolitan Transportation Authority, spans several blocks on Santa Fe Avenue between First and Fourth Streets. When complete, One Santa Fe will include 438 apartments and 78,620 square feet of office and retail space, along with nearly 50,000 square feet of public outdoor space.
One Santa Fe | Los Angeles, CA
