Built in 1928, this building is one of the few historic commercial properties in Silver Lake. We are repositioning the asset into vibrant creative office and retail space on this prime stretch of Sunset Boulevard.
Los Angeles, California (PRWEB)
June 27, 2017
ArcWest Partners, a joint venture between Arc Capital Partners LLC (Arc Capital Partners) and Belay Investment Group, LLC announced today that it has acquired 2807 Sunset Boulevard, a 30,000 square foot historic office building with ground floor retail located in Silver Lake, Los Angeles. This is the second acquisition in Los Angeles by the joint venture formed to target urban infill properties in the path of Millennial growth. ArcWest Partners previously acquired and is restoring Chapman Market, a historic retail center in Koreatown, Los Angeles.
“Built in 1928, this building is one of the few historic commercial properties in Silver Lake,” said Neville Rhone, Managing Partner of Arc Capital Partners. “We are repositioning the asset into vibrant creative office and retail space on this prime stretch of Sunset Boulevard.”
Barbara Bestor of Bestor Architects will serve as the lead architect for the building repositioning. Based in Silver Lake, Bestor is responsible for some of the neighborhood’s most recognizable locations such as Intelligentsia Coffee in Sunset Junction and the Silver Lake Conservatory of Music. The Assembly Group, a partnership between Steve Edwards and Beau Laughlin, with its principals behind local restaurant hot spots Kettle Black and Sawyer and a future boutique hotel in Venice, was engaged to program the building’s repositioning.
“We see this as a tremendous opportunity to remake this building to be one of Silver Lake’s crown jewels,” said Quincy Allen, Managing Partner of…