Los Angeles, CA (PRWEB) May 19, 2017
One of Los Angeles’ most critically and popularly acclaimed restaurants selects apartment and retail property for only its third location
Lowe and J.P. Morgan Asset Management announced today that Father’s Office, a Los Angeles institution, will open at The Garey Bldg., a 320-unit apartment community in the burgeoning Arts District in downtown Los Angeles. The restaurant will have a prominent, 5,100-square-foot corner location with indoor and outdoor dining on The Garey’s pedestrian paseo, a wide tree-lined public space that spans a city block between 1st and 2nd Streets.
“Father’s Office has broad appeal with its casual atmosphere and American cuisine featuring its renowned office burger that regularly makes LA’s ‘best of’ lists. It’s an ideal fit for The Garey Bldg.’s ground floor restaurant and retail array that serves both our residents and the neighboring community,” said Tom Wulf, senior vice president, Lowe.
According to Chef Sang Yoon, this expansion of his Father's Office concept to downtown Los Angeles is scheduled to open in fall 2017. Yoon debuted Father's Office in 2000 when he took over the local dive bar in Santa Monica of the same name, creating the iconic "Office Burger" and venerable craft beer program, and trailblazed the gastropub movement across the US in the nearly two decades since. Father's Office Culver City opened in 2008 to continued critical and popular acclaim at the historic Helm's Bakery complex followed by an additional two restaurants, Lukshon (Culver City) and Two Birds One Stone (Napa Valley).
The Garey Bldg., located at 905 E. 2nd Street, is set on 2.9 acres east of Alameda Street between 1st and 2nd Streets. The property, developed by Lowe and institutional investors advised by J.P. Morgan Asset Management and opened in July 2016, features two five-story buildings flanking a 50-foot-wide pedestrian paseo that features 15,800 square feet of commercial space that will offer a variety of restaurants, cafes and retail establishments.
The Garey Bldg. brings bright, modern residences ranging from studios to two-bedrooms with ground floor live-work units steps from public transportation with the Metro Gold Line station and new regional connector station currently under construction at 1st and Alameda.
The Garey Bldg. was just awarded LEED Certification for its sustainable and environmentally sensitive development program.
Residences at The Garey Bldg. all feature large, operable windows and most offer either balconies or patios to take advantage of Southern California’s temperate climate that invites indoor/outdoor living. Units feature nine-foot ceilings, open floor plans with well-designed kitchens outfitted with stainless steel appliances including a gas stove, washers and dryers, spacious bathrooms and storage with many units offering walk-in closets. All units feature a contemporary color palette with sleek, modern cabinetry, quartz countertops, wood-style flooring and fiber communication systems.
Abundant communal spaces at The Garey Bldg. offer a variety of options for indoor and outdoor gathering, entertainment, collaborative work areas and relaxation – all with available WiFi.
“The combination of modern design, common area amenities and central location make The Garey Bldg. a popular residential option in the Arts District. It is 78 percent occupied, a strong performance for a new apartment property that has outpaced our projections,” noted Wulf.
The Garey Bldg. is a joint venture between Lowe Enterprises, Megatoys, which has owned the property for more than 20 years, and institutional investors advised by J.P. Morgan Asset Management. Cushman and Wakefield, led by Matthew Fainchtein and Carter Magnin, are the commercial leasing brokers for The Garey Bldg.
Los Angeles-based Lowe is a leading national real estate investment, development and management firm. Over the past 45 years, it has developed, acquired or managed more than $28 billion of real estate assets nationwide. Lowe is currently responsible for more than $7.5 billion of commercial, hospitality and residential assets. In addition to its Los Angeles headquarters, Lowe maintains regional offices in Southern California, Northern California, Denver, Philadelphia, Seattle and Washington, DC. For more information about Lowe, visit http://www.LoweEnterprises.com
About J.P. Morgan Global Alternatives
J.P. Morgan Global Alternatives is the alternative investment arm of J.P. Morgan Asset Management. With more than $120 billion in assets under management and over 800 professionals (as of December 31, 2016), we offer strategies across the alternative investment spectrum including real estate, private equity and credit, infrastructure, transportation, liquid alternatives, and hedge funds. Operating from 23 offices throughout the Americas, Europe and Asia Pacific, our independent alternative investment engines combine specialist knowledge and singular focus with the global reach, vast resources and powerful infrastructure of J.P. Morgan to help meet each client’s specific objectives. For more information: jpmorganassetmanagement.com
About Sang Yoon
Sang Yoon is the chef and proprietor of Father’s Office gastropub and Lukshon restaurant in Los Angeles, California. Yoon began his career in fine dining in Michelin-starred kitchens of Paris, New York, and Los Angeles including work at Chinois on Main and later as executive chef of Michael’s, Santa Monica’s famous dining destination for contemporary California cuisine. In 2000, Yoon struck out on his own by renovating his favorite local dive bar, Father’s Office, where he trailblazed the gastropub movement in L.A. and beyond. Father’s Office is critically and popularly-acclaimed for its signature craft brew selection of over 55 local and small-batch varieties and the proprietary “Office Burger” has been hailed as the country’s best burger by the TODAY show and Esquire magazine. Yoon has been profiled as a craft beer expert in USA Today, Food & Wine magazine, and National Public Radio and has been featured as a guest judge on Bravo’s Top Chef and competing chef on Top Chef Masters. February 2011 saw Yoon’s return to fine dining with the debut of Lukshon, a modern restaurant dedicated to traditional and creative Southeast Asian flavors that was recently named the #3 restaurant in Los Angeles from venerable food critic Jonathan Gold of the Los Angeles Times. In June 2016, Yoon opened Two Birds One Stone, a restaurant project in California's wine country alongside chef Douglas Keane and will debut his third Father's Office concept in downtown Los Angeles in fall 2017. Yoon credits the loves of his life—champagne and hockey—with helping him to achieve an ideal work/life balance. http://chefsangyoon.com/