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LA Kretz Innovation Campus - Business - Los Angeles Downtown News - For Everything Downtown L.A.!: Development

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Downtown Development LA Kretz Innovation Campus - Business

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Posted: Friday, February 17, 2012 4:29 pm | Updated: 4:32 pm, Fri Feb 17, 2012.

DOWNTOWN LOS ANGELES - A summer 2012 groundbreaking is expected for a clean technology business incubator in the Arts District, said Fred Walti, executive director for the project at 411 Hewitt St. The facility, to be built inside an existing structure, was conceived by a partnership between the now defunct Community Redevelopment Agency and the Los Angeles Department of Water and Power. The CRA dissolution is not expected to impact the project, which is in a final design phase. The campus, slated to open in 2013, will house a variety of clean technology companies and occupants working with processes related to sustainable uses of natural resources. The DWP paid $11.1 million for the building on the block bounded by Hewitt, Colyton, Fifth and Palmetto streets. A temporary 3,500-square-foot facility is open nearby. State funds have been identified to turn an adjacent parking lot into a park. At laincubator.org.

©Los Angeles Downtown News.

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